FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has noted that its investee, Lyken AI Computing Inc. (Lyken.AI), has entered into a non-binding memorandum of understanding (MOU) with Singapore-based SWARMNET SOLUTIONS PTE. LTD. The MOU outlines an indicative framework under which Lyken would lease, host, manage, and/or otherwise make available a 128-node NVIDIA B300 AI compute cluster to Swarmnet for inference workloads, along with token optimization services and related commercial arrangements.
This development is significant for FingerMotion as it underscores the company's strategic pivot into the high-growth AI infrastructure sector. FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000, which closed on Aug. 17, 2026. The contemplated arrangement calls for an indicative five-year term, but remains subject to Lyken securing sufficient funding, execution of definitive agreements, and other conditions. Aggregate indicative revenues are to be determined and disclosed upon execution of definitive agreements.
The MOU signals potential revenue generation for Lyken and, by extension, FingerMotion's minority stake. The AI compute market is rapidly expanding, and securing a client like Swarmnet for inference workloads could position Lyken as a key player in providing specialized AI infrastructure. For FingerMotion, this aligns with its broader vision of leveraging its core competencies in mobile payment and recharge platforms to diversify into value-added technologies.
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.
The potential deal with Swarmnet is a testament to Lyken's ability to attract international clients and underscores the viability of its business model. However, it is crucial to note that the MOU is non-binding, and there is no guarantee that definitive agreements will be executed. The company has not disclosed the financial terms, and investors should be cautious about the speculative nature of such agreements.
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