FingerMotion agrees partnership for AI compute sites in western Canada

FingerMotion Inc. (NASDAQ: FNGR) announced it has agreed to enter into a memorandum of understanding with BlueFlare Energy Solutions Inc. for developing behind-the-meter AI compute infrastructure across Alberta, British Columbia and Saskatchewan.

The contemplated MOU would establish BlueFlare as FingerMotion's exclusive development partner in the three Canadian provinces. The companies have identified two initial sites for evaluation, with plans to use commercially reasonable efforts to negotiate a commercial term sheet for at least one site within 90 days of executing the MOU.

Under the proposed arrangement, BlueFlare would handle site origination, development management, design, engineering, construction and ongoing operations for high-performance computing sites integrated with co-located bitcoin mining operations. The sites would use natural gas-powered generation rather than drawing from the electrical grid.

"The cooperation framework we are establishing with BlueFlare gives FingerMotion a credible Western Canadian foothold in the rapidly growing North American AI infrastructure market," said Martin Shen, Chief Executive Officer of FingerMotion.

The MOU would be substantially non-binding regarding principal commercial terms, which would require separate definitive agreements. However, certain provisions including exclusivity, confidentiality and dispute resolution would be binding once executed.

FingerMotion would have exclusivity with BlueFlare across the territory, though BlueFlare could continue pursuing projects with other parties. The arrangement aligns with Alberta's goal of attracting C$100 billion in data center investment by 2030.

FingerMotion is a mobile services and technology company expanding into North American AI and high-performance computing infrastructure. The company believes behind-the-meter natural gas generation could provide advantages over grid-dependent development by offering greater control over energy costs and power availability.

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