FingerMotion Secures 9.9 MW Powered Land Site in Alberta for AI Compute
FNGR sits 27% above its 52-week low of $0.15 on light trading volume (0.1× avg).
Summary
FingerMotion has signed a binding MOU to acquire land rights and permitting for a 9.9 MW behind-the-meter natural gas power generation and compute site in Alberta's Brooks Campus Zone. The site avoids grid interconnection and transmission bottlenecks, with permitting targeted within 120 days. This is the first concrete step in the company's pivot toward AI/HPC infrastructure, following a 92% revenue collapse in its legacy telecom business and a series of dilutive financings. The deal leverages BlueFlare's Alberta-based development and operations expertise. While no capacity is yet in service and funding remains uncertain, the acquisition establishes a tangible asset in a strategically scarce market. Watch for permit approvals and any offtake agreements that would trigger phase two energization.
At the time of this announcement, FNGR was trading at $0.19 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $14.3M. The 52-week trading range was $0.15 to $2.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.