FingerMotion Inc (FNGR) News & EventsFNGRNews & EventsFingerMotion Inc

FingerMotion Plans Modular AI Compute Infrastructure Expansion in North America

The letter said, "Artificial intelligence is driving demand for computing capacity faster than the power grid can deliver. Conventional data centers take years to build and interconnect. FingerMotion intends to address this gap with modular, behind-the-meter compute infrastructure in North America-capacity built in stages, sited where power already exists, and matched to visible demand. Since becoming Chief Executive Officer earlier this month, I have been working with our Board, management team and strategic partners to establish a disciplined path into the enterprise AI and compute-infrastructure market while preserving and strengthening FingerMotion's existing business. This letter outlines the opportunity we see and the measured approach we intend to take. The Board and management take their fiduciary duties seriously. Every decision is evaluated against the long-term interests of the Company and all its shareholders. Our approach emphasizes commercial validation, prudent financing, clear contractual rights, and disciplined capital deployment. We will not pursue growth merely to announce larger projects. FingerMotion continues to operate its mobile data, payment, and recharge platform business in China. Management remains focused on improving efficiency, cash conversion, and profitability of that platform. Our primary focus is a deliberate expansion into modular AI and high-performance computing infrastructure in North America. Rather than a single multibillion-dollar hyperscale campus, we are evaluating smaller, modular facilities that can be deployed incrementally in response to contracted or demonstrable customer demand. This approach is intended to reduce initial development risk and shorten timelines compared with traditional hyperscale projects. A central element is access to reliable, economically attractive power. In Western Canada, we are evaluating behind-the-meter facilities located near natural-gas resources, allowing electricity to be generated and consumed on site rather than transmitted through the public grid. If successful, this model can provide greater control over power availability and cost while avoiding many grid-interconnection delays. Our first step in the execution of our plan was the recent acquisition of a 9.9% interest in Lyken AI Computing Inc. Lyken provides access to outsourced cloud-compute capacity and is developing an integrated enterprise offering that spans compute infrastructure, secure storage, private low-latency networking, and deployment support. Many enterprise customers need more specialized infrastructure than retail colocation provides yet lack the scale to contract directly with hyperscale operators. That underserved segment is one of the markets we intend to address. Progress will be measured against specific operating and commercial milestones, including: Continued execution and improved cash management in our existing business; Completion of technical, legal, and financial due diligence on the initial project; Negotiation of definitive site, equipment, hosting, power, and construction agreements; Development of a detailed capital budget, deployment schedule, and AI hardware procurement plan; Confirmation of network connectivity, permitting, and regulatory requirements; Securing customers or commercially supportable indications of demand before committing substantial capital; and Integration of Lyken's enterprise-compute capabilities and customer pipeline into the broader strategy..."

FingerMotion Reports 50% Revenue Growth

FingerMotion (FNGR)…

FingerMotion Acquires 9.9% Stake in Lyken.AI

FingerMotion announced that it has entered into a share purchase agreement with Alset AI Ventures and Lyken AI Computing, operating as Lyken.AI, pursuant to which FingerMotion is acquiring 99,000 common shares of Lyken from Alset AI, representing 9.9% of Lyken's 1,000,000 issued and outstanding common shares immediately prior to closing, for a purchase price of $500,000 payable solely in common stock of the company. Final closing of the transaction is subject to approval of the TSXV on behalf of Alset AI. The transaction marks FingerMotion's formal entry into the enterprise computing market and is the first step in a broader strategy to build a recurring-revenue enterprise compute franchise alongside the Company's existing mobile data and telecommunications operations. At final closing, FingerMotion shall issue to Alset AI 1,674,480 FingerMotion restricted common shares determined by dividing $500,000 by the sum of the Nasdaq Official Closing Price of one FingerMotion common share on the trading day immediately preceding the closing date and $0.01, with any fractional share rounded down to the nearest whole share. The FingerMotion shares are to be issued in a private placement transaction, exempt from registration, under Section 4 of the Securities Act of 1933, as amended. No cash consideration is payable by FingerMotion at closing. Following closing, Alset AI is expected to retain 90.1% of Lyken.