FingerMotion (NASDAQ: FNGR) announced that its wholly owned subsidiary, Hanna Campus #1 Inc., has entered into a binding letter of intent to acquire approximately 20.2 acres of industrial land in Hanna, Alberta, for the development of a planned 9.9 MW artificial intelligence (AI) and high-performance computing (HPC) site. This marks the second campus under FingerMotion's previously announced Alberta program targeting approximately 99 MW across its Brooks, Coronation, Fox Creek, and Vulcan Zones.
The site has 3 MW of grid power available through an agreement with the Town of Hanna and a natural gas interconnection through ATCO Energy to support behind-the-meter generation. FingerMotion intends to contract capacity to AI and HPC clients under long-term agreements before committing construction capital, with BlueFlare Group Holdings Inc. serving as development partner across the 99 MW program. The company expects permitting, power, and design for each campus to take approximately 120 to 180 days.
This development is significant because it positions FingerMotion to capitalize on the surging demand for AI and HPC capacity, which has become a critical bottleneck for companies seeking to train and deploy advanced models. By securing multiple sites in Alberta, FingerMotion is building a scalable infrastructure footprint that could attract major technology clients seeking reliable, long-term compute resources. The strategy of contracting capacity before construction reduces financial risk and aligns with the company's broader vision of expanding beyond its core mobile payment and recharge platform solutions in China.
FingerMotion's move into AI and HPC infrastructure also diversifies its business model, potentially opening new revenue streams and enhancing shareholder value. As the AI race intensifies, access to power and land becomes a competitive advantage, and FingerMotion's early positioning in Alberta could prove strategic. The involvement of BlueFlare Group Holdings as development partner suggests a collaborative approach to executing the 99 MW program, which may accelerate timelines and share expertise.
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