12:21 PM EST, 01/06/2025 (MT Newswires) -- NextGen Digital Platforms (NXT.CN) on Monday said it is evaluating additional opportunities within the cloud computing and data hosting sector to leverage its existing expertise in its Cloud AI Hosting division.

NextGen said it looks to offer "scalable, cost-efficient, and sustainable solutions" to meet growing global demand for reliable data hosting services amid a pervasive worldwide power shortage and growing demands for computing power.

"We are continuing to develop and refine NextGen's strategic direction by leveraging our existing platform and experiences," said interim chief executive Alexander Tjiang. "With our established expertise in Cloud AI Hosting and our recent expansion into the digital assets space, we see a tremendous opportunity to redefine value in the digital infrastructure sector. This evaluation aligns with our commitment to delivering innovative solutions that empower our clients and investors while supporting sustainability."

The company's shares were last seen up $0.06 to $0.81 on the Canadian Securities Exchange.

Price: 0.81, Change: +0.06, Percent Change: +8.00