Blockchain Registration Transaction Record

FingerMotion to Acquire Newbit Tech for $2.3M, Securing Alberta Power Project

FingerMotion (NASDAQ: FNGR) to acquire Newbit Technology for $2.3M, gaining full control of the 9.9 MW Brooks Campus #1 power project in Alberta. Closing targeted by Oct. 29, 2026.

This acquisition is crucial for FingerMotion as it secures full ownership of the Brooks Campus #1 power project, including all necessary permits and infrastructure. By consolidating these assets, FingerMotion can proceed with developing the 9.9 MW behind-the-meter facility, which could power its expanding technology operations and potentially generate additional revenue streams. The deal also demonstrates FingerMotion's commitment to diversifying its business beyond mobile payments in China, signaling strategic growth and long-term value creation for shareholders. As the company continues to build its user ecosystem, control over energy infrastructure may provide a competitive advantage and support its ambitious goal of serving over 1 billion users.