FingerMotion (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, noted that Lyken AI Computing Inc., operating as Lyken.AI, entered into a non-binding memorandum of understanding (“MOU”) with Singapore-based SWARMNET SOLUTIONS PTE. LTD. The MOU outlines an indicative framework under which Lyken would lease, host, manage and/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. FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000 that closed Aug. 17, 2026. The contemplated arrangement calls for an indicative five-year term, but remains subject to Lyken securing sufficient funding, execution of definitive agreements and other conditions, with aggregate indicative revenues to be determined and disclosed upon execution of definitive agreements.
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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.
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