Cloud AI Hosting

Search documents
NextGen Digital Platforms Announces Plans to Expand AI Strategy through Integration with Bittensor Network
GlobeNewswire News Room· 2025-07-30 11:30
Core Viewpoint - NextGen Digital Platforms Inc. plans to strategically integrate with the Bittensor ecosystem to enhance its involvement in the artificial intelligence sector, pending necessary regulatory approvals [1][2][3] Group 1: Strategic Integration - The integration with Bittensor is expected to build on the Company's existing hardware-as-a-service business, enhancing its position at the intersection of high-performance computing and decentralized infrastructure [2] - The proposed operations include deploying validator nodes, developing AI-focused subnets, and staking TAO tokens, which aligns with the Company's AI infrastructure strategy [2][3] Group 2: Bittensor Overview - Bittensor is a decentralized blockchain protocol that facilitates open access to AI model training, validation, and coordination, secured by the TAO digital asset [3] - By joining the Bittensor network, the Company aims to expand its decentralized AI involvement and potentially earn income from infrastructure services and staking activities [3] Group 3: Strategic Highlights - The CEO of NextGen stated that entering the Bittensor ecosystem aligns infrastructure, capital, expertise, and digital assets with a leading decentralized AI network, viewing decentralized AI as a significant advancement in blockchain innovation [5] - The Company seeks to democratize access to the digital economy and deliver long-term shareholder value through its regulated structure and in-house platforms [5] Group 4: Planned Initiatives - NextGen plans to deploy branded AI validator nodes on the Bittensor network to contribute compute resources to decentralized AI systems [7] - The Company is evaluating the co-development of AI subnets focused on applications like data aggregation and predictive analytics, further embedding its infrastructure within economically useful AI services [7] - The operational strategy includes accumulating and staking TAO tokens to support validator uptime and maintain network access, viewing digital assets as productive infrastructure components [7]
NextGen Digital Files Preliminary Short Form Base Shelf Prospectus
Globenewswire· 2025-06-11 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has filed a preliminary short form base shelf prospectus to enhance financial flexibility, allowing potential future offerings of securities up to an aggregate price of $20 million over a 25-month period [1][2][3]. Group 1: Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform called PCSections.com and a hardware-as-a-service business for the artificial intelligence sector known as Cloud AI Hosting, both developed in-house [5]. - The company aims to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle [5]. - NextGen also plans to evaluate and potentially acquire or develop other micro-technology platforms [5]. Group 2: Financial Flexibility and Offerings - The preliminary base shelf prospectus allows the company to offer common shares, warrants, subscription receipts, debt securities, units, or any combination thereof [3]. - The specific terms of any future offerings, including the use of proceeds, will be detailed in a shelf prospectus supplement filed with Canadian securities regulatory authorities [3].
NextGen Digital Expands Cloud AI Hosting & Digital Infrastructure Operations & Provides Corporate Update
Globenewswire· 2025-06-05 11:30
Core Insights - NextGen Digital Platforms Inc. has expanded its fleet of computing workstations for its Cloud AI Hosting business, which has started generating revenue [1][2] - The addition of three new high-performance Nvidia GPU workstations increases the total active GPU fleet to five, enhancing operational cash flows and demand capture in the AI computing sector [2] - NextGen aims to expand into the digital asset ecosystem, including cryptocurrency mining and blockchain infrastructure, leveraging its existing expertise and asset base [3] Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform (PCSections.com) and a hardware-as-a-service business (Cloud AI Hosting) focused on the AI sector, both developed in-house [4] - The company plans to democratize access to cryptocurrencies by providing exposure to a diversified basket of digital assets through a regulated public vehicle [4] - NextGen is also considering the evaluation and acquisition of other micro-technology platforms to enhance its operational segments [4]
NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS
Globenewswire· 2025-05-08 22:53
Core Viewpoint - NextGen Digital Platforms Inc. has successfully completed the first tranche of its non-brokered private placement, raising gross proceeds of $935,510 through the issuance of 3,118,366 special warrants at a price of $0.30 each [2][3]. Group 1: Offering Details - The first tranche of the offering involved the issuance of 3,118,366 special warrants at a price of $0.30 per warrant, resulting in gross proceeds of $935,510 [2]. - The company plans to complete a second tranche of the offering in the following week [3]. - Finder's fees paid in connection with the first tranche included $5,390.70 in cash and 17,969 common share purchase warrants, each exercisable at $0.30 for a period of 24 months [3]. Group 2: Special Warrants Conversion - Each special warrant will automatically convert into one common share without additional consideration on the earlier of two dates: three business days after the filing of a prospectus supplement or four months and one day after the closing of the offering [4]. - The company aims to file the prospectus supplement within 60 days of the closing of the offering, although there is no guarantee that it will be filed before the statutory hold period expires [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for corporate development, marketing, and general working capital [6]. Group 4: Company Overview - NextGen Digital Platforms Inc. is publicly traded on the Canadian Securities Exchange, focusing on digital assets and artificial intelligence infrastructure [7]. - The company operates a hardware-as-a-service business supporting the AI sector, known as cloud AI hosting, providing advanced infrastructure solutions for AI-driven applications [7].