3 E Network Technology Begins AI Data Center Project in Finland
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2026
0mins
Should l Buy MASK?
3 E Network Technology announced progress on the construction progress of its AI data center project in Finland. Following the recent formal approval of the building permit, on-site construction activities have commenced, and the project is progressing in accordance with the current development plan. Following a long-term land lease agreement between the Company and the city of Mikkeli, Finland, the granting of the building permit provides a regulatory basis for the project to proceed. The company has transitioned from preliminary preparations to on-site construction. As of the date of this announcement, tree felling and site clearance have been completed, preparing the site for the next stages of construction. The project has entered the earthworks phase. Excavation and grading equipment has been deployed on site, and related construction activities are underway. This represents a further step in the company's Finland data center development plan. The commencement of earthworks is intended to support the initial phase of the project, which is expected to include a 6MW computing facility, subject to further development and implementation.
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About MASK
3 E Network Technology Group Ltd is a holding company principally engaged in the development and sale of software. The Company is mainly engaged in the development and supply of customized software for various industries and fields, including food establishments, real estate, exhibition, conferencing and clean energy utilities. In addition, the Company is also engaged in the design, planning, execution and delivery of exhibitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Price Surge: Following the financing announcement, shares of 3 E Network Technology surged over 37% in premarket trading on Tuesday, reflecting strong market confidence in its pivot to become a next-generation AI infrastructure solutions provider, further fueling positive investor sentiment.
- Retail Interest Spike: According to Stocktwits data, retail chatter around MASK stock skyrocketed approximately 6300% over the past seven days, with message volume rising about 24% in the last 24 hours, indicating a significant increase in investor attention that could further drive stock price appreciation.
- Warrant Terms: Under the agreement, investors also received warrants to purchase 65,198 Class A ordinary shares at an exercise price of $5.00 per share, exercisable from May 1, 2026, to May 1, 2030, demonstrating the company's commitment to future shareholder returns.
See More
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- Modular Design Innovation: By adopting a modular design concept, 3 E Network has reduced the traditional data center construction timeline from over 18 months to just weeks, enabling rapid deployment through prefabricated and interchangeable standard units, significantly enhancing market responsiveness and flexibility.
- High-Density Computing Solution: The company's new high-density computing solution increases rack power density to over 20kW, addressing the extreme computing power demands of AI clusters, thereby strengthening its competitive edge in high-intensity AI training and inference tasks.
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See More
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- Project Advancement: This agreement marks the transition of the AI data center project from strategic planning to tangible development, demonstrating the company's concrete vision and long-term commitment to the European market, which is expected to enhance its competitiveness in AI infrastructure.
- Site Selection Advantages: The Mikkeli site was chosen for its robust power infrastructure and favorable climate conditions, capable of meeting the massive computing demands of next-generation AI applications, while strong local government support further secures the project.
- Partnership Synergy: This lease agreement complements the previously signed Master Services Agreement with Orka Technologies Oy, reinforcing their collaboration in co-developing AI infrastructure, thereby driving technological innovation and market expansion.
See More
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See More
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- Market Positioning: 3E Network is committed to becoming a next-generation AI infrastructure solutions provider, aiming to capitalize on growth opportunities in the energy investment sector through its data center operations and software development portfolios.
See More
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See More
