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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.

Genius Group and FingerMotion Sign Agreement to Build GENIUSpark Alberta

Genius Group (GNS), FingerMotion (FNGR) and BlueFlare Energy Solutions announced that they have signed binding agreements to form GENIUSpark Alberta and to build its first site, Hanna Campus No. 1. GENIUSpark Alberta will be formed under a binding joint venture and shareholder agreement with Genius Group holding 49% and FingerMotion holding 51% of the initial issued share capital. The total project cost for Hanna is estimated at $24.3M, targeted to be funded with about $14.4M of non-recourse project debt and $9.9M of equity contributed in proportion to the partners' ownership. The site plans to launch a first phase of 3 MW of grid power and 2.4 MW of high-performance computing capacity running 432 GPU servers. Construction is planned to begin in December, with first compute targeted for Q2 2027. At full capacity, Hanna is designed to generate more than $24M in annual revenue. GENIUSpark Alberta targets an initial 100 MW of high-performance computing capacity and a stretch goal of 1 GW. Closing is subject to customary conditions, including completion of the land purchase, the grid connection agreement, project financing and regulatory approvals. "Today we are pleased to have signed our first joint venture to build the GENIUSpark model in Alberta," said Roger James Hamilton, founder and CEO of Genius Group.

Genius Group Reports Q3 Revenue of $4.1M

Reports Q3 operational revenue of $4.1M vs. $2.3M last year, representing an increase of 81%. The change in revenue was driven by growth across the company's three business units including Genius School, Genius Academy and Genius Resorts. Gross profit grew 108% to $2.7M from $1.3M, with gross margin expanding to 66.1% from 57.3%. Net profit from operations was $235K vs. ($1.2M) last year. EBITDA was $261K vs. ($742K) last year. This marked the third consecutive quarter of net profit from operations, with nine-month revenue of $10.3M, up 112% from $4.9M, and nine-month net profit from operations of $6.7M. "Now that we have built a profitable $10 million scalable model over the last nine months, we are now commencing our plans to scale our Genius City model globally towards our target of 100 Genius Cities," said Roger James Hamilton, founder and CEO.