Alset AI completes sale of 9.9% stake in Lyken AI Computing to FingerMotion for $500,000

Alset AI Completes Strategic Sale to FingerMotion

Alset AI Ventures Inc. has finalized the sale of a 9.9% interest in Lyken AI Computing to FingerMotion, marking a pivotal moment for the cloud compute business1

1

. Under the share purchase agreement dated August 12, 2026, FingerMotion acquired 99,000 common shares of Lyken out of 1,000,000 issued and outstanding shares2

2

. As consideration for the transaction, FingerMotion issued 1,674,480 of its common shares to Alset AI, valued at $500,000 based on Nasdaq closing prices3

3

. No cash changed hands in this all-stock deal.

Third-Party Valuation Establishes Lyken's Market Worth

The transaction price implies approximately $5 million in total equity value for Lyken AI Computing, providing what Alset CEO Adam Ingrao described as "a meaningful third-party valuation marker"1

1

. This valuation comes as Lyken develops its integrated offering spanning AI compute infrastructure, secure storage, private low-latency networking, and enterprise deployment support2

2

. Following the closing, Alset retains a 90.1% controlling interest in Lyken while gaining exposure to FingerMotion through the shares received1

1

. The FingerMotion shares are restricted from trading for six months following closing in accordance with the agreement terms.

Strategic Alignment in Enterprise AI and Cloud Compute Market

FingerMotion, a Nasdaq-listed technology company serving mobile payment, recharge, and data-analytics markets in China, is extending its strategy into the enterprise AI and cloud compute market through this equity position3

3

. FingerMotion CEO Jolie Kahn stated the company believes Lyken provides "an initial differentiated opportunity to participate in the expanding AI and cloud compute ecosystem"2

2

. The minority investment is designed to give FingerMotion exposure to Lyken's platform while both companies evaluate areas where their capabilities and networks may provide further synergies.

Lyken's Vendor Ecosystem and Enterprise Traction

Lyken AI Computing has established relationships with industry leaders including NVIDIA and Dell Technologies Canada, along with data-center providers supporting GPU compute, secure storage, and private networking2

2

. The cloud compute business already maintains a services relationship with a leading multinational technology and telecommunications company3

3

. This vendor ecosystem positions Lyken to capitalize on what Ingrao describes as the company's "cloud compute opportunity pipeline"1

1

. The strategic investor relationship with FingerMotion adds a Nasdaq-listed shareholder as Lyken seeks to scale its operations.

Market Dynamics Driving AI Compute Demand

The transaction occurs against a backdrop of surging demand for data-center and AI compute capacity. Independent industry forecasts from the International Energy Agency project global data-center electricity consumption will roughly double from 485 TWh in 2025 to 950 TWh in 20302

2

. More dramatically, electricity consumption attributable to AI-focused data centers is projected to triple over the same period. These projections underscore the growth potential in cloud compute server capacity and related technical services that Lyken provides.

Regulatory Status and Transaction Structure

The transaction qualified as an Exempt Transaction under TSX Venture Exchange Policy 5.3 covering acquisitions and dispositions of non-cash assets1

1

. Consequently, TSX Venture Exchange acceptance was not required, and the deal has closed. The transaction was conducted at arm's length with no finder's fees payable3

3

. No securities of Alset were issued in connection with the sale of 9.9% interest in Lyken. Following completion, Lyken will continue to operate independently and retain its current revenues to fund growth, while Alset participates through its controlling stake in the AI venture investments.