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 as it marks a strategic move by FingerMotion into the high-demand AI infrastructure sector. The global AI compute market is projected to grow substantially as enterprises increasingly adopt AI-driven solutions. By facilitating access to advanced NVIDIA B300 clusters, Lyken and Swarmnet aim to meet the rising need for high-performance inference capabilities. The B300 is part of NVIDIA's latest Blackwell architecture, known for its enhanced performance and efficiency in AI tasks, making it a valuable asset for companies requiring massive computational power.
FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000, which closed on Aug. 17, 2026. This investment positions FingerMotion to benefit from Lyken's potential growth in the AI compute leasing market. 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 is non-binding, meaning that the terms are not final and could change. However, it signals a serious intention to proceed. For FingerMotion, this aligns with its strategy to diversify beyond its core 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. Entering the AI compute market could open new revenue streams and enhance shareholder value.
The impact of this announcement is twofold: it demonstrates the growing trend of companies leveraging AI infrastructure as a service, and it highlights how smaller players like FingerMotion are seeking to capitalize on this trend through strategic investments. For investors, this news provides insight into FingerMotion's forward-looking initiatives and its commitment to expanding its technological footprint. For the broader industry, it underscores the increasing importance of AI compute resources and the business models emerging around them.
FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. This AI compute venture could be a stepping stone toward that goal, as AI-driven services often require substantial computational resources. As the definitive agreements are finalized, stakeholders will be watching closely for the financial terms and the potential impact on FingerMotion's bottom line.
For more details, visit the full press release at https://nnw.fm/CvbYm.
