Combi ed compa y i te ded to focus o fi m, behi d-the-mete powe a d modula high-pe fo ma ce computi g capacity i itiatives comme ced i Ju e 2026
“Today Fi ge Motio becomes st ategically cha ges di ectio , by choice a d with co victio ,” said Jolie Kah , Chief Executive Office of Fi ge Motio . “We i te d to build a clea , No th Ame ica compa y i the o e pa t of the computi g eco omy whe e dema d is clea ly out u i g supply, which is powe . BlueFla e has a team that builds a d a discipli ed model. Ou stockholde s dese ve a compa y with a clea pu pose, a d BlueFla e I c. will be that compa y.”
“Ou clie ts do ’t eed a othe p omise of capacity i 2030. They eed fi m powe o a timeli e they ca pla a busi ess a ou d,” said La do Ruszkowski, P eside t a d Chief Executive Office of BlueFla e. “That is what BlueFla e delive s. Joi i g with Fi ge Motio would give us access to U.S. capital ma kets to scale ou p og am, while we keep buildi g i Albe ta, with Albe ta e e gy a d with espect fo the commu ities that host us. Ou team a d headqua te s stay ight he e i Calga y.”
Completio of the p oposed busi ess combi atio is subject to the egotiatio a d executio of a defi itive me ge ag eeme t a d othe customa y closi g co ditio s, i cludi g app oval by the stockholde s of Fi ge Motio a d the sha eholde s of BlueFla e, the successful fulfillme t of the capital eeds of the combi ed e tity, thi d-pa ty valuatio s a d applicable egulato y a d t adi g ma ket app ovals. The e ca be o assu a ce that a defi itive ag eeme t will be e te ed i to, o that the p oposed t a sactio will be completed o the te ms desc ibed o at all.
Why Powe , a d Why Now
Ac oss No th Ame ica, e te p ise dema d fo computi g is g owi g faste tha utility g ids ca co ect ew load. I te co ectio queues st etch fo yea s, a d la ge tu bi es a e back-o de ed. The co st ai t o ew computi g capacity is o lo ge la d o buildi gs. It is fi m powe . BlueFla e is built to delive that powe . It ge e ates powe o site, behi d the mete , f om Albe ta atu al gas, a d pai s that ge e atio with modula computi g i f ast uctu e. E te p ise clie ts get fi m powe a d capacity o a timeli e they ca pla a ou d.
The BlueFla e Model
- Speed to powe . Modula o -site ge e atio a d p e-e gi ee ed computi g halls a e desig ed to b i g capacity o li e i mo ths athe tha yea s. Sites a e sized at 9.9 MW i c eme ts to fit thei host commu ities a d to move faste tha la ge-load g id co ectio s.
- I f ast uctu e, ot chips. BlueFla e sells powe , cooli g a d computi g- eady space u de lo g-te m co t acts. It does ot ow , lease o fi a ce GPUs o othe IT ha dwa e, so its eve ue is tied to co t acted capacity athe tha chip cycles.
- Builds what it sells. BlueFla e does its ow e gi ee i g, p ocu eme t, co st uctio a d commissio i g, which gives it co t ol of cost, quality a d schedule.
- Albe ta Fi st. BlueFla e builds with abu da t Albe ta atu al gas, o existi g i dust ial la d, u de Albe ta’s ules a d alo gside the commu ities that host its sites. Its small-scale sites a e desig ed to fit i to those commu ities, ot domi ate them.
- Discipli ed capital. I dividual campuses a e i te ded to be fi a ced at the p oject level.
BlueFla e Platfo m at a Gla ce
- Two Albe ta campus sites, with co summatio of site acquisitio s immi e t.
- Goal of 500 MW of ge e atio capacity i pe mitti g ac oss Albe ta.
- Eithe co summatio of o i dicatio s of i te est fo o e o mo e capacity ag eeme ts at o e o mo e B ooks sites.
- Fi st campus co st uctio ta geted to begi .
About BlueFla e G oup Holdi gs I c.
BlueFla e G oup Holdi gs I c. is a Calga y-based compa y that develops, builds a d ope ates behi d-the-mete atu al gas powe ge e atio a d modula high-pe fo ma ce computi g i f ast uctu e fo e te p ise clie ts. BlueFla e sells fi m powe , cooli g a d computi g- eady space u de lo g-te m co t acts. Th ough its ope ati g subsidia ies, i cludi g BlueFla e E e gy Solutio s I c., BlueFla e ca ies out its ow e gi ee i g, p ocu eme t, co st uctio a d commissio i g o its p og ams ac oss Albe ta.
About Fi ge Motio , I c.
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. Si ce Ju e 2026, it has bee developi g behi d-the-mete powe ed high pe fo ma ce computi g capacity i Albe ta fo e te p ise clie ts.
This p ess elease is fo i fo matio al pu poses o ly. It is ot a offe to sell, o a solicitatio of a offe to buy, a y secu ities, a d it is ot a solicitatio of a y vote o app oval. No sale of secu ities will take place i a y ju isdictio whe e it would be u lawful. A y secu ities that may be issued i co ectio with the fi a ci g have ot bee egiste ed u de the Secu ities Act of 1933. They may ot be offe ed o sold i the U ited States without egist atio o a applicable exemptio . No secu ities a e bei g offe ed i Ca ada except u de a applicable p ospectus exemptio . The te m sheet is o -bi di g a d does ot co stitute a bi di g ag eeme t to co summate the p oposed t a sactio .
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of Sectio 27A of the Secu ities Act of 1933, Sectio 21E of the Secu ities Excha ge Act of 1934 a d applicable Ca adia secu ities laws, a d is subject to the safe-ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995.Wo ds such as “expects,” “i te ds,” “pla s,” “a ticipates,” “ta gets,” “desig ed to,” “will,” “may” a d simila exp essio s ide tify fo wa d-looki g stateme ts. These stateme ts a e based o cu e t expectatio s a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially. Those isks i clude: the t a sactio ot closi g, o closi g o diffe e t te ms; failu e to egotiate o execute a defi itive me ge ag eeme t; failu e to obtai stockholde , sha eholde , Nasdaq o egulato y app ovals; failu e to complete the equi ed fi a ci g; failu e to egai o mai tai complia ce with Nasdaq listi g equi eme ts; difficulties i sepa ati g the legacy busi esses; isks elated to pe mitti g, Albe ta elect icity egulatio , co st uctio , equipme t supply, atu al gas supply a d p ici g, p oject fi a ci g a d custome dema d; a d the isks desc ibed i Fi ge Motio ’s fili gs with the SEC. Fo wa d-looki g stateme ts speak o ly as of the date of this elease. Neithe compa y u de takes to update them except as equi ed by law.
Media a d I vesto Co tacts
Fi ge Motio , I c.: I vesto Relatio s, i @fi ge motio .comBlueFla e: Suite 700, 444 – 7th Ave ue SW, Calga y, Albe ta T2P 0X8
