other material
confidence high
sentiment neutral
materiality 0.70
FingerMotion outlines AI data center plan with BlueFlare; closes 9.9% Lyken stake
FingerMotion, Inc.
- Acquired 9.9% equity in Lyken AI Computing on Aug 17, 2026 for 1,674,480 restricted shares, no cash; Alset AI retains 90.1%.
- New CEO Jolie Kahn (appointed Aug 4) unveiled strategy to build behind-the-meter, gas-fired modular data centers in Canada/US with BlueFlare.
- BlueFlare MOU (June 9, 2026) covers Alberta, BC, Saskatchewan; sites are low- to mid-single-digit MW, scaling in 1-2 MW increments.
- No signed contracts yet: no site control, power, customer offtake, or project financing announced; four milestones defined for investors.
- Lyken-Swarmnet MOU (Aug 24) for 128-node NVIDIA B300 cluster is non-binding and belongs to Lyken, not FingerMotion.