FingerMotion has signed a $2.3 million agreement to acquire Newbit Technology, holder of rights and permits for a planned 9.9 MW natural-gas-powered compute site in Alberta, Canada. The September 29 SEC filing confirms an agreement—not a completed acquisition or an operating 9.9 MW data center.

Key Takeaways

• Newbit holds leases, permits, pipeline access and fixed site improvements at Brooks Campus #1.
• Generators and other movable equipment are explicitly excluded from the transaction.
• Closing is targeted by October 29, subject to a new gas supply agreement, consents and due diligence.

What the Buyer Is Actually Getting

The September 23 share-purchase agreement covers the County of Newell site, including development and electrical permits, environmental approvals, gas-metering infrastructure and existing foundations. Its purchase price is US$2.3 million, excluding applicable GST and possible adjustments.

FingerMotion reported two $230,000 deposit installments and approximately $1.84 million due at closing. The prior natural-gas supply contract had ended; a replacement agreement and written change-of-control consent are among the closing requirements. Its October 2026 quarterly filing continued to describe the acquisition as pending.

Why Mining and AI Infrastructure Overlap

Behind-the-meter generation means supplying computing equipment directly from power produced on-site instead of relying entirely on utility-delivered electricity. Our behind-the-meter guide explains the electrical model. An existing fuel connection and permits can have value even before servers or ASICs arrive.

FingerMotion’s separate BlueFlare collaboration contemplates pairing AI inference with flexible Bitcoin mining loads. But the Newbit filing does not establish that Brooks Campus #1 currently hosts either workload. For an operating comparison, see MicroBT’s reported 20 MW Canadian gas-mining deployment.

The acquisition offers a useful lesson in power-led compute development: access to fuel, permits and usable land can precede hardware. The next verifiable milestones are closing, executed gas supply, installed generation and commissioned computing capacity.

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