FingerMotion (NASDAQ: FNGR) announced that 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 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. To view the full press release, visit https://ibn.fm/oztHz.
For FingerMotion, the LOI represents a potential expansion beyond its core mobile payment and recharge platform business in China. The company’s vision is to rapidly grow its user base and develop an ecosystem of highly engaged users, and it eventually hopes to serve over 1 billion users in the China market and expand the model to other regional markets. The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR.
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