FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has noted that Lyken AI Computing Inc., operating as Lyken.AI, 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 positions Lyken to capitalize on the growing demand for AI infrastructure, particularly for inference workloads. NVIDIA's B300 chips are among the most advanced for AI processing, and the deployment of a 128-node cluster represents a substantial compute capacity. This could enable Lyken to offer high-performance AI services to Swarmnet, which may seek to leverage this for various applications.
For FingerMotion, this move aligns with its strategic expansion into the enterprise AI compute market. The company has been diversifying beyond its core mobile payment and recharge platform solutions in China. By associating with Lyken's AI initiatives, FingerMotion aims to tap into the rapidly growing AI sector and potentially enhance its revenue streams.
The announcement underscores the increasing importance of AI compute resources as businesses race to adopt AI technologies. Inference workloads, which involve running trained models to make predictions or decisions, are becoming critical for many industries, from healthcare to finance. The availability of high-performance clusters like the one Lyken plans to lease could accelerate innovation and deployment of AI solutions.
However, the non-binding nature of the MOU means that the deal is not yet finalized. Lyken must secure sufficient funding and execute definitive agreements, which may involve negotiations over terms and pricing. The indicative five-year term suggests a long-term commitment, but the actual revenues will depend on the final agreement and the utilization of the cluster.
Investors in FingerMotion will be watching closely to see if this MOU materializes into a definitive agreement. The potential for revenue generation from this arrangement could positively impact FingerMotion's financial performance, given its stake in Lyken. Moreover, successful execution could strengthen FingerMotion's position in the AI compute market and open doors for additional partnerships.
For more information on FingerMotion and its news, visit the company's newsroom at https://nnw.fm/FNGR. To view the full press release, see https://nnw.fm/CvbYm.
