FingerMotion signs MOU with BlueFlare for Western Canada AI infrastructure

FingerMotion Inc has entered into a memorandum of understanding with BlueFlare Energy Solutions Inc to develop behind-the-meter artificial intelligence computing infrastructure across Alberta, British Columbia and Saskatchewan. The agreement positions FingerMotion to expand its presence in the North American AI infrastructure market, marking a strategic shift for the NASDAQ-listed company beyond its traditional focus on mobile services and technology solutions.

Under the terms of the contemplated arrangement, BlueFlare will serve as FingerMotion’s exclusive development partner within the designated territory. The energy solutions provider will manage site sourcing, project development, engineering, construction, operations and ongoing management of the high-performance computing facilities. FingerMotion will retain exclusivity with BlueFlare throughout the three provinces, although BlueFlare retains the right to pursue projects with other counterparties.

The proposed facilities will combine AI computing infrastructure with co-located bitcoin mining operations. Power for these sites will be sourced from dedicated natural gas generation rather than the electrical grid. This behind-the-meter approach is designed to provide greater control over power availability and energy costs, aiming to secure a competitive advantage over traditional grid-dependent data centre developments.

Martin Shen, chief executive officer of FingerMotion, stated that the cooperation framework establishes a credible Western Canadian foothold in the rapidly growing AI infrastructure market. The company views dedicated energy-backed facilities as an attractive opportunity within the expanding digital infrastructure sector, leveraging the region’s energy resources to support substantial computing requirements.

The companies have already identified two potential project locations for evaluation. They intend to use commercially reasonable efforts to finalise a commercial term sheet for at least one site within 90 days of executing the MOU. While most key commercial terms remain non-binding, provisions relating to exclusivity, confidentiality and dispute resolution are expected to become binding upon execution.

The initiative aligns with broader provincial efforts to attract significant investment in digital infrastructure. Alberta has set a goal to attract approximately C$100 billion in data centre investment by 2030, creating a favourable environment for new developments in the region.