Curated News
By: NewsRamp Editorial Staff
October 27, 2026

FingerMotion, Genius Group, BlueFlare Form GENIUSpark Alberta HPC Joint Venture

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Original Source

TLDR

  • FingerMotion holds 51% of GENIUSpark Alberta, a $24.3M HPC data center joint venture targeting 100 MW and a potential public listing.
  • The Hanna Campus No. 1 project will start with 2.4 MW HPC capacity, funded by $14.4M debt and $9.9M equity, with construction beginning December 2026.
  • GENIUSpark Alberta will contribute 10% of net profits to community funds and support education and workforce development in Alberta.
  • Alberta's new HPC data center will use 3 MW of grid power and optional natural gas, aiming for 1 gigawatt capacity long-term.

Impact - Why it Matters

This joint venture signals a significant move into the high-performance computing and data center space, which is critical for supporting AI, cloud computing and other data-intensive applications. For FingerMotion, it represents a diversification beyond its core mobile payment business in China and a potential new revenue stream. For Genius Group, it aligns with its education and community focus while tapping into the growing demand for HPC infrastructure. The project's community fund and workforce development components could bring local economic benefits. Investors should watch for financing details and regulatory approvals, as well as the partners' exploration of a public listing for GENIUSpark Alberta, which could unlock further value.

Summary

FingerMotion (NASDAQ: FNGR), Genius Group Limited (NYSE American: GNS) and BlueFlare Energy Solutions Inc. have signed binding agreements to create GENIUSpark Alberta Inc., a joint venture to develop high-performance computing (HPC) data centers in Alberta, Canada. FingerMotion will own 51% and Genius Group 49%. The first project, Hanna Campus No. 1, will be built on a 20.2-acre site in east-central Alberta with an initial 2.4 megawatts (MW) of HPC capacity, supported by 3 MW of grid power and an option for additional natural gas generation. The $24.3 million project is expected to be financed with approximately $14.4 million in debt and $9.9 million in equity. Construction is slated to begin in December 2026, with initial computing operations targeted for the second quarter of 2027, subject to financing, regulatory approvals and other closing conditions.

The Hanna facility is designed to generate more than $24 million in annual revenue at full capacity and will serve as a pilot for a broader Alberta expansion. GENIUSpark Alberta is targeting an initial 100 MW of HPC capacity, with a longer-term goal of 1 gigawatt. FingerMotion will oversee site acquisition, power infrastructure, construction and data center management alongside BlueFlare, while Genius Group will lead education, workforce development and community programs. Each site aims to contribute 10% of net profits to a locally governed community fund. The partners also intend to explore a potential public listing of GENIUSpark Alberta on the TSX or Nasdaq. To view the full press release, visit https://nnw.fm/mJSBe.

FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As its user base grows, the company is developing additional value-added technologies to market to its users. Its vision is to rapidly grow the user base organically and develop an ecosystem of highly engaged users utilizing its innovative applications. FingerMotion eventually hopes to serve over 1 billion users in the China market and expand the model to other regional markets. The latest news and updates relating to FNGR are available in the company’s newsroom at https://nnw.fm/FNGR. The announcement was distributed by NetworkNewsWire, a specialized communications platform focused on financial news and content distribution for private and public companies and the investment community.

Source Statement

This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, FingerMotion, Genius Group, BlueFlare Form GENIUSpark Alberta HPC Joint Venture

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