FingerMotion, Inc. and BlueFlare Energy Solutions in Advanced Discussions on First Site Under Western Canada Behind-the-Meter AI Compute Collaboration
Rhea-AI Summary
FingerMotion (NASDAQ: FNGR) and BlueFlare Energy Solutions are in advanced, non-binding discussions on commercial terms for the first site under their Western Canada behind-the-meter AI compute collaboration.
The proposed ~600 kW Alberta facility would redevelop a natural-gas-powered bitcoin mining site into an AI inference and HPC hub using BlueFlare’s BALA™ platform, but there is no assurance any definitive agreements will be reached.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Advanced discussions on ~600 kW Alberta behind-the-meter AI inference site
- Proposed dual-use AI inference and bitcoin mining to maximize on-site power utilization
- Use of gas that would otherwise be flared, aligning with conservation requirements
- Design aims to avoid grid interconnection and fibre delays via on-site power and wireless links
- BlueFlare established as primary developer for Western Canada HPC inference sites under MOU
Negative
- No Commercial Term Sheet or definitive agreements signed for the first site
- Current discussions are preliminary and non-binding, with key terms still under negotiation
- Explicit statement that there is no assurance the project will proceed or match contemplated terms
News Market Reaction – FNGR
On the day this news was published, FNGR declined 2.94%, reflecting a moderate negative market reaction. Argus tracked a peak move of +11.4% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $871K from the company's valuation, bringing the market cap to $28.75M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous AI Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 09 | AI MOU, PR1 site | Positive | -0.3% | Non-binding MOU and PR1 plan to enter edge AI inference compute market. |
| Jun 04 | AI MOU framework | Positive | -9.6% | Agreement to enter MOU for Western Canada BTM AI and HPC infrastructure. |
| Jun 03 | Edge AI strategy | Positive | +29.5% | Plans to develop modular edge AI inference data centers with micro‑grid power. |
| Oct 23 | SE Asia AI BD | Positive | +9.0% | Sapientus expansion efforts for AI and big data in Southeast Asia markets. |
| May 16 | Indonesia AI launch | Positive | -11.0% | Launch of AI-powered insurance risk platform targeting Indonesian market. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent AI-related announcements often show mixed reactions, with several positive-sentiment updates met by negative price moves.
Historical Comparison
In the past five AI-tagged announcements, FNGR’s average move was about 3.53%, showing that AI-related news has often produced meaningful but directionally mixed reactions.
AI news has progressed from Southeast Asia analytics expansion to an edge AI strategy, then to a Western Canada MOU and now advanced site-level discussions, indicating a stepwise buildout of the AI infrastructure roadmap.
Regulatory & Risk Context
Short positioning appears relatively low, suggesting limited structural short-squeeze fuel but also a moderate baseline for incremental volatility if sentiment shifts.
An effective S-3 resale shelf registering warrant shares allows selling holders to resell stock, and full warrant exercise could bring the company up to $7,595,000 in cash proceeds.
Key Terms
behind-the-meter technical
ai inference technical
high-performance computing technical
battery energy storage technical
bitcoin mining technical
grid interconnection technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Parties in Advanced Discussions Toward Commercial Terms for an Approximately 600 kW Alberta Facility That Would Deliver AI Inference Capacity Co-Located With Bitcoin Mining - Powered by On-Site Natural Gas and Managed by BlueFlare's BALA(TM) Platform
Singapore, Singapore--(Newsfile Corp. - June 18, 2026) - FingerMotion, Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company today announced that it and BlueFlare Energy Solutions Inc. ("BlueFlare" or "BFE Solutions") are in advanced discussions and are working toward commercial terms covering the first of the two initial project sites identified under the parties' previously announced Memorandum of Understanding (the "MOU"). These discussions are intended to advance the first site toward development under the parties' Western Canada behind-the-meter ("BTM") AI compute collaboration and represent progress towards the first project milestone contemplated by the MOU. As of the date of this release, the parties have not entered into a Commercial Term Sheet or any other definitive agreement with respect to the first site.
The initial site is an approximately 600 kilowatt ("kW") behind-the-meter facility in Alberta that today uses on-site natural gas - gas that would otherwise be flared - to power bitcoin mining operations. Under the proposed commercial terms, which are being negotiated, BlueFlare would redevelop the site into an AI inference facility, installing new on-site power generation, battery energy storage and high-performance computing ("HPC") capacity, while retaining and repurposing the existing bitcoin mining load as a load-balancing and gas-continuity mechanism. Consistent with the collaboration framework, AI inference is intended to serve as the site's primary value driver, with co-located bitcoin mining used to keep generated power productive whenever inference demand does not call on the site's full capacity.
Power allocation across the two workloads would be managed by BlueFlare's proprietary BALA™ (BlueFlare Adaptive Load Architecture™) platform, a load-following control system that routes available power between AI inference and bitcoin mining in real time. The Company believes this approach will allow the facility to sustain high, continuous utilization of its on-site generation while supporting compliance with Alberta's natural gas conservation requirements - converting gas that would otherwise be flared into productive compute.
The site is being designed for accelerated time-to-energization. Because the facility will generate its own power on-site and will connect to AI inference workloads over a wireless link enabled by BlueFlare's proprietary bandwidth-optimization technology, it is intended to be brought online without waiting for grid interconnection or fibre construction - two of the most common sources of delay in conventional data center development. Backup power is designed around cleaner-burning propane rather than the diesel generation typically deployed at data centers, an approach the parties believe reduces both the site's emissions profile and the amount of redundant fuel infrastructure required.
The site is the first of two initial project sites identified under the MOU, which establishes BlueFlare as the Company's primary developer across Alberta, British Columbia and Saskatchewan for the origination, design, engineering, construction and ongoing support of HPC inference sites integrated with co-located bitcoin mining on a behind-the-meter basis. Each site is expected to be advanced under a separate site-specific Commercial Term Sheet and one or more associated definitive agreements addressing site-level economics, capacity, schedule, construction scope and operations. The parties' current discussions regarding the first site remain preliminary and non-binding, and any Commercial Term Sheet, and the principal commercial terms it would contain, remain subject to continued negotiation and the negotiation and execution of one or more definitive agreements. There can be no assurance that the parties will enter into any Commercial Term Sheet or definitive agreement, or that the site will be developed on the terms contemplated, or at all.
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in 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. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
For more information on FingerMotion, visit: https://fingermotion.com
About BlueFlare Energy Solutions Inc.
BlueFlare Energy Solutions Inc. is an Alberta-incorporated developer, engineer and constructor of behind-the-meter energy and high-performance compute infrastructure operating under the "From Wellhead to Workload" platform. BlueFlare originates, designs, builds and supports co-located natural gas generation, AI inference compute and bitcoin mining sites across Western Canada, integrated by its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following platform. BlueFlare is a subsidiary of BlueFlare Group Holdings Inc.
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy the Company's securities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302023