FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into the enterprise AI compute market, has noted that its associate, Lyken AI Computing Inc. (operating as Lyken.AI), has 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.
This development is significant as it underscores the growing demand for specialized AI infrastructure. The NVIDIA B300, part of the Blackwell series, is designed to handle large-scale AI inference tasks, which are critical for deploying generative AI models at scale. By securing a lease for this high-performance cluster, Lyken is positioning itself to capitalize on the increasing need for compute power among enterprises and AI startups.
FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000 that closed on Aug. 17, 2026. This stake aligns FingerMotion with a company that is actively pursuing opportunities in the AI compute space. The contemplated arrangement with Swarmnet calls for an indicative five-year term but remains subject to Lyken securing sufficient funding, execution of definitive agreements, and other conditions. Aggregate indicative revenues will be determined and disclosed upon execution of definitive agreements.
For FingerMotion, this MOU represents a potential indirect upside. As a shareholder in Lyken, FingerMotion stands to benefit from any future revenue streams generated by this deal, should it be finalized. It also signals FingerMotion's strategic direction toward AI-related ventures, complementing its core mobile payment and recharge platform solutions in China.
The broader implications are notable: as AI adoption accelerates, companies providing infrastructure-as-a-service for AI workloads are becoming increasingly valuable. This MOU, if executed, could establish Lyken as a key player in the AI compute rental market, especially in Asia. For investors, it highlights the potential for growth in companies that pivot to meet the infrastructure demands of the AI revolution.
FingerMotion's involvement in such ventures is part of its vision to expand its ecosystem and eventually serve over 1 billion users in the China market. By diversifying into AI compute, the company is not only seeking new revenue streams but also positioning itself to leverage AI technologies across its existing mobile services.
While the MOU is non-binding, it marks a step forward in the commercialization of AI infrastructure. The final terms will be crucial, and investors will be watching for updates on funding and definitive agreements. For now, this news serves as a positive indicator of FingerMotion's forward-looking approach in the rapidly evolving AI landscape.
