FingerMotion Inc. (NASDAQ: FNGR), Genius Group Limited (NYSE American: GNS) and BlueFlare Energy Solutions Inc. have announced binding agreements to establish GENIUSpark Alberta Inc., a joint venture focused on developing high-performance computing (HPC) data centers in Alberta, Canada. The announcement, detailed in a press release, marks a significant step for FingerMotion as it seeks to diversify beyond its core mobile payment and recharge platform business in China.
Under the agreement, FingerMotion will hold a 51% ownership stake in the venture, while Genius Group will hold 49%. The first project, Hanna Campus No. 1, is planned for a 20.2-acre site in east-central Alberta. The initial phase will deliver 2.4 megawatts (MW) of HPC capacity, supported by 3 MW of grid power and an option for additional natural gas generation. The $24.3 million project is expected to be financed through approximately $14.4 million in debt and $9.9 million in equity.
Construction is scheduled to begin in December 2026, with initial computing operations targeted for the second quarter of 2027, subject to financing, regulatory approvals and other closing conditions. At full capacity, the Hanna facility is designed to generate more than $24 million in annual revenue and will serve as a pilot for a broader Alberta expansion. GENIUSpark Alberta is targeting an initial 100 MW of HPC capacity, with a longer-term goal of 1 gigawatt, according to the release.
FingerMotion will oversee site acquisition, power infrastructure, construction and data center management alongside BlueFlare, while Genius Group will lead education, workforce development and community programs. Each site aims to contribute 10% of net profits to a locally governed community fund. The partners also intend to explore a potential public listing of GENIUSpark Alberta on the TSX or Nasdaq.
The venture represents a notable strategic shift for FingerMotion, which has built its business on mobile payment and recharge solutions in China. The company has said it hopes to serve over 1 billion users in the China market and eventually expand its model to other regions. By entering the HPC data center space, FingerMotion is positioning itself to capitalize on growing demand for computing infrastructure, though the project carries execution risks tied to financing and regulatory approvals.
For investors, the latest news and updates relating to FNGR are available in the company’s newsroom at https://nnw.fm/FNGR. The full press release can be viewed at https://nnw.fm/mJSBe.
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