Business Context and Reporting Period
Company: FingerMotion, Inc. (FNGR)
Filing Type: Form 8-K (Current Report)
Date: June 9, 2026
Event: Announcement of a non-binding Memorandum of Understanding (MOU) with BlueFlare Energy Solutions Inc. to jointly develop a distributed network of micro-scale edge AI inference compute sites across Western Canada (Alberta, British Columbia, and Saskatchewan).
Key Financial Metrics
This filing is a strategic disclosure and does not contain audited financial statements, revenue, profit, cash flow, or debt figures for the reporting period.
Specific Economic Terms Disclosed for the PR1 Project (Non-Binding LOI):
- Power Cost: Fixed, all-in rate of US$0.03 per kWh delivered.
- Term: Initial three-year term with a 3% annual escalation thereafter.
- Project Scale (PR1): Existing 1.0 MW Bitcoin mining infrastructure; proposed 500 kW AI inference compute build.
- Hardware: 126 Bitmain Antminer S21 Pro units (approx. 28.08 PH/s hashrate).
Material Changes
There are no material changes to historical financial performance reported in this filing. The material change is the initiation of a strategic partnership to enter the edge AI infrastructure market using a "From Wellhead to Workload" model.
Guidance, Outlook, and Risks
Management Commentary and Strategy
CEO Martin Shen stated the collaboration aims to accelerate entry into the edge AI sector, improve capital efficiency, and create new revenue opportunities. The strategy relies on BlueFlare's proprietary BALA™ (BlueFlare Adaptive Load Architecture) technology to dynamically balance AI inference workloads with Bitcoin mining loads to ensure economic viability and asset utilization.
Outlook
The PR1 site in Alberta is intended to serve as a prototype for a broader network rollout. The pace of build-out depends on capital availability, site origination, and regulatory approvals.
Risks and Contingencies
- Non-Binding Nature: The MOU and the draft Commercial Term Sheet (LOI) are non-binding. Neither party is obligated to enter into definitive agreements.
- Closing Conditions: Transactions are subject to satisfactory due diligence, negotiation of definitive agreements, and regulatory approvals.
- Execution Risk: There is no assurance that the PR1 Project or the broader network will be completed on the described terms or at all.
Investor Verification Checklist
- Verify the execution of definitive agreements for the PR1 Project, as the current LOI is non-binding.
- Confirm the results of due diligence regarding the existing Bitcoin mining infrastructure and hardware at the PR1 site.
- Monitor capital availability and funding sources required for the proposed 500 kW AI inference build-out.
- Track regulatory approvals required for behind-the-meter (BTM) energy and compute operations in Alberta, British Columbia, and Saskatchewan.
- Assess the operational performance of the BALA™ load-following technology in balancing inference and mining loads.