FingerMotion, Inc.

FingerMotion, Inc. has entered into a Memorandum of Understanding (MOU) with BlueFlare Energy Solutions Inc. to jointly develop a distributed network of micro-scale edge AI inference compute sites across Western Canada. The partnership aims to leverage BlueFlare's expertise in behind-the-meter energy and compute infrastructure, utilizing low-cost natural gas. The first project, PR1 in Alberta, will involve integrating existing Bitcoin mining infrastructure with a new AI inference data center, managed by BlueFlare's BALA™ platform. This strategic move marks FingerMotion's entry into the edge AI sector.

FingerMotion, Inc. has agreed to a Memorandum of Understanding (MOU) with BlueFlare Energy Solutions Inc. to develop behind-the-meter (BTM) AI compute infrastructure across Western Canada. BlueFlare will act as FingerMotion's primary development partner in Alberta, British Columbia, and Saskatchewan for HPC inference sites integrated with co-located bitcoin mining operations. This strategy aims to build modular, micro-scale AI and HPC compute capacity using natural gas-powered sites, offering control over energy costs and long-term power availability. The MOU's principal commercial terms are non-binding, subject to definitive agreements, but certain provisions like exclusivity are binding.

FingerMotion, Inc. announced plans to expand its infrastructure strategy by developing modular AI-focused edge computing facilities. This initiative aims to support the increasing demand for localized artificial intelligence processing and inference workloads, building upon the company's existing telecommunications and technology platform. The company will focus on edge-based AI inference infrastructure, utilizing modular, self-contained AI compute units powered by micro-grid energy systems to reduce deployment timelines and create new recurring revenue streams.

FingerMotion, Inc. announced a strategic evolution of its corporate direction to position the company for long-term growth. This new strategy focuses on diversification, international expansion, and exploring emerging technology initiatives, including potential participation in artificial intelligence and high-performance computing (AI-HPC) sectors. While committed to strengthening its existing telecommunications and technology businesses, the company aims to progressively phase in these new initiatives over future fiscal periods, though no definitive agreements have been reached yet.

FingerMotion reported its financial results for the fiscal year ended February 28, 2026, with annual revenue decreasing by 32% to $24.13 million, primarily due to a decline in its Telecommunications Products & Services segment. Gross profit fell by 75% to $693,845, and the company's annual loss increased by 37% to $7.0 million. Despite these challenges, the company reduced operating expenses by 12% and is focusing on strengthening core operations, developing new platforms, and exploring international market diversification.

FingerMotion, Inc., a Delaware holding company headquartered in Singapore, detailed its operations in China through technology-enabled platforms and services. The company primarily operates via a Variable Interest Entity (VIE) structure to comply with PRC foreign ownership laws, offering mobile payment, data analytics, and digital commerce solutions. The filing highlighted significant risks associated with the enforceability of VIE agreements and uncertainties regarding evolving PRC regulations, including the Overseas Listing Trial Measures. The company has not declared cash dividends and relies on distributions from its wholly foreign-owned enterprise (WFOE), which are subject to PRC taxes and restrictions.

FingerMotion, Inc. has secured $5,000,000 in financing through a senior secured convertible note with an institutional investor. The company received $3,300,000 at closing, with an additional $1,000,000 to be released upon the SEC declaring effective a resale registration statement. The note, maturing on May 13, 2027, is convertible into common stock at an initial fixed price of $0.94 per share, with a variable monthly conversion price and various default provisions. The agreement also includes an exchange cap of 12,256,260 shares without stockholder approval.