FingerMotion buys 9.9% of Lyken AI for $500,000 in stock

FingerMotion is entering the enterprise AI compute market through a $500,000 all-stock purchase of a 9.9 percent stake in Lyken AI Computing, betting that contracted GPU capacity and managed services can become a recurring-revenue business.

"Compute has become the constraint on what enterprises can actually deploy — not ambition, not talent, but access to capacity that is available, governed and supportable," Jolie Kahn, chief executive officer of FingerMotion, said.

FingerMotion will issue 1,674,480 restricted shares to Alset AI Ventures, the seller, priced by dividing $500,000 by the Nasdaq closing price plus $0.01. No cash changes hands at closing. Alset AI retains 90.1 percent of Lyken and becomes a FingerMotion shareholder. The agreement, dated Aug. 12, closes only after TSX Venture Exchange approval.

The deal gives FingerMotion access to Lyken's vendor network — NVIDIA, Dell Technologies Canada and established data-center providers — without committing balance sheet to greenfield construction. The International Energy Agency projects global data-center electricity use will roughly double to 950 TWh by 2030 from 485 TWh in 2025, with AI-focused data centers tripling consumption over the period.

The Segment Between Hyperscalers and Brokers

FingerMotion's pitch targets enterprises underserved by two dominant supply models: hyperscale platforms that are hard to secure allocation from and inflexible on terms, and bare-metal GPU brokers that deliver hardware without accountability. The company plans to offer contracted capacity, managed services spanning compute, secure storage and private low-latency networking, plus deployment support. Lyken already holds a cloud compute services relationship with a leading multinational technology and telecommunications company, FingerMotion said.

The purchase covers 99,000 of Lyken's 1 million shares, a position FingerMotion said it intends to grow over time, subject to commercial performance, capital availability and regulatory requirements. Alset AI chief executive Adam Ingrao said the investment adds a Nasdaq-listed shareholder as Lyken advances its cloud compute pipeline.

Power Economics Drive the Strategy

FingerMotion said it will prioritize capacity sourced from low-cost, reliable and, where available, behind-the-meter power configurations, on the view that long-term competitiveness in enterprise compute will be determined by delivered cost per kilowatt-hour as much as by hardware generation. "We are not trying to out-build the hyperscalers," Kahn said. "We are building the layer the enterprise market is actually asking for."

FingerMotion reported $987,391 in cash and equivalents and negative operating cash flow of $2,345,654 for the quarter ended May 31, 2026 — roughly 38 days of cash use. The all-stock consideration preserves liquidity, but the 1,674,480 new shares dilute existing holders. The company's shares have reacted unevenly to AI announcements, from a 0.9 percent gain to a 9.6 percent drop in recent record. Kahn, appointed CEO on Aug. 5, 2026, succeeding Martin Shen, saw shares rise 14.5 percent on the leadership change.

This article is for informational purposes only and does not constitute investment advice.