FingerMotion Announces AI Data Center Pivot, Spurring Stock Rally
Singapore-based FingerMotion (NASDAQ: FNGR) announced a strategic pivot to building modular artificial intelligence data centers powered by natural gas in North America. The move aims to address bottlenecks in AI power delivery and bypass lengthy grid interconnection processes. Under new CEO Jolie Kahn, the company is focusing on off-grid infrastructure with partner BlueFlare Energy Solutions. FingerMotion also acquired a 9.9% stake in Lyken AI Computing, which has an agreement for NVIDIA B300 compute nodes. While this pivot led to a recent stock surge, FNGR remains down over 80% from the start of the year and is still considered a penny stock with high volatility. Investors are advised to proceed cautiously due to lack of commercial agreements or project financing details for BlueFlare, no profitability in core operations, and absence of Wall Street analyst coverage. The company has not yet demonstrated execution progress such as signed contracts.
Topics: AI data centers FNGR stock rally modular infrastructure