on Alset AI Ventures Inc. (CVE:GPUS)
Alset AI Ventures Comments on FingerMotion's Alberta Infrastructure Deal
Alset AI Ventures Inc., based in Vancouver, highlights FingerMotion Inc.'s recent agreement to acquire Newbit Technology Inc. This acquisition involves cash consideration of $2.3 million and excludes generating equipment. The closing is expected by October 29, 2026.
Alset currently holds a 2.2% stake in FingerMotion, associated with its sale of a 9.9% interest in Lyken AI Computing Inc. Alset retains a significant 90.1% interest in Lyken. This setup creates a strategic alignment, allowing potential infrastructure collaboration with FingerMotion.
The companies are exploring opportunities in AI and computing workloads, though any Lyken participation requires separate agreements. The current memorandum does not ensure ownership or revenue commitments for Lyken at the Alberta site.
R. E.
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