FingerMotion is in discussions with multiple natural gas suppliers and midstream counterparties regarding possible firm supply arrangements to support generation at its Alberta corridor sites.

The company has entered into a non-binding three-party memorandum of understanding with Lyken.AI and BlueFlare. This agreement aims to operationalize Lyken as the customer-facing demand layer under FingerMotion’s existing BlueFlare development framework.

Supply Discussions

FingerMotion noted that natural gas supply discussions are ongoing for behind-the-meter generation projects targeted at specific sites within Alberta corridors. The topics in discussion include terms, volume, delivery points, and pricing mechanisms.

No definitive commercial, supply, offtake, or financing agreements have been executed regarding these generation plans.

Key Terms and Status

• The MOU with Lyken.AI and BlueFlare is non-binding in nature.
• Lyken will serve as the customer-facing demand layer.
• The framework relies on FingerMotion’s existing BlueFlare development structure.

FingerMotion Inc (NASDAQ: FNGR) shares fell 23.02% to $0.31 in Monday’s premarket trading, giving back a portion of the 190.31% surge recorded on Friday.

The pullback follows the company’s announcement of a strategic pivot into behind-the-meter artificial intelligence data center infrastructure in North America. Management described Monday’s decline as a volatility reset rather than a trend change, noting that micro-cap names often experience exaggerated swings due to thin liquidity before market open.

Strategic Partnership with BlueFlare

FingerMotion selected BlueFlare Energy Solutions Inc as its primary development partner across Alberta, British Columbia, and Saskatchewan. The collaboration leverages BlueFlare’s “From Wellhead to Workload” platform and its proprietary BALA (BlueFlare Adaptive Load Architecture) load-following technology.

Under the framework announced on June 9, 2026, BlueFlare will handle site origination, design, engineering, construction, and ongoing support for HPC inference sites integrated with co-located bitcoin mining. The BALA technology routes available power in real time between AI inference and bitcoin mining, keeping generated power productive when inference demand does not utilize full capacity.

Lyken AI Investment as First Step

The first executed step under new management closed on August 17, 2026, when FingerMotion acquired a 9.9% equity interest in Lyken AI Computing Inc from Alset AI Ventures Inc. Consideration was $500,000 in an all-stock transaction involving 1,674,480 restricted common shares of FingerMotion. Alset AI retains a 90.1% controlling interest in Lyken.

Lyken provides outsourced cloud-compute capacity and an integrated enterprise offering spanning compute infrastructure, secure storage, private low-latency networking, and deployment support. This positions Lyken as the customer-facing layer between retail colocation and hyperscale operators, serving the mid-market segment FingerMotion intends to target.

On August 24, 2026, Lyken signed a non-binding memorandum of understanding with Singapore-based SWARMNET SOLUTIONS PTE. LTD. covering an indicative framework for a 128-node NVIDIA B300 cluster and related token-optimization services. This MOU remains non-binding and subject to funding and definitive agreements.

Market Context and Grid Constraints

The strategy addresses significant grid constraints in North America. In Canada, Alberta received requests to connect roughly 19,565 megawatts of new data center load but allowed only 1,200 megawatts. Under the Data Centre Regulation in force since June 2026, Alberta now prioritizes projects that pair demand with dedicated new generation. British Columbia replaced its interconnection queue with a competitive auction, while Ontario has restricted large-load connections.

In the United States, ERCOT’s large-load queue is approximately 238 gigawatts, mostly data centers, with a request-to-operating conversion rate in the low single digits. PJM wait times run far past federal interconnection targets, suggesting many queued projects may never energize.

Execution Milestones

Management outlined four categories for investors to measure progress toward operational assets:

Leadership and Existing Operations

Jolie Kahn, who became CEO earlier this month, highlighted her background in digital asset treasuries and Bitcoin mining legal counsel. Chris Polimeni recently joined as Chief Financial Officer, bringing over 35 years of experience in mergers, acquisitions, and SEC reporting.

FingerMotion continues to operate its mobile data, payment, and recharge platform business in China. Management plans to deploy recent financing proceeds in stages, aligning expenditures with completed diligence and binding commercial arrangements for the new infrastructure strategy.

What the Numbers Show

The acquisition of a 9.9% stake in Lyken AI for $500,000 represents a minority interest, indicating FingerMotion is testing the enterprise compute market without assuming full operational control or balance sheet risk initially. This aligns with the stated emphasis on commercial validation before committing substantial capital to physical infrastructure projects. The all-stock nature of the transaction preserves cash for future project development while securing a foothold in the demand-side platform.