NextGen Digital Provides Update on Strategic Priorities
NextGen Digital Platforms (NXT.CN) on Wednesday said it is seeking to expand its fleet of computing workstations for its Cloud AI Hosting business and is exploring potential acquisitions. The company also intends to expand its existing operations into the digital asset ecosystem, including cryptocurrency mining, staking, and blockchain infrastructure support, in line with its existing capabilities and business strategy. NextGen believes this potential business line would leverage its existing expertise and asset base and would form a third operational segment that complements its Cloud AI Hosting and e-commerce lines. NextGen Digital plans to buy digital assets, cryptocurrency, specifically for use in staking activities. Shares of the company closed down 4.3% to $0.45 on Tuesday on the Canadian Securities Exchange.