FingerMotion Provides a Status Update on Its Recently Disclosed 99 MW Alberta Corridor, including Indications of Interest from Potential Offtakers for up to 52.5 MW.
Read the press release: bit.ly/4hpeuGy$FNGR
The Company is aware of the recent decline in FingerMotion's share price and has directed counsel to review the circumstances. Management remains focused on executing the business plan and will provide updates as warranted. $FNGR
$FNGR signs binding LOI for ~20.2 acres of powered land in Hanna, Alberta. 3 MW grid power available + natural gas interconnection for behind-the-meter generation. Planned 9.9 MW campus for AI/HPC clients, second in our 99 MW Alberta program. globenewswire.com/news-relea…
FingerMotion (Nasdaq: FNGR) is advancing a 99 MW behind-the-meter power and compute program in Alberta — ten 9.9 MW sites across four campuses, with permitting on all ten targeted by the end of Q1 2027.
globenewswire.com/news-relea…
FingerMotion (Nasdaq: FNGR) reported its first 30 days under new management:
– Approximately $5.1M cash on the balance sheet
– Monthly cash burn reduced by nearly 30%
– Legacy ATM facility terminated
Full release: globenewswire.com/news-relea…
FingerMotion has entered into a binding commitment to acquire the land rights and permitting for a 9.9 MW behind-the-meter power generation and compute site in the County of Newell, Alberta.
First site in the Brooks Campus Zone. No grid interconnection request, no transmission tariff, no interconnection queue.
globenewswire.com/news-relea…
The fastest megawatt to deploy is usually one that is already being produced somewhere, with no market to reach.
Gas that cannot reach a pipeline is not a supply problem. It is a distance problem.
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Lyken.AI, in which FingerMotion holds a 9.9% interest, has signed a non-binding MOU with Singapore-based Swarmnet Solutions.
Indicative framework: a 128-node NVIDIA B300 cluster for AI inference, five-year term.
Non-binding. Subject to funding and definitive agreements.
globenewswire.com/news-relea…
Enterprise inference. Tens of megawatts, sited where the data is permitted to live, sized to a load that runs continuously rather than in scheduled bursts.
Those are not the same build, the same customer, or the same power problem. Most of the capital and most of the commentary is aimed at the first one. Most of the unmet demand sits in the second.
#DataCenters
So firm generation isn't a philosophical position, it's a design requirement. Gas as the backbone, solar displacing fuel burn in daylight, storage for transients. Every renewable kWh is a kWh of fuel you don't buy.
#DataCenters
The honest caveat: this doesn't make gas-fired compute zero-carbon and we won't claim it does. It makes it lower-carbon than what it actually displaces. Different claim, more defensible one.
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