FingerMotion Inc. (NASDAQ: FNGR) announced that it and BlueFlare Energy Solutions are in advanced discussions regarding commercial terms for the first of two proposed behind-the-meter AI compute projects identified under their previously announced memorandum of understanding. The initial project is a roughly 600-kilowatt Alberta facility that currently uses natural gas that would otherwise be flared to power bitcoin mining operations, with plans to redevelop the site into an AI inference facility supported by new on-site power generation, battery energy storage and high-performance computing infrastructure.
Under the proposed framework, AI inference would serve as the site’s primary revenue driver, while bitcoin mining would be retained as a load-balancing mechanism to maximize utilization of on-site power generation. The facility would use BlueFlare’s proprietary BALA(TM) load-management platform to dynamically allocate power between AI and bitcoin mining workloads and is designed to avoid common development delays by operating independently of grid interconnection and fiber infrastructure. The parties noted that discussions remain preliminary and non-binding, and no commercial term sheet or definitive agreement has yet been executed.
This partnership highlights a growing trend of repurposing energy-intensive crypto mining sites for AI computing, which demands significant power but offers higher margins. By using flare gas—a byproduct of oil and gas production that is often wasted—the project could provide environmental benefits while reducing energy costs. The ability to operate off-grid also bypasses lengthy interconnection queues, accelerating deployment.
For FingerMotion, this venture represents a strategic expansion beyond its core mobile payment and recharge platform in China. The company is leveraging its technology expertise to enter the AI infrastructure space, potentially tapping into the booming demand for AI inference capabilities. The success of this project could pave the way for additional sites and revenue streams.
Investors should monitor the progression of these discussions, as a finalized agreement would mark a significant milestone. The full press release is available at https://ibn.fm/mTXyo. For more information on FingerMotion, visit their newsroom at https://ibn.fm/FNGR.
