FingerMotion (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, announced that its investee, Lyken AI Computing Inc. ("Lyken.AI"), has entered into a non-binding memorandum of understanding ("MOU") with Singapore-based SWARMNET SOLUTIONS PTE. LTD. ("Swarmnet"). The MOU outlines an indicative framework under which Lyken would lease, host, manage, and/or otherwise make available a 128-node NVIDIA B300 AI compute cluster to Swarmnet for inference workloads, along with token optimization services and related commercial arrangements.
This MOU is a significant step for Lyken.AI as it seeks to establish a foothold in the rapidly growing AI infrastructure market. The proposed five-year term and the scale of the cluster—128 nodes of NVIDIA's latest B300 GPUs—underscore the potential size and strategic importance of the deal. However, the arrangement remains subject to Lyken securing sufficient funding, execution of definitive agreements, and other conditions. Aggregate indicative revenues are to be determined and disclosed upon execution of definitive agreements.
FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000 that closed Aug. 17, 2026. This investment aligns with FingerMotion's broader strategy to diversify its revenue streams beyond its core mobile payment and recharge platform in China. By leveraging Lyken's AI compute capabilities, FingerMotion aims to tap into the surging demand for high-performance computing resources driven by AI advancements.
The AI compute market is projected to grow exponentially in the coming years, with enterprises increasingly requiring robust infrastructure for inference workloads. Lyken's potential provision of token optimization services alongside compute resources offers a differentiated value proposition, potentially enhancing efficiency and cost-effectiveness for clients like Swarmnet. This could position Lyken as a key player in the AI-as-a-service space.
For FingerMotion, this development could provide a new avenue for growth, potentially contributing to its long-term vision of serving over 1 billion users in the China market and expanding to other regions. The company's core business remains focused on mobile payments and recharge platforms, but this venture into AI infrastructure could open new opportunities and strengthen its ecosystem.
Investors should note that the MOU is non-binding, and there is no guarantee that a definitive agreement will be reached. The final terms, including revenue figures, will be crucial to assess the financial impact on Lyken and, by extension, FingerMotion. The need for Lyken to secure funding also introduces an element of uncertainty.
Despite these caveats, the MOU signals a proactive approach by FingerMotion to capitalize on emerging technological trends. As AI continues to permeate various industries, the demand for specialized compute clusters is likely to rise, making this a timely move. The full press release can be viewed at https://nnw.fm/CvbYm.
FingerMotion's latest news and updates are available in the company's newsroom at https://nnw.fm/FNGR.
