FingerMotion (NASDAQ: FNGR) has provided an update on its Alberta power and compute development program, where it is advancing ten 9.9-megawatt behind-the-meter generation and data hall sites across four campuses in Brooks, Coronation, Fox Creek and Vulcan. The sites represent 99 megawatts of gross generation capacity in development and approximately 72 megawatts of aggregate continuous critical IT capacity. This development matters because it positions FingerMotion to capitalize on the surging demand for artificial intelligence (AI) and high-performance computing (HPC) infrastructure, a market that requires massive amounts of reliable power and specialized data center capacity.
The structure of the project is notable. FingerMotion is the sole shareholder of the dedicated Alberta project company for each site, with each project company holding title to the land, permits and site agreements. BlueFlare Group Holdings Inc. performs development, construction and site operations but holds no title to the project assets. This arrangement gives FingerMotion direct ownership and control over the underlying assets, which could simplify financing and future transactions while ensuring the company retains the value of the infrastructure it is developing.
FingerMotion is targeting completion of permitting for all 10 sites by the end of the first quarter of 2027, with site energization expected to begin in late fourth quarter 2026 and data hall turnover approximately 18 months after the applicable permit is awarded. The company plans to secure long-term take-or-pay agreements with AI and HPC customers before committing construction capital to individual sites. This disciplined approach reduces financial risk by aligning capital deployment with secured revenue, a critical consideration given the capital-intensive nature of power generation and data center construction.
Moreover, FingerMotion intends to begin permitting an additional 15 9.9-megawatt sites in the first quarter of 2027, expanding its campuses as customer demand requires. That would add 148.5 megawatts of potential gross generation capacity, bringing the total pipeline to nearly 250 megawatts. The company will provide the power and physical data center infrastructure while customers supply their own GPUs, servers, network equipment, transport and platform software. This division of responsibilities allows FingerMotion to focus on its core competency in infrastructure while customers manage the rapidly evolving technology stack, potentially accelerating deployment and reducing technological obsolescence risk.
The initiative represents a strategic pivot for FingerMotion, which is primarily known for its mobile payment and recharge platform solutions in China. By leveraging its expertise in building scalable platforms and its access to capital markets, the company aims to become a significant player in the North American data center and power market. The Alberta location is advantageous due to its abundant natural gas resources, supportive regulatory environment for behind-the-meter generation, and proximity to major fiber routes. For investors, this program could diversify revenue streams and provide exposure to the high-growth AI infrastructure sector. However, execution risks remain, including permitting delays, construction cost overruns, and the challenge of securing long-term customers in a competitive market. The company’s progress will be closely watched as a test of its ability to transition from a mobile technology provider to an energy and compute infrastructure developer.
To view the full press release, visit https://ibn.fm/GG5tK. The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR.
