FingerMotion (NASDAQ: FNGR) entered into a non-binding memorandum of understanding with Lyken AI Computing Inc., operating as Lyken.AI, and BlueFlare Energy Solutions Inc. to establish a preferred, non-exclusive framework for matching enterprise artificial intelligence (“AI”) and high-performance computing (“HPC”) demand with potential modular behind-the-meter (“BTM”) capacity evaluated or developed under FingerMotion’s existing BlueFlare alliance. Initially focused on Alberta, British Columbia and Saskatchewan, the framework contemplates FingerMotion as owner-operator and project sponsor, BlueFlare as the Western Canadian development partner and Lyken as the customer-facing demand and managed-services layer. The company said its BlueFlare relationship has progressed from a single-project discussion to a multi-site development program and it is in discussions with multiple natural gas suppliers and midstream counterparties regarding potential firm supply arrangements for planned BTM generation. No definitive gas supply agreement, capacity commitment, customer contract, project financing or expected revenue has been established, and projects will be evaluated individually subject to financing, site control, supply, customer commitments, regulatory approvals and other conditions.
To view the full press release, visit https://ibn.fm/iZjp6
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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