FingerMotion Inc. (NASDAQ: FNGR), through its wholly owned subsidiary Brooks Campus No. 1 Inc., has entered into a nonbinding letter of intent and expression of interest with Cascadia Industries Ltd., doing business as Cascadia Power, for up to 7 megawatts (MW) of liquid-cooled colocation capacity at Brooks Campus #1 in Alberta, Canada. The proposed arrangement, which involves a client represented by Cascadia, could generate more than $100 million in contracted revenue over an initial five-year term if definitive agreements are executed, according to the announcement from FingerMotion (NASDAQ: FNGR).
The natural gas-powered artificial intelligence (AI) and high-performance computing (HPC) facility is being developed and operated by BlueFlare Energy Solutions Inc. and is designed to support NVIDIA GB300 NVL72-class infrastructure. Under the proposed terms, initial capacity would become available six months after execution of a binding agreement, with full capacity targeted within 12 to 14 months. Once fully operational, the facility is expected to generate approximately $20 million to $25 million in annual revenue. The prospective client would also have an option for an additional 3 MW at a nearby second site.
The expression of interest includes a 30-day exclusivity period for negotiations and advances FingerMotion’s previously announced 99 MW Alberta power and computing program. The company cautioned that there is no assurance definitive agreements will be reached or that the contemplated capacity will be contracted. The full press release is available at https://ibn.fm/oztHz.
The announcement matters because it signals FingerMotion’s move beyond its core mobile payment and recharge platform business in China into the high-growth AI infrastructure space. While FingerMotion is known for its mobile payment and recharge platform solutions in China, this potential deal would mark a significant expansion into the high-demand AI data center market. If the LOI progresses to a binding agreement, the revenue potential of more than $100 million over five years would represent a substantial new revenue stream for the company, dwarfing its current core operations. Moreover, the facility’s design to support NVIDIA GB300 NVL72-class infrastructure positions it at the forefront of AI computing, which could attract other high-profile clients and accelerate the company’s 99 MW Alberta program. For the industry, the deal underscores the surging demand for liquid-cooled, high-density data center capacity powered by natural gas, as AI workloads continue to strain existing infrastructure.
For investors, the LOI is a nonbinding expression of interest, and the company has explicitly stated that there is no assurance definitive agreements will be reached. The 30-day exclusivity period provides a near-term catalyst to watch, as negotiations with Cascadia and its client could lead to a binding contract. The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR.
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