FingerMotion Inc. (NASDAQ: FNGR) announced that it and BlueFlare Energy Solutions are in advanced discussions regarding commercial terms for the first of two proposed behind-the-meter AI compute projects identified under their previously announced memorandum of understanding. The initial project is a roughly 600-kilowatt Alberta facility that currently uses natural gas that would otherwise be flared to power bitcoin mining operations, with plans to redevelop the site into an AI inference facility supported by new on-site power generation, battery energy storage and high-performance computing infrastructure.
Under the proposed framework, AI inference would serve as the site’s primary revenue driver, while bitcoin mining would be retained as a load-balancing mechanism to maximize utilization of on-site power generation. The facility would use BlueFlare’s proprietary BALA load-management platform to dynamically allocate power between AI and bitcoin mining workloads and is designed to avoid common development delays by operating independently of grid interconnection and fiber infrastructure. The parties noted that discussions remain preliminary and non-binding, and no commercial term sheet or definitive agreement has yet been executed.
The partnership highlights a growing trend of repurposing energy-intensive bitcoin mining sites for AI computing, which demands reliable and low-cost power. For FingerMotion, known for its mobile payment and recharge platform solutions in China, this move represents a strategic diversification into the AI infrastructure space. The company's core business focuses on building a user ecosystem in China, but the BlueFlare partnership allows it to tap into North American energy markets. The use of flare gas—a byproduct of oil and gas extraction that is often wasted—could also appeal to investors and regulators focused on sustainability.
If successful, the Alberta site could serve as a template for converting other bitcoin mining facilities into AI compute hubs, potentially accelerating the deployment of AI infrastructure without requiring new grid connections. This could lower barriers for AI companies seeking localized computing power. However, the non-binding nature of the discussions means that final terms and execution remain uncertain. FingerMotion will need to secure financing and regulatory approvals to proceed. The full press release is available at https://ibn.fm/mTXyo.
