FingerMotion Inc. (NASDAQ: FNGR) announced that it and BlueFlare Energy Solutions are in advanced discussions regarding commercial terms for the first of two proposed behind-the-meter AI compute projects identified under their previously announced memorandum of understanding. The initial project is a roughly 600-kilowatt Alberta facility that currently uses natural gas that would otherwise be flared to power bitcoin mining operations, with plans to redevelop the site into an AI inference facility supported by new on-site power generation, battery energy storage and high-performance computing infrastructure.
Under the proposed framework, AI inference would serve as the site’s primary revenue driver, while bitcoin mining would be retained as a load-balancing mechanism to maximize utilization of on-site power generation. The facility would use BlueFlare’s proprietary BALA(TM) load-management platform to dynamically allocate power between AI and bitcoin mining workloads and is designed to avoid common development delays by operating independently of grid interconnection and fiber infrastructure. The parties noted that discussions remain preliminary and non-binding, and no commercial term sheet or definitive agreement has yet been executed.
This announcement signals a strategic shift for FingerMotion, which has core competencies in mobile payment and recharge platform solutions in China. By venturing into AI compute infrastructure, the company is diversifying its technology portfolio and tapping into the growing demand for AI processing power. The partnership with BlueFlare, which specializes in converting stranded energy assets into productive computing sites, could provide a scalable model for deploying AI infrastructure without relying on traditional grid expansion.
For investors, the potential redevelopment of bitcoin mining sites into AI inference facilities represents a novel approach to capitalizing on existing energy assets. The use of flared natural gas—a byproduct of oil and gas operations that is often wasted—could also offer environmental benefits by reducing methane emissions. However, the parties emphasized that discussions are still preliminary, and no definitive agreements have been reached. The success of the project will depend on finalizing commercial terms and securing the necessary permits.
More information about FingerMotion is available in the company’s newsroom at https://ibn.fm/FNGR. The full press release can be viewed at https://ibn.fm/mTXyo.
