FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has drawn attention to a significant development involving its investee, Lyken AI Computing Inc. (Lyken.AI). Lyken has entered into a non-binding memorandum of understanding (MOU) with Singapore-based SWARMNET SOLUTIONS PTE. LTD. The MOU outlines a framework under which Lyken would lease, host, manage, or otherwise make available a 128-node NVIDIA B300 AI compute cluster to Swarmnet for inference workloads, along with token optimization services and related commercial arrangements.
This MOU is particularly noteworthy as it underscores the growing demand for specialized AI infrastructure. The NVIDIA B300, a high-performance GPU designed for AI inference and training, is a critical component in the rapidly expanding field of generative AI and large language models. By securing a potential customer for such a cluster, Lyken is positioning itself to capitalize on the increasing need for compute power among enterprises and AI-focused startups.
FingerMotion's connection to this deal stems from its acquisition of a 9.9% interest in Lyken in an all-stock transaction valued at $500,000, which closed on Aug. 17, 2026. This strategic investment aligns with FingerMotion's broader pivot toward enterprise AI compute, a move that could diversify its revenue streams beyond its core mobile payment and recharge platform in China.
The contemplated arrangement between Lyken and Swarmnet calls for an indicative five-year term. However, it remains subject to several conditions, including Lyken securing sufficient funding and the execution of definitive agreements. Aggregate indicative revenues from the deal are to be determined and disclosed upon the signing of those definitive agreements. This cautious approach reflects the early-stage nature of the negotiations and the complexities involved in large-scale AI infrastructure deals.
The importance of this MOU extends beyond the immediate parties. For FingerMotion, it validates the company's investment thesis in Lyken and its foray into AI compute. It also signals to the market that FingerMotion is actively pursuing opportunities in high-growth technology sectors. As the AI industry continues to mature, companies that can provide reliable, scalable compute resources stand to benefit from the surge in demand for AI services.
Furthermore, this development highlights the global nature of the AI infrastructure market. A Singapore-based company seeking compute resources from a Canada-based provider (Lyken) underscores the borderless demand for AI capabilities. This cross-border collaboration could serve as a model for future partnerships in the industry.
For investors, the MOU offers a glimpse into the potential upside of FingerMotion's strategic investments. While the deal is not yet finalized, the mere possibility of a five-year revenue stream from a 128-node cluster could have a meaningful impact on Lyken's valuation and, by extension, FingerMotion's investment value.
In the broader context, this announcement comes at a time when AI compute resources are becoming a strategic asset. Companies and countries alike are vying for access to advanced chips and clusters to power their AI initiatives. Lyken's ability to secure a customer for its B300 cluster suggests that it has a credible plan to acquire and deploy this hardware, despite the challenges of sourcing such equipment in a constrained market.
FingerMotion's management has been vocal about its ambitions in the AI space, and this MOU is a tangible step toward realizing that vision. The company's existing user base in China's mobile payment sector provides a solid foundation, but the AI compute market offers new avenues for growth. By leveraging its investment in Lyken, FingerMotion is diversifying its portfolio and positioning itself for long-term success.
As with any non-binding agreement, there are risks. The deal may not be finalized, and the revenues, if any, are uncertain. However, the strategic direction is clear. FingerMotion is not just a mobile services company; it is becoming a player in the AI infrastructure space. This MOU, while preliminary, is a positive indicator of the company's future prospects.
For more information on FingerMotion, visit the company's newsroom at https://nnw.fm/FNGR.
