Lyken.AI Signs Non-Binding MOU with FingerMotion and BlueFlare

Alset AI Ventures Inc. announced that its 90.1%-owned cloud compute business, Lyken.AI, has entered into a non-binding memorandum of understanding (MOU) with BlueFlare and FingerMotion. The MOU aims to create a framework for aligning enterprise AI demand with FingerMotion's BlueFlare alliance.

This framework focuses on Lyken's customer-facing and managed-services role within the alliance. The agreement grants Lyken visibility into potential future capacity and provides opportunities for matching qualified workloads with that capacity.

The MOU outlines three roles: Lyken focuses on client origination and workload qualification, FingerMotion evaluates projects as the owner-operator, and BlueFlare handles site origination and energy solutions.

FingerMotion's acquisition of a 9.9% interest in Lyken solidifies its strategic plan, aligning infrastructure projects in Western Canada. However, the MOU is non-binding and dependent on definitive agreements for specific projects.