FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has announced that Lyken AI Computing Inc. (Lyken.AI) has entered into a non-binding memorandum of understanding (MOU) with Singapore-based SWARMNET SOLUTIONS PTE. LTD. The MOU outlines an indicative framework under which Lyken would lease, host, manage, and/or otherwise make available a 128-node NVIDIA B300 AI compute cluster to Swarmnet for inference workloads, along with token optimization services and related commercial arrangements.
This development is significant for FingerMotion as it holds a 9.9% interest in Lyken, acquired in an all-stock transaction valued at $500,000 that closed on Aug. 17, 2026. The contemplated arrangement calls for an indicative five-year term, but remains subject to Lyken securing sufficient funding, execution of definitive agreements, and other conditions. Aggregate indicative revenues are to be determined and disclosed upon execution of definitive agreements.
The MOU underscores the growing demand for high-performance AI compute infrastructure, particularly for inference workloads, which are critical for deploying AI models in real-world applications. By partnering with Swarmnet, Lyken aims to provide not only the hardware but also token optimization services, which are essential for efficient AI model operation. This move aligns with FingerMotion's strategic expansion into the enterprise AI compute market, leveraging its existing mobile payment and recharge platform expertise in China to diversify into high-growth technology sectors.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
The partnership with Swarmnet could provide a significant revenue stream for Lyken and, by extension, FingerMotion, subject to the successful negotiation and execution of definitive agreements. The AI compute cluster market is projected to grow substantially in the coming years, driven by the proliferation of AI applications across industries. This MOU positions Lyken to capitalize on that growth, and FingerMotion's stake in Lyken offers indirect exposure to this lucrative market.
Investors and industry observers will be watching for further announcements regarding the finalization of the agreement and the financial terms. The success of this venture will depend on Lyken's ability to secure the necessary funding and meet the conditions outlined in the MOU. If completed, the five-year lease could provide a stable, recurring revenue base for Lyken, enhancing its valuation and, in turn, the value of FingerMotion's investment.
For more information on this development and FingerMotion's strategic direction, interested parties can view the full press release at https://nnw.fm/CvbYm and the company's newsroom at https://nnw.fm/FNGR.
