FingerMotion (NASDAQ: FNGR) announced that its wholly owned subsidiary, Hanna Campus #1 Inc., has entered into a binding letter of intent to acquire approximately 20.2 acres of industrial land in Hanna, Alberta. The acquisition is intended for the development of a planned 9.9 MW artificial intelligence (AI) and high-performance computing (HPC) site. This move marks a significant step in FingerMotion's strategic expansion into the AI and HPC infrastructure sector, leveraging its existing expertise in mobile payment and recharge platform solutions in China.
The Hanna Campus #1 is the second campus under FingerMotion's previously announced Alberta program, which targets approximately 99 MW across its Brooks, Coronation, Fox Creek, and Vulcan Zones. The site has 3 MW of grid power available through an agreement with the Town of Hanna, as well as a natural gas interconnection through ATCO Energy to support behind-the-meter generation. These power arrangements are critical for the energy-intensive demands of AI and HPC operations. FingerMotion intends to contract capacity to AI and HPC clients under long-term agreements before committing construction capital, with BlueFlare Group Holdings Inc. serving as development partner across the 99 MW program. The company expects permitting, power, and design for each campus to take approximately 120 to 180 days. For the full press release, visit https://nnw.fm/qU9Z4.
The acquisition is significant because it positions FingerMotion to capitalize on the surging demand for AI and HPC capacity, which requires substantial power and specialized infrastructure. By securing land and power agreements, the company is laying the groundwork to become a provider of high-performance computing resources. This diversification could open new revenue streams and reduce reliance on its core mobile payment business, which is concentrated in China. The Alberta program's phased approach, with multiple campuses targeting 99 MW, demonstrates a scalable strategy to meet growing global demand. For investors, the latest news and updates relating to FNGR are available in the company's newsroom at https://nnw.fm/FNGR.
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