FINGERMOTION INC.DL-,0001

FingerMotion has presented a plan to build modular, off-grid data centers in North America that would run on-site using natural gas to avoid connection times to the public power grid. The offering targets corporate customers with double-digit megawatt needs, not hyperscalers. A partnership with BlueFlare is planned for site acquisition, construction and operational support; definitive contracts, site control, power supply or offtake agreements and project financing are not yet in place. The company has also acquired a 9.9% stake in Lyken AI Computing, and under new CEO Jolie Kahn it emphasized continuation of its China business, while warning of risks such as natural gas prices, permitting delays and constrained capital availability. » Más en de.investing.com

FingerMotion has appointed Chris Polimeni as chief financial officer effective immediately; he replaces Lee Yew Hon. The company also announced the acquisition of a 9.9% stake in Lyken AI Computing Inc., marking FingerMotion’s entry into the enterprise market for AI and cloud computing capacity. Polimeni brings more than 35 years of financial and leadership experience, including roles as CFO at Avax One Technology and CEO of Polimeni & Associates, and expertise in M&A, capital raising and SEC reporting. » Más en de.investing.com

FingerMotion acquires 99,000 common shares (9.9%) of Lyken AI Computing and issues 1,674,480 of its own common shares valued at US$500,000 in exchange, with no cash consideration. The issued FingerMotion shares are subject to a six-month trading restriction and the transaction is subject to final approval by the TSX Venture Exchange. With the investment, FingerMotion intends to expand its strategy into enterprise AI and cloud computing; Alset will retain 90.1% of Lyken after the deal. » Más en de.investing.com