West Palm Beach, Florida, August 28, 2026, 11:43 (EDT)
- FingerMotion shares jumped 261.7% to $0.6272 at 11:26 EDT.
- Trading volume climbed to 855.3 million shares, well above the company’s scale.
- The initiative begins with modular sites of 1–2 MW, then expands to 10 MW and 20 MW capacities.
- There have been no agreements signed for the site, customer, power supply, or project financing.
FingerMotion, Inc. (NASDAQ: FNGR) shares surged over threefold on Friday, following the announcement of a modular artificial-intelligence data-center plan with BlueFlare Energy Solutions. The move boosted implied equity value by approximately $27.8 million.
The move establishes a valuation for a proposed plan, rather than for an active data-center operation. FingerMotion announced it aims to build behind-the-meter facilities throughout Western Canada, with initial capacity set at just 1–2 megawatts.
At 11:26 EDT, shares were trading at $0.6272, marking a 261.7% increase. Trading volume totaled 855.3 million shares. Current market capitalization was roughly $38.4 million.
The approach relies on generating natural gas on-site to bypass grid bottlenecks. Management intends to scale up modularly to 10 MW, followed by 20 MW. BlueFlare is set to contribute expertise in energy and infrastructure company announcement.
“Access to power is now among the main constraints” on adding new capacity, Chief Executive Jolie Kahn said. This constraint backs the behind-the-meter model, but does not ensure demand.
| Investor measure | Verified figure | What it means |
|---|---|---|
| FNGR price | $0.6272, +261.7% | Estimated implied value increase of $27.8 million |
| Trading volume | 855.3 million shares | Unusually heavy activity for a micro-cap stock |
| Planned capacity | 1–2 MW, then 10 MW and 20 MW | Significant capital investment required at every phase |
| Lyken.AI stake | 9.9% | Initial position in the AI-compute sector |
| Consideration | 1,674,480 restricted FNGR shares | Transaction is all share-based, resulting in dilution for current investors |
| GPU cluster | 128 Nvidia B300 nodes | Supported by a nonbinding memorandum with a Lyken client |
FingerMotion purchased a 9.9% stake in Lyken.AI, issuing 1,674,480 restricted shares as payment, with no cash involved. Lyken holds a nonbinding memorandum of understanding for a 128-node Nvidia B300 cluster regulatory filing summary.
Financing the purchase with equity helps conserve cash, but results in dilution for current shareholders. The exact dollar amount paid remains unknown to investors, as the total depends on the value of FingerMotion shares.
The company anticipates that separate projects will utilize asset-level financing, potentially reducing the parent company’s capital requirements. However, this approach may increase financing expenses as there is no contracted revenue or site control in place.
FingerMotion continues its core business in China with mobile payments and data analytics. The data-center initiative marks a strategic move into a new area rather than a broadening of current operating revenue. An agreement in June originally pinpointed Alberta, British Columbia and Saskatchewan as intended markets June 8-K.
The subsequent valuation check is based on contracts. Investors need to look for secured site control, reliable power supply, signed customer offtake agreements, and arranged financing. Each factor shifts a component of the plan into an actionable asset.
Risks: No agreement for site, customer, generation or financing is final. The Lyken cluster memorandum remains nonbinding. Reversal risk is also heightened by Friday’s turnover and the micro-cap valuation.
No up-to-date analyst consensus is currently available. At present, execution milestones take priority over price targets. The share price rise reflects expected progress prior to established revenue visibility.
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