FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has noted that Lyken AI Computing Inc., operating as Lyken.AI, entered into a non-binding memorandum of understanding (MOU) with Singapore-based SWARMNET SOLUTIONS PTE. LTD. 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 development is significant for FingerMotion as it holds a 9.9% interest in Lyken, acquired in an all-stock transaction valued at $500,000 that closed on Aug. 17, 2026. The contemplated arrangement calls for an indicative five-year term, but 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.
For investors, this MOU signals FingerMotion's strategic push into AI infrastructure, a sector with high growth potential. By partnering with Lyken, FingerMotion gains exposure to the burgeoning demand for AI compute power, particularly for inference workloads, which are critical for deploying AI models at scale. The NVIDIA B300 cluster is a state-of-the-art system designed for high-performance computing, and its deployment could position Lyken as a key player in the AI-as-a-service market.
The potential impact on FingerMotion's business model is substantial. While the company's core competency lies in mobile payment and recharge platform solutions in China, expanding into AI compute could diversify revenue streams and tap into a global market that is projected to grow exponentially. The MOU with Swarmnet, a Singapore-based firm, also suggests international reach, which could open doors for cross-border collaborations.
However, the non-binding nature of the MOU and the conditions attached—such as securing funding—mean that the deal is not yet finalized. Investors should watch for definitive agreements and revenue disclosures, which will provide clearer insight into the financial implications. The success of this venture will depend on Lyken's ability to secure the necessary capital and execute the project, as well as on market demand for AI inference services.
FingerMotion's investment in Lyken is part of a broader strategy to evolve from a mobile services provider into a technology company with a diversified portfolio. The company aims to grow its user base in China to over 1 billion, and AI compute services could complement its existing offerings, potentially driving higher engagement and value for shareholders.
For more information, the full press release is available at https://nnw.fm/CvbYm. Latest news on FingerMotion can be found at https://nnw.fm/FNGR.
