Genius Group, FingerMotion and BlueFlare Sign Binding Agreements to Launch GENIUSpark Alberta, with First High-Performance Computing Campus at Hanna, Alberta
FingerMotion, Genius Group and BlueFlare signed binding agreements to form GENIUSpark Alberta, a joint venture in which FingerMotion holds 51% and leads site acquisition, power, construction and data center management. The first site, Hanna Campus No. 1, is a $24.3 million, 2.4 MW HPC campus on 20.2 acres in Hanna, Alberta, planned to run 432 GPU servers with construction starting December 2026 and first compute targeted for Q2 2027. At full capacity Hanna is designed to generate more than $24 million in annual revenue; the JV targets an initial 100 MW of HPC capacity with a 1 GW stretch goal and may pursue a TSX or Nasdaq listing of GENIUSpark Alberta.
Key figures
- Guidance
- Hanna full capacity designed to generate more than $24 million in annual revenue; each full 9.9 MW site targeted at >$100M annual revenue with up to 35% net margin
- Deal Value Usd
- 24300000
- Capex per mw
- $9.85 million
- Project debt
- $14.4 million non-recourse
- First compute
- Q2 2027
- Project equity
- $9.9 million
- Stretch goal gw
- 1
- Hanna site acres
- 20.2
- Gns ownership pct
- 49%
- Hanna capacity mw
- 2.4
- All in cost per mw
- $10.1 million
- Construction start
- December 2026
- Fngr ownership pct
- 51%
- Gpu servers phase 1
- 432
- Initial capacity target mw
- 100
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.