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 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 development is significant because it represents a potential shift in how stranded energy assets, such as flare gas, can be repurposed for high-value AI computing. By leveraging existing infrastructure and avoiding grid dependency, the project could serve as a model for sustainable, rapid-deployment AI compute sites. For FingerMotion, which has traditionally focused on mobile payment and recharge platforms in China, this partnership signals expansion into the North American energy and AI sectors. The company’s vision to serve over 1 billion users in China may benefit from the technological synergies gained through this initiative.
BlueFlare’s BALA platform is central to the project’s feasibility, as it enables real-time allocation of power between AI and bitcoin mining, ensuring optimal use of on-site generation. This load-balancing capability could mitigate the volatility of renewable energy sources and provide a stable foundation for AI inference workloads. The Alberta facility’s use of flare gas, a byproduct of oil and gas extraction that is often burned off, also addresses environmental concerns by converting waste into productive computing power.
For investors, the progress of this partnership could indicate FingerMotion’s ability to diversify its revenue streams and capitalize on the growing demand for AI infrastructure. The company’s stock, listed on NASDAQ under the ticker FNGR, may see increased interest as the project advances. However, the preliminary nature of the discussions means that risks remain, including the possibility that commercial terms may not be finalized.
To view the full press release, visit https://ibn.fm/mTXyo. For more information about FingerMotion, including the latest news and updates, visit the company’s newsroom at https://ibn.fm/FNGR.
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