FingerMotion Inc. (NASDAQ: FNGR), a mobile data and telecommunications services company expanding into enterprise AI compute, has noted that its investee, Lyken AI Computing Inc. (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 underscores the growing demand for high-performance AI infrastructure and positions Lyken to capitalize on the expanding inference market.
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. Aggregate indicative revenues will be determined and disclosed upon execution of definitive agreements. FingerMotion acquired a 9.9% interest in Lyken in an all-stock transaction valued at $500,000 that closed Aug. 17, 2026. This investment aligns with FingerMotion's strategic vision to diversify into the AI compute sector, leveraging its existing telecommunications and mobile payment expertise.
The MOU with Swarmnet signifies Lyken's ambition to become a key player in providing AI inference services. NVIDIA's B300 GPUs are among the most advanced processors for AI workloads, offering superior performance for inference tasks. By securing access to such infrastructure, Lyken aims to meet the needs of enterprises requiring scalable and efficient AI processing capabilities. The partnership with Swarmnet, a Singapore-based solutions provider, suggests a cross-border collaboration that could expand Lyken's reach into Southeast Asian markets.
For FingerMotion, this news highlights the potential upside of its investment in Lyken. The company, which is focused on mobile payment and recharge platforms in China, is seeking growth through diversification into high-tech areas. The AI compute market is projected to grow significantly, driven by the proliferation of generative AI and machine learning applications. Lyken's move into this space could generate substantial revenues, benefiting FingerMotion's overall portfolio.
As of now, the MOU is non-binding, and definitive agreements are yet to be signed. Lyken must secure adequate funding to proceed with the deployment of the compute cluster. However, the successful execution of this deal could establish Lyken as a credible provider of AI infrastructure, attracting more clients and partnerships.
Investors and industry observers will be watching closely as Lyken progresses toward finalizing the agreement. The potential five-year lease with Swarmnet provides a stable revenue stream, but the final terms will be crucial in determining the financial impact. FingerMotion's stake in Lyken gives it exposure to this emerging business without requiring significant capital outlays.
The announcement also reflects a broader trend of companies investing in AI infrastructure to meet the rising demand for computational power. With NVIDIA's B300 chips being in high demand, securing a 128-node cluster is no small feat. Lyken's ability to arrange this deal indicates its credibility and connections in the tech industry.
For FingerMotion, this development could be a catalyst for future growth. The company has been actively seeking opportunities to leverage its technology and user base in China, and the AI compute market presents a new frontier. As the ecosystem of AI services expands, companies like Lyken are well-positioned to benefit, and FingerMotion's early investment could yield significant returns.
