FingerMotion, Inc. reports developments as a mobile services, data and technology company with core operations in China mobile payment, recharge and top-up platform solutions. News commonly covers operating results, capital management, material agreements and updates tied to mobile recharge, value-added services, data-driven analytics and technology collaborations.
Company updates also include activity at Shanghai JiuGe Information Technology Co., Ltd., including the JiuGe Procurement Platform for enterprise procurement, rewards and user-engagement programs connected to telecom operators and commercial partners. Governance items, annual meeting results and capital-structure actions are recurring disclosure themes for FNGR.
FingerMotion (Nasdaq: FNGR) appointed Chris Polimeni as Chief Financial Officer, effective August 17, 2026, succeeding Lee Yew Hon, whose resignation was accepted by the Board. The leadership change follows the company’s completion of a 9.9% equity acquisition in Lyken AI Computing, which marks FingerMotion’s formal entry into the enterprise AI and cloud compute market.
According to FingerMotion, Polimeni brings more than 35 years of experience in financial strategy, capital raising, M&A, SEC reporting, and complex transaction structuring across several industries. The company states that his focus will be on aligning the balance sheet, financial reporting, and capital structure with its growth plans in both existing mobile-focused operations and the emerging enterprise AI compute segment.
FingerMotion (Nasdaq: FNGR) has completed its previously announced acquisition of a 9.9% equity interest in Lyken AI Computing from Alset AI Ventures, following TSX Venture Exchange approval. FingerMotion issued 1,674,480 restricted common shares as consideration for 99,000 Lyken common shares, with no cash paid at closing. Alset AI retains 90.1% of Lyken.
According to FingerMotion, the deal marks its formal entry into the enterprise AI and cloud compute market and is intended as the first step toward building a recurring-revenue enterprise compute franchise alongside its existing mobile data and telecommunications businesses in China. The company may increase its Lyken position over time, subject to definitive agreements, commercial performance, capital availability and regulatory requirements.
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) completed the previously announced sale of 99,000 Lyken AI Computing shares to FingerMotion (Nasdaq:FNGR), representing 9.9% of Lyken’s 1,000,000 common shares. As consideration, FingerMotion issued 1,674,480 FNGR shares, valued at US$500,000 based on the Nasdaq closing price, implying an approximate US$5 million equity value for Lyken at the transaction price.
According to Alset AI, it now retains a 90.1% controlling interest in Lyken. The FNGR shares are subject to a six‑month trading restriction. The transaction was structured as an Exempt Transaction under TSXV Policy 5.3, required no TSXV acceptance, and closed on an arm’s length basis with no finder’s fees.
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) and FingerMotion (Nasdaq:FNGR) signed a share purchase agreement dated August 12, 2026, under which FingerMotion has agreed to acquire 99,000 common shares of Lyken AI Computing, equal to 9.9% of Lyken’s 1,000,000 outstanding shares before closing. The agreed US$500,000 share consideration implies an approximate US$5 million equity value for Lyken based on the transaction price.
As consideration, FingerMotion will issue 1,674,480 FNGR shares to Alset, with no cash payment. Alset is expected to retain a 90.1% controlling interest in Lyken, and no Alset securities will be issued. The FingerMotion shares will be subject to a six‑month trading restriction.
The transaction is arm’s length, with no finder’s fees, and remains subject to final acceptance by the TSX Venture Exchange. According to Alset, Lyken will continue operating independently, using its own revenues for growth, while FingerMotion becomes a strategic minority shareholder with exposure to Lyken’s AI and cloud compute ecosystem.
FingerMotion (Nasdaq: FNGR) has agreed to acquire a 9.9% interest in Lyken AI Computing from Alset AI Ventures for $500,000, payable entirely in restricted FingerMotion common shares. The consideration will be satisfied by issuing 1,674,480 shares, priced via a formula tied to the Nasdaq closing price plus $0.01, with no cash outlay at closing.
The transaction, dated August 12, 2026, marks FingerMotion’s initial entry into the enterprise AI and cloud compute market and remains subject to TSXV approval on behalf of Alset AI. After closing, Alset AI is expected to retain 90.1% of Lyken and will become a FingerMotion shareholder, aligning interests around Lyken’s growth.
Through Lyken, FingerMotion plans to build a recurring-revenue enterprise compute business focused on contracted GPU and cloud capacity, managed services, and telecommunications-grade operating standards, leveraging Lyken’s previously disclosed ecosystem that includes NVIDIA, Dell Technologies Canada and established data-center providers.
FingerMotion (NASDAQ: FNGR) appointed Jolie Kahn as Chief Executive Officer, effective August 4, 2026, succeeding outgoing CEO Martin Shen. Shen highlighted guiding the company from OTC Markets to a Nasdaq listing and building a foundation for long-term growth.
Kahn is a seasoned Nasdaq senior executive and corporate attorney with extensive experience in corporate finance and securities law. She previously served as CEO of AVAX One Technology, interim CFO for several Nasdaq-listed companies, and counsel to a major North American Bitcoin mining company. Kahn said FingerMotion is at a pivotal stage and emphasized working with the board to sharpen strategic focus and drive long-term shareholder value.
FingerMotion (NASDAQ: FNGR) reported Q1 fiscal 2027 revenue of $650,089 for the quarter ended May 31, 2026, a 92% decline from Q1 2026, mainly from reduced Telecommunications Products & Services revenue, which fell to $502,672 from about $8.31 million (down 94%).
Marketplace Platform and Digital Commerce Infrastructure Solutions revenue rose 9% to $11,939, and Advanced Technology and Platform Solutions revenue grew 24% to $135,478, while Data and Analytics Platform Solutions revenue declined to $0. Cost of revenue dropped 95% to $441,611, lifting gross profit 37% to $208,478. Operating expenses were about $2.14 million, nearly flat year over year, resulting in a quarterly net loss of about $2.0 million, a 0.4% improvement, with a basic and diluted loss per share of $0.03 versus $0.04 a year earlier.
As of May 31, 2026, FingerMotion reported cash of $987,391, working capital of $4.38 million, shareholders’ equity of $13.33 million, total assets of $61.90 million, total liabilities of $48.57 million, and 61,281,308 shares outstanding.
FingerMotion (NASDAQ: FNGR) and BlueFlare Energy Solutions are in advanced, non-binding discussions on commercial terms for the first site under their Western Canada behind-the-meter AI compute collaboration.
The proposed ~600 kW Alberta facility would redevelop a natural-gas-powered bitcoin mining site into an AI inference and HPC hub using BlueFlare’s BALA™ platform, but there is no assurance any definitive agreements will be reached.
FingerMotion (NASDAQ: FNGR) signed a non-binding MOU with BlueFlare Energy Solutions to enter the edge AI inference compute market in Western Canada. BlueFlare becomes exclusive partner in Alberta, British Columbia and Saskatchewan for designing and operating micro-scale, behind-the-meter AI inference and bitcoin mining sites anchored by the PR1 project in Alberta.
The contemplated PR1 site would combine a 1.0 MW bitcoin mining container and a 500 kW AI inference data center powered by low-cost natural gas, managed by BlueFlare’s proprietary BALA™ load-following platform. All projects remain subject to definitive agreements, due diligence and regulatory approvals.
FingerMotion (NASDAQ:FNGR) agreed with BlueFlare Energy Solutions to enter into a mostly non-binding Memorandum of Understanding to develop behind-the-meter (BTM) AI and high-performance computing infrastructure across Alberta, British Columbia and Saskatchewan.
The contemplated framework names BlueFlare as exclusive development partner in the Territory and identifies two initial sites for potential projects.