FingerMotion Inc. (NASDAQ: FNGR) announced that its wholly owned subsidiary, Brooks Campus No. 1 Inc., has entered into a nonbinding letter of intent and expression of interest with Cascadia Industries Ltd., doing business as Cascadia Power, for up to 7 megawatts (MW) of liquid-cooled colocation capacity at Brooks Campus #1 in Alberta, Canada. The proposed arrangement, involving a client represented by Cascadia, could generate more than $100 million in contracted revenue over an initial five-year term if definitive agreements are executed. The natural gas-powered artificial intelligence (AI) and high-performance computing (HPC) facility is being developed and operated by BlueFlare Energy Solutions Inc. and is designed to support NVIDIA GB300 NVL72-class infrastructure.
Under the proposed terms, initial capacity would become available six months after execution of a binding agreement, with full capacity targeted within 12 to 14 months. Once fully operational, the facility is expected to generate approximately $20 million to $25 million in annual revenue. The prospective client would also have an option for an additional 3 MW at a nearby second site. The expression of interest includes a 30-day exclusivity period for negotiations and advances FingerMotion’s previously announced 99 MW Alberta power and computing program. The company cautioned that there is no assurance definitive agreements will be reached or that the contemplated capacity will be contracted.
The announcement matters because it signals FingerMotion’s strategic move into the AI infrastructure space, leveraging its Alberta power program to potentially secure significant long-term revenue. If definitive agreements are reached, the deal could provide a substantial boost to FingerMotion’s financial outlook, with annual revenue from the facility alone estimated at $20 million to $25 million. The involvement of NVIDIA GB300 NVL72-class infrastructure underscores the facility’s focus on cutting-edge AI computing, which is in high demand. The 30-day exclusivity period suggests negotiations are progressing, though the nonbinding nature of the LOI carries inherent risks. Investors can find more details in the full press release at https://ibn.fm/oztHz and stay updated on FNGR news at https://ibn.fm/FNGR.
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.
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