FingerMotion acquires 9.9% of Lyken.AI for $500K
What's the deal? Finger MotionDealroom has a profile for this one. Try Dealroom →, a Nasdaq-listed mobile data and telecommunications company, is acquiring a 9.9% stake in AI compute firm Lyken.AIDealroom has a profile for this one. Try Dealroom → for $500,000. The stake — 99,000 of Lyken's 1,000,000 shares — is being bought from Alset AI Ventures and paid entirely in FingerMotion stock, with no cash changing hands.
The terms. At closing, Finger Motion will issue Alset AI 1,674,480 restricted common shares, priced against its Nasdaq closing price the day before the deal completes. The transaction, dated August 12, 2026, is subject to approval from the TSX Venture Exchange on behalf of Alset AI.
What's the endgame? The deal marks Finger Motion's formal entry into enterprise computing and is the first step towards what it calls a recurring-revenue compute franchise. The company plans to move from this minority position towards a larger stake in Lyken.AI and its underlying infrastructure, subject to performance and capital.
Why now? Chief executive Jolie Kahn framed compute as the new bottleneck for enterprise deployment. "Compute has become the constraint on what enterprises can actually deploy — not ambition, not talent, but access to capacity that is available, governed and supportable," she said.
What each side gets. Lyken.AI gives Finger Motion access to an established vendor ecosystem, including relationships with NVIDIA, Dell Technologies Canada and data-centre providers. Finger Motion aims to serve enterprises caught between hyperscalers that ration allocation and bare-metal GPU brokers that supply hardware without accountability. After closing, Alset AI keeps 90.1% of Lyken.AI.
The signal. A telecom company converting stock into an AI compute foothold shows how far the scramble for GPU capacity now reaches beyond the usual cloud players. With enterprises struggling to secure committed compute, smaller firms are betting they can carve out the middle ground between hyperscalers and hardware brokers.
Read more: Business Insider
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