FingerMotion Advances 99 MW Behind-the-Meter Power and Compute Development Program in Alberta
FingerMotion details a 99 MW Alberta power-and-compute build-out plan but remains pre-contract and pre-construction with multiple disclosed execution risks.
Rhea-AI Summary
FingerMotion (FNGR) outlined progress on a 99 MW behind-the-meter power and data hall development program in Alberta across ten 9.9 MW sites.
The projects are grouped into four campuses in Brooks, Coronation, Fox Creek and Vulcan, each held in a dedicated project company wholly owned by FingerMotion, which retains all project-level economics, land, permits and site agreements. BlueFlare Group handles development, construction and operations without owning project assets. FingerMotion aims to complete permitting for all ten sites by end of first quarter 2027, start energizing sites in late fourth quarter 2026, and contract capacity to AI and high-performance computing customers under long-term take-or-pay agreements before committing construction capital. The company also plans to seek permits for an additional fifteen 9.9 MW sites starting in first quarter 2027.
Positive
- 99 MW of gross behind-the-meter generation capacity in development across ten 9.9 MW sites
- Each site owned via a wholly owned project company, with FingerMotion retaining all project-level economics
- Program targets approximately 72 MW of aggregate continuous critical IT capacity once permitted
- Plan to enter permitting on a further 15 x 9.9 MW sites beginning in first quarter 2027
Negative
- No customer offtake agreements executed; long-term take-or-pay contracts remain unsecured
- Permitting for all ten sites only targeted by end of first quarter 2027, not yet achieved
- Project depends on securing financing, land acquisitions, permits and gas supply on acceptable terms
- Company highlights risks from Alberta regulatory changes, commodity prices and competition that could impact the program
News Explained
The 99-megawatt program has no executed customer offtake, leaving commercial commitments and construction deployment unsettled.
The Alberta program remains in development, and no customer offtake agreement has been executed; the planned capacity therefore has no disclosed customer contract yet.
The planned operating model separates infrastructure from compute services: FingerMotion would provide land, power, cooling, halls and site operations, while customers provide GPUs, servers, networking and platform software; the company says it is not a cloud provider or GPU-as-a-service operator.
Details
Market Reaction – FNGR
Following this news, FNGR has gained 1.59%, reflecting a mild positive market reaction. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $0.15.
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Key Figures
- Development sites
- 10 sites
- Alberta program
- Gross generation capacity
- 99 megawatts
- Ten 9.9 MW sites in development
- Continuous critical IT capacity
- approximately 72 megawatts
- Aggregate capacity across the program
- Permitting target
- end of the first quarter of 2027
- All ten sites
- Energization target
- late fourth quarter 2026
- Planned start for site energization
- Data hall turnover
- approximately 18 months
- From award of the applicable permit
- Additional planned sites
- fifteen 9.9 megawatt sites
- Permitting to begin in the first quarter of 2027
Historical Context
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Binding commitment covered land rights and permitting for a first 9.9 MW Alberta site
-
Non-binding framework linked AI demand to potential Alberta compute capacity without commitments
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Strategic plan introduced behind-the-meter modular AI and HPC expansion with BlueFlare
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
behind-the-meter technical
take-or-pay agreements financial
high-performance computing technical
white space technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company to own each project vehicle and all project-level economics across a coordinated program of ten 9.9 MW sites
WEST PALM BEACH, Fla., Sept. 15, 2026 (GLOBE NEWSWIRE) -- FingerMotion, Inc. (Nasdaq: FNGR) (“FingerMotion” or the “Company”) today provided an update on its Alberta power and compute development program. The Company is advancing ten 9.9 megawatt behind-the-meter generation and data hall sites grouped into four campuses in Brooks, Coronation, Fox Creek and Vulcan, Alberta, representing 99 megawatts of gross generation capacity in development.
Each site is being developed in a dedicated Alberta project company. FingerMotion is the sole shareholder of each project company, which holds title to the land, permits and site agreements. Development, construction and site operations are performed by BlueFlare Group Holdings Inc., which takes title to none of the project assets.
What FingerMotion Is Seeking to Achieve
FingerMotion’s overall goal is to own behind-the-meter power generation and data hall capacity in Alberta at scale, and to contract that capacity to artificial intelligence and high-performance computing customers under long-term agreements. The Company is working toward the following objectives:
- Completing permitting on all ten 9.9 megawatt sites—representing 99 megawatts of gross generation capacity and approximately 72 megawatts of aggregate continuous critical IT capacity—by the end of the first quarter of 2027.
- Contracting that capacity under long-term take-or-pay agreements before committing construction capital to any individual site.
- Energizing sites beginning in late fourth quarter 2026, with data halls reaching turnover approximately 18 months from award of the applicable permit.
- Expanding each campus by adding further 9.9 megawatt sites in the same area as customer demand requires, rather than by increasing the permitted capacity of an existing site.
- Entering permitting on a further fifteen 9.9 megawatt sites beginning in the first quarter of 2027.
Management Commentary
“Power is the constraint on artificial intelligence infrastructure right now, and it is going to stay the constraint,” said Jolie Kahn, Chief Executive Officer of FingerMotion. “Our objective is straightforward: to own permitted, behind-the-meter generation and the data halls that sit on it, and to contract that capacity on long-term take-or-pay terms before we spend construction dollars on any single site. We are communicating what we are building, what we own, and the order in which we intend to do it. The project companies sit under FingerMotion, and the value created in them sits with FingerMotion.”
Scope of the Business
FingerMotion’s Alberta program provides land, permits, the project vehicle, gas supply, generation, power to the rack, cooling, hall and white space, physical security and site operations. Customers provide their own graphics processing units, servers, network equipment, transport and platform software. The Company does not own, lease, finance or resell GPUs and is not a cloud provider; it does not sell compute, GPU-as-a-service or any managed artificial intelligence platform.
About FingerMotion, Inc.
FingerMotion, Inc. (Nasdaq: FNGR) is a technology company historically focused on mobile payment, recharge, and data-analytics markets in the People’s Republic of China. Under current management, the Company is extending its strategy into enterprise AI and high-performance computing infrastructure in North America, including through its equity interest in Lyken AI Computing Inc., while evaluating its China operations.
Investor Contact
Investor Relations
FingerMotion, Inc.
Email: ir@fingermotion.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s Alberta development program; the number, size, location and timing of sites; anticipated permitting, construction and energization timelines; the anticipated structure of customer contracts; the expected effect of the Company’s procurement position; the ratification, terms and performance of the Strategic Development & Acquisition Agreement; the Company’s stated objectives; the commercial terms on which the Company intends to contract capacity, including term, escalation, availability and credit support; the contracting structures the Company intends to offer; and expectations regarding additional sites and campus expansion.
These statements are based on management’s current expectations and are subject to significant risks and uncertainties. No customer offtake agreement has been executed, and there can be no assurance that any customer contract will be entered into on the terms described or at all. Additional risks include the Company’s ability to obtain permits on the anticipated timeline, to complete land acquisitions, to ratify or complete definitive documentation of the Strategic Development & Acquisition Agreement, to obtain project financing on acceptable terms or at all, to procure equipment as scheduled, to complete construction on budget, to secure natural gas supply, and to contract capacity on the commercial terms described or on any terms; changes in Alberta regulatory requirements; changes in commodity prices; competition; and the other risk factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Where are FingerMotion’s Alberta power and compute sites located and how are they organized?
The 9.9 MW sites are grouped into four campuses located in Brooks, Coronation, Fox Creek and Vulcan, Alberta. Each site sits in its own dedicated Alberta project company, and these project companies are wholly owned by FingerMotion.
What is FingerMotion’s planned development and permitting timeline for the Alberta program?
The company is working toward completing permitting on all ten 9.9 MW sites by the end of the first quarter of 2027. It aims to begin energizing sites in the late fourth quarter of 2026, with data halls reaching turnover approximately 18 months from award of the applicable permit. FingerMotion also plans to begin permitting an additional fifteen 9.9 MW sites in the first quarter of 2027.
What services will FingerMotion provide to AI and high-performance computing customers at these Alberta sites?
FingerMotion’s program is designed to provide land, permits, project vehicle, gas supply, generation, power to the rack, cooling, hall and white space, physical security and site operations. Customers are expected to supply their own GPUs, servers, network equipment, transport and platform software.
Is FingerMotion offering cloud or GPU-as-a-service products as part of this initiative?
No. The company states it does not own, lease, finance or resell GPUs and is not a cloud provider. It does not sell compute, GPU-as-a-service or any managed artificial intelligence platform; instead, it focuses on owning and operating the underlying power and data hall infrastructure.
What key risks does FingerMotion disclose for its Alberta power and compute development program?
The company notes that no customer offtake agreement has been executed and that there is no assurance any customer contract will be entered into. Additional risks include the ability to obtain permits on the anticipated timeline, complete land acquisitions, ratify or complete definitive documentation of the Strategic Development & Acquisition Agreement, obtain project financing, procure equipment as scheduled, complete construction on budget, secure natural gas supply, and contract capacity on the described terms, as well as potential changes in Alberta regulations, commodity prices and competition.