FingerMotion (NASDAQ: FNGR) said its wholly owned subsidiary, Brooks Campus No. 1 Inc., has entered into a nonbinding letter of intent and expression of interest with Cascadia Industries Ltd., doing business as Cascadia Power, for up to 7 megawatts (MW) of liquid-cooled colocation capacity at Brooks Campus #1 in Alberta, Canada. The proposed arrangement, involving a client represented by Cascadia, could generate more than $100 million in contracted revenue over an initial five-year term if definitive agreements are executed. The announcement matters because it marks a potential expansion of FingerMotion's business beyond its core mobile payment and recharge platform solutions in China and into the artificial intelligence infrastructure market.
The natural gas-powered artificial intelligence (AI) and high-performance computing (HPC) facility is being developed and operated by BlueFlare Energy Solutions Inc. and is designed to support NVIDIA GB300 NVL72-class infrastructure. Under the proposed terms, initial capacity would become available six months after execution of a binding agreement, with full capacity targeted within 12 to 14 months. Once fully operational, the facility is expected to generate approximately $20 million to $25 million in annual revenue. The prospective client would also have an option for an additional 3 MW at a nearby second site. The expression of interest includes a 30-day exclusivity period for negotiations and advances FingerMotion's previously announced 99 MW Alberta power and computing program. The company cautioned that there is no assurance definitive agreements will be reached or that the contemplated capacity will be contracted.
For readers and investors, the nonbinding nature of the letter of intent means the revenue potential remains contingent on further negotiations and execution. However, the scale of the proposed deal, if finalized, could significantly diversify FingerMotion's revenue base and position it in the growing AI infrastructure sector. The full press release can be viewed at https://ibn.fm/oztHz, and the latest news and updates relating to FNGR are available in the company's newsroom at https://ibn.fm/FNGR. The announcement was distributed through TechMediaWire, a specialized communications platform focused on pioneering public and private companies driving the future of technology. TechMediaWire is one of 75+ brands within the Dynamic Brand Portfolio at IBN, which provides wire solutions via InvestorWire and other services. Full terms of use and disclaimers are available at https://www.TechMediaWire.com/Disclaimer.
