GENIUSpa k Albe ta ta gets a i itial 100 MW of high-pe fo ma ce computi g (HPC) capacity ac oss a cluste of 3 MW to 9.9 MW sites, with a st etch goal of 1 GW, a d pla s a Ge ius City to se ve the full cluste i east-ce t al Albe ta.
Eve y GENIUSpa k Albe ta site i te ds to etu a po tio of fu ds towa ds t ai i g a d eskilli g via the Ge ius City model a d establish a local Commu ity I vestme t Fu d.
Fi st site, Ha a Campus No. 1, is a $24.3 millio , 2.4 MW HPC campus o a 20.2-ac e site to be acqui ed i Ha a, Albe ta.
Co st uctio is pla ed to comme ce i Decembe 2026 with fi st compute ta geted fo the seco d qua te of 2027.
Albe ta has eceived mo e tha 16 GW of data ce te co ectio equests agai st a i te im g id limit of 1.2 GW, givi g sub-10 MW sites with thei ow powe a fast path to ma ket[1].
SINGAPORE, WEST PALM BEACH, Fla. a d CALGARY, Albe ta, Oct. 27, 2026 (GLOBE NEWSWIRE) — Ge ius G oup Limited (NYSE Ame ica : GNS) (“Ge ius G oup”, o “GNS”), a leadi g AI-powe ed educatio g oup, Fi ge Motio , I c. (Nasdaq: FNGR) (“Fi ge Motio “ o “FNGR”) a d BlueFla e E e gy Solutio s I c. (“BlueFla e”), a Calga y-based develope of behi d-the-mete powe a d data ce te i f ast uctu e, today a ou ced that they have sig ed bi di g ag eeme ts to fo m GENIUSpa k Albe ta I c. (“GENIUSpa k Albe ta”) a d to build its fi st site, Ha a Campus No. 1. The ag eeme ts follow Ge ius G oup’s lau ch of GENIUSpa k yeste day as a Commu ity-fi st Data Ce te i itiative a d make Albe ta, Ca ada the home of the fi st GENIUSpa k joi t ve tu e.
GENIUSpa k Albe ta: The Fi st GENIUSpa k Joi t Ve tu e
GENIUSpa k Albe ta will be fo med u de a bi di g joi t ve tu e a d sha eholde ag eeme t with Ge ius G oup holdi g 49% a d Fi ge Motio holdi g 51% of the i itial issued sha e capital. The boa d co sists of two di ecto s f om each compa y, a d budgets, ew sites, debt, ew i vesto s a d elated-pa ty co t acts all equi e the app oval of both pa ties. Ge ius G oup leads the b a di g, ma keti g, t ai i g a d eskilli g academy, futu e school a d commu ity p og am. Fi ge Motio leads the site acquisitio , powe , co st uctio a d data ce te ma ageme t togethe with BlueFla e. Each site will be held i its ow Albe ta p oject compa y, ta geted to be fu ded by a combi atio of equity a d debt fi a ci g.
Each site has a ta get to pay 10% of its et p ofit i to a locally gove ed Commu ity Fu d, a d Ge ius G oup will delive Ge ius City p og ams, i cludi g schooli g, e t ep e eu ship a d eskilli g i to the jobs each site c eates. The pa t e s i te d to develop a Ge ius City se vi g the full cluste of sites, begi i g with a feasibility study at a p oposed e e gy pa k i east-ce t al Albe ta. Ge ius G oup’s educatio platfo ms will also have p io ity access to GENIUSpa k capacity at 10% below its best ma ket p ice.
The fi st site, Ha a Campus No. 1, is located o a 20.2-ac e site i the Tow of Ha a, east-ce t al Albe ta, co t acted fo acquisitio by the Ha a p oject subsidia y. The site pla s to lau ch a fi st phase of 3 MW of g id powe f om ATCO a d 2.4 MW of HPC capacity u i g 432 GPU se ve s, with the optio to add up to 3 MW of BlueFla e’s ow atu al gas ge e atio .
The total p oject cost fo Ha a is estimated at $24.3 millio , ta geted to be fu ded with app oximately $14.4 millio of o – ecou se p oject debt a d $9.9 millio of equity co t ibuted i p opo tio to the pa t e s’ ow e ship. Co st uctio is pla ed to begi i Decembe 2026, with fi st compute ta geted fo the seco d qua te of 2027.
The fi st phase of the site is pla ed to be live withi six mo ths of fi st powe , a d at full capacity Ha a is desig ed to ge e ate mo e tha $24 millio i a ual eve ue. Closi g is subject to customa y co ditio s, i cludi g completio of the la d pu chase, the g id co ectio ag eeme t, p oject fi a ci g a d egulato y app ovals.
Ha a is the pilot site fo the Albe ta oll-out. U de the ag eeme ts, fu the sites a e app oved o ce Ha a sustai s a ave age of at least $1.64 pe chip-hou at 70% utilizatio , o o ce a ew site has co t acts o p epayme ts fo at least half of its capacity a d a le de commitme t, while site, pe mitti g, a d powe wo k o the ext sites ca begi du i g the Ha a amp-up.
GENIUSpa k Albe ta ta gets a i itial 100 MW of HPC capacity a d a st etch goal of 1 GW, a d the pa t e s i te d to co side a listi g of GENIUSpa k Albe ta o the TSX o Nasdaq at the app op iate time.
Why Albe ta: Powe , Speed a d Commu ity
T e dFo ce fo ecasts global data ce te powe dema d to ise 31% this yea to 161 GW, a d to each 490.7 GW by 2030, leavi g a p ojected 268 GW gap agai st available g id capacity[2]. Albe ta sits at the ce te of that gap: la ge-load co ectio equests i the p ovi ce climbed above 16 GW, agai st a i te im limit of 1,200 MW fo ew loads of 75 MW o mo e th ough 2027 a d 2028[1]. GENIUSpa k Albe ta sites a e sized below 10 MW a d ca b i g thei ow behi d-the-mete powe , allowi g them to move i mo ths athe tha waiti g yea s i the g id queue.
Nea ly $200 billio of U.S. data ce te p ojects, ac oss about 120 p ojects, we e blocked o delayed i the fi st half of 2026, a d a Gallup su vey fou d that seve i te citize s oppose a data ce te i thei local a ea[3]. The pa t e s believe the GENIUSpa k model add esses the g owi g dema d fo a commu ity-fi st powe a d compute solutio .
Roge James Hamilto , Fou de a d CEO of Ge ius G oup, said “Yeste day we a ou ced the lau ch of GENIUSpa k as a commu ity solutio fo the ext e a of computi g. Today we a e pleased to have sig ed ou fi st joi t ve tu e to build the GENIUSpa k model i Albe ta. Fi ge Motio a d BlueFla e have the powe , site-developme t a d co st uctio capability. Ge ius G oup has the commu ity eskilli g a d t easu y model that di ectly be efits the local commu ity.”
Jolie Kah , CEO of Fi ge Motio , said “Hype scale a d tech ology compa ies a e sig i g up to 15-yea , multi-billio -dolla co t acts fo powe ed capacity, fo which co st uctio is a multi-yea p ocess, thus o e of the sca cest assets i digital i f ast uctu e today is a site you ca e e gize i mo ths. GENIUSpa k Albe ta takes Fi ge Motio beyo d powe ed la d i to ow i g the compute that u s o it. With BlueFla e’s a d Fi ge Motio ’s powe a d i f ast uctu e a d Ge ius G oup’s commu ity model, Ha a is the fi st step i what we believe ca become o e of Albe ta’s leadi g high-pe fo ma ce computi g platfo ms.”
U it Eco omics Built fo Albe ta
U de the GENIUSpa k model, each full 9.9 MW site is ta geted to ge e ate mo e tha $100 millio i a ual eve ue at a ta get et p ofit ma gi of up to 35%, with a goal of p ovidi g mo e tha $3 millio a yea i vested i the local Commu ity Fu d a d mo e tha 1,000 stude ts, e t ep e eu s a d wo ke s t ai ed each yea .
The pa t e s ta get site capex of $9.85 millio pe MW of compute, usi g efu bished se ve s bought i bulk, modula halls a d BlueFla e’s ow powe , a d all-i p oject cost of $10.1 millio pe MW agai st a i dust y ave age of $17.6 millio pe MW fo a ew data ce te i the U.S. a d Ca ada befo e a y chips a e i stalled[4].
La do Ruszkowski, CEO of BlueFla e, said “Small sites with thei ow powe a e how Albe ta wi s i high-pe fo ma ce computi g. We desig , build a d ope ate each site ou selves, ge e ate powe behi d the mete , a d avoid the multi-yea t a smissio queue. Ha a will be built by Albe ta s a d staffed locally a ou d the clock, a d it sets the template fo eve y GENIUSpa k Albe ta site that follows, with the jobs, the i vestme t a d a sha e of the p ofits stayi g i the commu ity.”
Followi g sig i g, the pa t e s will i co po ate GENIUSpa k Albe ta a d Ha a Campus No. 1 I c., complete the Ha a la d pu chase, g id co ectio a d p oject fi a ci g, a d make the equi ed egulato y fili gs ahead of co st uctio .
Sou ces
[1] McCa thy Tét ault, “Albe ta faces a su ge i AI data ce t e powe dema d: AESO espo ds with phased co ectio pla ,” Ju e 6, https://www.mcca thy.ca/e /i sights/blogs/ca adia -e e gy-pe spectives/albe ta-faces-a-su ge-i -ai-data-ce t e-powe -dema d-aeso- espo ds-with-phased-co ectio -pla [2] T e dFo ce, “Data Ce te Powe Dema d to Rise 31% i 2026; G id Gap to Wide f om 2028,” Septembe 16, 2026.https://www.t e dfo ce.com/p essce te / ews/20260916-13237.html[3] Gizmodo, citi g Data Ce te Watch a d Gallup, “Nea ly $200 billio wo th of data ce te p ojects have bee blocked o delayed this yea ,” Septembe 21, 2026.https://gizmodo.com/ ea ly-200-billio -wo th-of-data-ce te -p ojects-have-bee -blocked-o -delayed-this-yea -2000815054[4] Cushma & Wakefield, 2026 Data Ce te Developme t Cost Guide, Septembe 3, 2026.https://www.stocktita . et/ ews/CWK/cushma -wakefield- eleases-2026-data-ce te -developme t-cost-guide-xf33 13eb1oh.html
About BlueFla e
BlueFla e E e gy Solutio s I c. is a Albe ta-i co po ated develope , e gi ee a d co st ucto of behi d-the-mete e e gy a d high-pe fo ma ce compute i f ast uctu e ope ati g u de the “F om Wellhead to Wo kload” platfo m. BlueFla e o igi ates, desig s, builds a d suppo ts co-located atu al gas ge e atio , high-pe fo ma ce compute a d bitcoi mi i g sites ac oss Weste Ca ada, i teg ated by its p op ieta y BALA™ (BlueFla e Adaptive Load A chitectu e™) load-followi g platfo m. BlueFla e self-pe fo ms desig , p ocu eme t, co st uctio a d commissio i g o its p og ams. BlueFla e is a subsidia y of BlueFla e G oup Holdi gs I c. Additio al i fo matio is available at www.gobluefla e.com.
About Fi ge Motio
Fi ge Motio , I c. (Nasdaq: FNGR) is a tech ology compa y that has histo ically se ved the mobile payme t, echa ge a d data-a alytics ma kets i the People’s Republic of Chi a. Th ough its elatio ship with BlueFla e E e gy Solutio s I c., the compa y is developi g behi d-the-mete powe ed data-ce te capacity i Albe ta fo high-pe fo ma ce computi g clie ts. Additio al i fo matio is available at www.fi ge motio .com.
About Ge ius G oup
Ge ius G oup (NYSE: GNS) is a global educatio g oup delive i g AI powe ed, educatio a d accele atio solutio s fo the futu e of wo k. Ge ius G oup se ves 6 millio use s i ove 100 cou t ies th ough its Ge ius City model a d o li e digital ma ketplace of AI t ai i g, AI tools a d AI tale t. It p ovides pe so alized, e t ep e eu ial AI pathways combi i g huma tale t with AI skills a d AI solutio s at the i dividual, e te p ise a d gove me t level. To lea mo e, please visit ge iusg oup.ai.
Fo wa d-Looki g Stateme ts
Stateme ts made i this p ess elease i clude fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, a d Sectio 21E of the Secu ities Excha ge Act of 1934, i cludi g stateme ts ega di g GENIUSpa k Albe ta’s i te ded model, ta gets, capacity, costs, timi g, eve ue, et p ofit, commu ity be efits, fu the sites, a y futu e listi g, a d the closi g of the Ha a Campus No. 1 p oject. Fo wa d-looki g stateme ts ca be ide tified by the use of wo ds such as “may,” “will”, “pla ,” “should,” “expect,” “a ticipate,” “estimate,” “ta get,” “co ti ue,” o compa able te mi ology. The i te ded model a d ta gets a e fo illust ative pu poses o ly a d a e ot i te ded as bi di g p ojectio s, fo ecasts o gua a tees, a d depe d o assumptio s i cludi g compute p ici g, utilizatio , powe a d co st uctio costs, a d the availability of p oject fi a ci g a d custome co t acts, which a e ot yet i place. Closi g of the Ha a p oject is subject to co ditio s i cludi g the la d pu chase, g id co ectio , p oject fi a ci g a d egulato y app ovals, a d the e is o assu a ce that it will close o the te ms desc ibed o at all. Such fo wa d-looki g stateme ts a e i he e tly subject to ce tai isks, t e ds a d u ce tai ties, ma y of which the compa ies ca ot p edict with accu acy, a d may cause actual esults to diffe mate ially f om those p ojected o suggested. Reade s a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts a d a e advised to co side the additio al facto s u de the headi g “Risk Facto s” i Ge ius G oup’s A ual Repo ts o Fo m 20-F, as suppleme ted by its Repo ts o Fo m 6-K, a d i Fi ge Motio ’s fili gs with the Secu ities a d Excha ge Commissio . No e of Ge ius G oup, Fi ge Motio o BlueFla e assumes a y obligatio to update o suppleme t fo wa d-looki g stateme ts. No i fo matio i this p ess elease should be co st ued as a y i dicatio whatsoeve of a y pa ty’s futu e eve ues, esults of ope atio s, o stock p ice.
Co tacts
Ge ius G oup: i vesto @ge iusg oup.aiFi ge Motio : i @fi ge motio .comBlueFla e: sales@gobluefla e.com
