FingerMotion announced a definitive agreement to acquire Newbit Technology's Alberta infrastructure site for $2.3 million, excluding generating equipment, with closing expected by October 29, 2026. Alset AI holds a 2.2% stake in FingerMotion and a controlling interest in Lyken AI, which is exploring collaboration opportunities with FingerMotion and BlueFlare Energy for enterprise AI computing workloads. This acquisition aligns with FingerMotion's infrastructure strategy and could create synergies with Lyken's cloud compute business, though any participation by Lyken requires further agreements. The deal highlights Alset's strategic positioning in AI infrastructure investments.
Alset AI and FingerMotion's Alberta infrastructure deal provides context for technology sector activity. For readers following Technology-sector US stocks on Pluang, here is the market snapshot as of Oct 05, 2026 17:23 WIB: out of 150 stocks, 63 rose and 66 fell. Notable prices include STX at USD 863.85 (+1.75%), HUBS at USD 210.66 (-1.74%), and WIT at USD 1.69 (-1.74%).
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