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FingerMotion Signs Second Agreement with Genius Group
FingerMotion (FNGR), together with Genius Group (GNS) and BlueFlare, announced that they have signed a second binding agreement, with a joint venture agreement for the Brooks Corridor Campus Program, covering up to 100 MW of powered land and colocation campuses in Alberta, together with a project agreement for its first site, Brooks Campus No. 1. The agreements build on the partners' October 27 announcement of GENIUSpark Alberta and its first AI compute site at Hanna, and bring Genius Group into a second layer of FingerMotion and BlueFlare's recently announced Alberta build-out: the powered land and colocation on which high-performance computing companies run their own compute.
FingerMotion Subsidiary Enters LOI with Cascadia, Expected Revenue Over $100M
FingerMotion announced that Brooks Campus No. 1 Inc., its wholly owned subsidiary, has entered into a non-binding Letter of Intent and Expression of Interest with Cascadia Industries, doing business as Cascadia Power, acting for itself and on behalf of a colocation client it represents, regarding up to 7 MW of critical IT liquid-cooled colocation capacity at Brooks Campus #1 in the County of Newell, Alberta. Based on the commercial terms contemplated under the Expression of Interest, the arrangement is expected to generate in excess of $100M in contracted revenue over an initial five-year term if definitive agreements are reached. Brooks Campus #1 is a behind-the-meter, natural gas-powered AI/HPC data center located approximately 3.6 km northeast of the Hamlet of Tilley, adjacent to the Bantry gas plant. BlueFlare Energy Solutions is the developer, EPC contractor and operator of the Facility. The capacity is designed for NVIDIA GB300 NVL72-class infrastructure with liquid cooling. Under the Expression of Interest, Cascadia has advised that the Client is interested in contracting up to 7 MW of firm critical IT capacity to be delivered in tranches at Brooks Campus #1. The contemplated schedule targets an initial Ready-for-Service date for the first tranche six months from the effective date of a subsequent binding agreement, with the site expected to reach its full capacity within 12 to 14 months. When fully operational, estimated annual revenue is approximately $20 to $25M per year, supporting contracted revenue in excess of $100M over the initial five-year term. The Client would also have an election right for an additional 3 MW of Expansion Capacity at a nearby second site that shares gas supply, fiber and staff. The Expression of Interest includes a 30-day exclusivity period during which the parties will negotiate in good faith toward a binding letter of intent and definitive colocation agreements, subject to customary conditions, diligence, and execution of definitive documentation.
FingerMotion Trading Resumes
FingerMotion trading resumes
FingerMotion Enters Non-Binding Term Sheet with BlueFlare
FingerMotion announced that it has entered into a non-binding term sheet with BlueFlare, regarding a potential business combination. The combined company will be a North American infrastructure business focused on delivering firm power to enterprises that need high-performance computing capacity. Under the terms of the non-binding term sheet, BlueFlare shareholders and certain management and advisory parties are expected to hold approximately 80% of the combined company on a fully diluted basis. Jolie Kahn is expected to lead BlueFlare as CEO, president and chair of the board. Landon Ruszkowski is expected to continue as president and CEO of BlueFlare Canada. Christopher Polimeni is expected to continue as CFO. Upon completion of the proposed business combination, FingerMotion will change its name to BlueFlare and trade on Nasdaq under the ticker symbol (BFLR). Completion of the proposed business combination is subject to the negotiation and execution of a definitive merger agreement and other customary closing conditions, including approval by the stockholders of FingerMotion and the shareholders of BlueFlare, the successful fulfillment of the capital needs of the combined entity, third-party valuations and applicable regulatory and trading market approvals. There can be no assurance that a definitive agreement will be entered into, or that the proposed transaction will be completed on the terms described or at all.
FingerMotion Trading Halted, News Pending
FingerMotion trading halted, news pending
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