FingerMotion Signs Binding Commitment to Acquire Rights and Permitting for 9.9 MW Powered Land Site in County of Newell, Alberta
FingerMotion moves into Alberta powered land with a 9.9 MW behind-the-meter site, using a phased, demand-linked model for AI and HPC compute.
Rhea-AI Summary
FingerMotion (FNGR) signed a binding memorandum of understanding to acquire land rights and permitting for a 9.9 megawatt behind-the-meter power generation and compute site in the County of Newell, Alberta. The site, about 185 kilometres southeast of Calgary, is the first acquisition in the Brooks Campus Zone, where the company plans multiple separately owned 9.9 MW sites operated by a single field organization as client demand for powered land grows.
The industrial-capable parcel is adjacent to an operating third-party natural gas facility, enabling onsite power generation and consumption without grid interconnection requests, interconnection queues or transmission service arrangements. FingerMotion plans to permit the project under Alberta Utilities Commission Rule 007 as a sub-10 MW plant with an Industrial System Designation and targets a fully permitted site within 120 days of release to work. Development will follow three phases—permitting, energization, and modular data hall buildout—aligned with contracted customer demand, with BlueFlare Group Holdings providing Alberta-based development and operations support.
Positive
- Binding MOU to acquire land rights and permitting for a 9.9 MW behind-the-meter power and compute site in Newell County, Alberta
- First acquisition in the Brooks Campus Zone, where FingerMotion plans multiple 9.9 MW sites operated by one field organization
- Behind-the-meter gas-fired generation model avoids grid interconnection requests, queues and transmission service arrangements
- Target to achieve a fully permitted site within 120 days of release to work
- Three-phase development approach holds sites as permitted land at limited holding cost until contracted demand triggers energization
- Partnership with BlueFlare Group Holdings provides Alberta-based expertise for land assembly, permitting and operations
Negative
- Project is in phase one permitting only; energization and data hall construction depend on future contracted customer demand
- Permits under Alberta Utilities Commission Rule 007 and Industrial System Designation are not yet obtained
News Explained
The commitment remains at permitting stage; energization requires a funded take-or-pay contract, and no acquisition price is disclosed.
FingerMotion’s binding commitment places the Alberta site in phase-one permitting; the release does not disclose energized power or modular data-hall construction as having started.
Energization is gated by contracted demand, a take-or-pay agreement, and a funded customer deposit, while data halls require a separate construction contract.
The release states neither consideration nor closing conditions, leaving the acquisition’s economics and completion requirements unassessed from this disclosure.
Details
Market reaction after Alberta site acquisition: FNGR +4.19%
Following this news, FNGR has gained 4.19%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 20 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.19. Trading volume is elevated at 2.6x the average, suggesting notable buying interest.
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Key Figures
- Site power capacity
- 9.9 MW
- Binding MOU for a behind-the-meter power generation and compute site
- Permitting target
- 120 days
- Target for a fully permitted site after release to work
Key Terms
behind-the-meter technical
interconnection queue technical
take-or-pay agreement financial
high-performance computing technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
First Site Acquisition in Brooks Campus Zone Features Behind the Meter Natural Gas Generation with No Grid Interconnection, Transmission Tariff or Interconnection Queue
WEST PALM BEACH, FL. and CALGARY, Alberta, Canada, Sept. 10, 2026 (GLOBE NEWSWIRE) -- FingerMotion, Inc. (Nasdaq: FNGR) ("FingerMotion" or the "Company") today announced that they have entered into a binding memorandum of understanding pursuant to which FingerMotion will acquire the land rights and permitting for a 9.9 megawatt behind-the-meter power generation and compute site in the County of Newell, Alberta, approximately 185 kilometres southeast of Calgary.
The site is the first acquisition in the Brooks Campus Zone, a designated development area in Southern Alberta in which FingerMotion intends to assemble a group of separately owned and separately permitted 9.9 MW sites, developed and operated by one field organization and expanded as client demand for powered land requires.
The Site
The site sits on industrial-capable land adjacent to an operating third-party natural gas facility capable of delivering fuel at the parcel boundary. Power is to be generated and consumed on site, behind the meter, so the project does not require a grid interconnection request, a position in an interconnection queue, or a transmission service arrangement. The site has established road access and an identified route to carrier fiber.
FingerMotion will pursue permitting for the site as a below-the-ten-megawatt-threshold individual power plant under Alberta Utilities Commission Rule 007, together with an Industrial System Designation enabling behind-the-meter self-supply. The Company is targeting a fully permitted site within 120 days of release to work.
The Company’s preexisting relationship with BlueFlare Group Holdings Inc. is a key component of the project as it enables development (including land assembly, diligence and permitting) and operation by an Alberta-based, owned and operated company staffed by Alberta employees and served by Alberta vendors.
Development phases
FingerMotion has a consistent for development of sites in its Alberta program through the same three phases, in order:
- Phase one — permitting. Acquire the land and obtain the full permit set for a distinct 9.9 MW power plant and compute facility, held in the Company's name. This site is entering phase one.
- Phase two — energization. Install the gas tap and conditioning, generation and switchgear, and bring the site to live power. A site is released to this phase only against contracted demand, on execution of a take-or-pay agreement with the customer's deposit funded.
- Phase three — modular data halls. Construct compute capacity in modular data halls, or MDHs, configured to the customer's requirement within the permitted envelope, under a separate construction contract.
Until a site is released to phase two, it is held as permitted, titled land at limited holding cost.
The Company is also following a parallel path to actively identify and pursue offtake opportunities to match supply in demand as sites undergo phases two and three of the plan.
Management commentary
"Powered land is the scarce input in this market, and the County of Newell is where we want to own it," said Jolie Kahn, Chief Executive Officer of FingerMotion. "By generating power behind the meter adjacent to existing natural gas infrastructure in Newell County, we expect to avoid the grid interconnection and transmission bottlenecks facing many conventional data center projects in a geographically advantageous region. This is the first building block of the Brooks Campus Zone and provides the firm foundation upon which we intend to build."
"For our intended AI and HPC customers, the critical attributes are industrial ground, an operating gas facility on the boundary, road access and accessible fiber routes. This site brings those elements together," said Landon Ruszkowski, Chief Executive Officer of BlueFlare Group Holdings Inc. "With the rare intersection of all of these four critical factors in one locale, we are well situated to move forward with this attractive foundation for developing contracted compute capacity."
About FingerMotion, Inc.
FingerMotion is a technology company serving a growing base of users across the mobile payment, recharge, and data-analytics markets in the People's Republic of China. The Company continues to develop new tools and services for those users, with the long-term objective of expanding that base organically into a large and highly engaged community — scale the Company believes will support relationships with larger, higher-value customers over time. The Company also evaluates emerging technologies for adjacent opportunities. FingerMotion is extending that strategy into the enterprise AI and cloud compute market.
About BlueFlare Group Holdings Inc.
BlueFlare Group Holdings Inc. is an energy operating group based in Calgary, Alberta, active in the acquisition, permitting, construction and operation of behind-the-meter natural gas power generation and associated compute infrastructure.
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 is subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the satisfaction of closing conditions and the completion of the acquisition; the targeted permitting timetable and expected regulatory pathway for the site; the designation, composition and expansion of the Brooks Campus Zone; the anticipated phasing of development through energization and construction of modular data halls; and the Company's expectations as to customer demand for capacity.
While the memorandum of understanding is binding on both parties, completion of the acquisition remains subject to the satisfaction of closing conditions, and no assurance is given that those conditions will be satisfied or that the acquisition will be completed on the terms contemplated or at all. No site has been permitted, and the 9.9-megawatt figure is a development target, not capacity in service.
These statements are based on management's current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including: the failure to satisfy closing conditions; the refusal, delay or conditioning of any required permit or approval, including any determination by a regulatory authority that the site should be assessed other than as an individual power plant below the ten megawatt threshold; the inability to secure fuel supply or site access on acceptable terms; the absence or delay of contracted demand, without which the site does not advance to energization or construction; the Company's ability to fund the acquisition, development, construction and energization; the counterparty's ability to perform; and the risks 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.
Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law.
Contacts
FingerMotion, Inc. — ir@fingermotion.com
FAQ
What is the Brooks Campus Zone and how does this site fit into it?
The Brooks Campus Zone is a designated development area in Southern Alberta where FingerMotion intends to assemble a group of separately owned and separately permitted 9.9 MW sites. These sites are to be developed and operated by one field organization and expanded as client demand for powered land increases. The Newell County 9.9 MW site is the first acquisition in this zone and is described by the company as the initial building block for the broader campus concept.
How will FingerMotion structure development of its Alberta sites?
FingerMotion uses a three-phase approach for Alberta sites. Phase one is permitting, in which the company acquires the land and secures a full permit set for a distinct 9.9 MW power plant and compute facility in its own name. Phase two is energization, where gas tap and conditioning, generation equipment and switchgear are installed to bring the site to live power; a site only enters this phase when there is contracted demand under a take-or-pay agreement with the customer’s deposit funded. Phase three is construction of modular data halls configured to the customer’s requirements under a separate construction contract.
What permitting pathway does FingerMotion plan to use for the Newell County site?
FingerMotion plans to permit the Newell County site as a below-the-ten-megawatt-threshold individual power plant under Alberta Utilities Commission Rule 007. In addition, the company intends to obtain an Industrial System Designation that will allow behind-the-meter self-supply of power. The company is targeting a fully permitted site within 120 days of release to work.
What is BlueFlare Group Holdings’ role in the project?
BlueFlare Group Holdings is an Alberta-based energy operating group focused on behind-the-meter natural gas power and associated compute infrastructure. FingerMotion’s preexisting relationship with BlueFlare is described as a key component of the Newell County project because it enables land assembly, diligence, permitting and operational activities to be carried out by an Alberta-based company staffed by Alberta employees and supported by Alberta vendors.
Why is the site’s location and infrastructure important for AI and HPC customers?
For the AI and high-performance computing customers FingerMotion is targeting, the company and BlueFlare highlight four attributes: industrial ground, an operating natural gas facility on the boundary, road access and accessible fiber routes. The Newell County site brings these four elements together by being on industrial-capable land adjacent to an existing third-party natural gas facility, with established road access and an identified route to carrier fiber.