3 E Network's subsidiary signs a 30-year lease for an AI data center site in Mikkeli, Finland.
Quiver AI Summary
3 E Network Technology Group Limited has announced that its Finnish subsidiary, Aurora Core Technology Oy, has signed a 30-year land lease with the City of Mikkeli for a data center site in Finland, covering around 101,071 square meters. This agreement follows a previous partnership with Orka Technologies for AI infrastructure development. The Mikkeli site, selected for its robust power infrastructure and energy-efficient cooling potential, is pivotal for the Company's AI data center project, marking a shift from planning to development. The long-term lease is seen as a foundational step in advancing the Company’s aspirations in the European AI infrastructure market.
Potential Positives
- The company secured a long-term, 30-year land lease agreement for a designated site for its AI Data Center project, providing stability and a strong foundation for future growth.
- This agreement moves the company from the strategic planning phase into tangible development, indicating progress in its project ambitions.
- The site was strategically chosen for its robust power infrastructure and favorable climate, which aligns with the company's focus on energy-efficient solutions for next-generation AI applications.
- The local government support and collaboration with Orka Technologies enhances the company's position in the European market for AI infrastructure solutions.
Potential Negatives
- Entering into a 30-year land lease agreement may indicate a significant long-term financial commitment, posing risks if market conditions change or if the company's strategic direction shifts.
- The reliance on a single location for the planned AI data center could expose the company to operational risks if unforeseen issues arise in Mikkeli, Finland.
- Forward-looking statements present inherent uncertainties, and the disclosure warns that actual results may differ materially from expected outcomes, which could impact investor confidence.
FAQ
What is the purpose of the land lease agreement in Mikkeli?
The land lease agreement allows Aurora Core Technology to develop an AI data center in Mikkeli, Finland.
How long is the land lease agreement for?
The land lease agreement is for a duration of 30 years.
Why was the Mikkeli site selected for the data center?
The site was chosen for its strong power infrastructure, favorable climate, and local government support.
What is 3 E Network's vision for AI infrastructure?
3 E Network aims to become a next-generation AI infrastructure solutions provider in the European market.
What prior agreement supports this data center development?
This project follows a Master Services Agreement with Orka Technologies to co-develop AI infrastructure.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MASK Hedge Fund Activity
We have seen 2 institutional investors add shares of $MASK stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 37,170 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $21,238
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 28,653 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $16,372
- XTX TOPCO LTD added 18,536 shares (+inf%) to their portfolio in Q3 2025, for an estimated $10,591
- UBS GROUP AG removed 12,522 shares (-97.2%) from their portfolio in Q3 2025, for an estimated $7,155
- VIRTU FINANCIAL LLC removed 12,021 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $6,868
- JONES FINANCIAL COMPANIES LLLP removed 700 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $399
- OSAIC HOLDINGS, INC. added 366 shares (+inf%) to their portfolio in Q3 2025, for an estimated $209
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Full Release
HONG KONG, Jan. 12, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider with the inspiration to become a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced that its wholly-owned Finnish subsidiary, Aurora Core Technology Oy, has entered into a 30-year land lease agreement with the City of Mikkeli for a designated data center development site in the Pellosniemi industrial area of Mikkeli, Finland, covering approximately 101,071 square meters.
Dr. Tingjun Yang (right), CEO of 3 E Network, signing the land lease agreement with representatives of the City of Mikkeli (left).
Following the previously announced Master Services Agreement with Orka Technologies Oy ("Orka Technologies") to co-develop AI infrastructure, this new Agreement secures a designated parcel of land located at Karsikkoniemenkuja in the Pellosniemi industrial area of Mikkeli. The total site covers approximately 101,071 square meters. The lease term spans three decades, providing a stable foundation for Aurora Core to construct the planned data center and related equipment in accordance with applicable local detailed plan regulations.
This substantial land lease is specifically earmarked for the construction of the AI Data Center project referenced in the Company’s December 15, 2025 announcement. Securing this site marks a critical step that moves the project from the strategic planning phase into tangible development. The Company views this long-term commitment as the physical bedrock for its future in AI infrastructure, demonstrating a concrete vision for the European market. The Mikkeli site was strategically selected due to its robust power infrastructure, favorable climate for energy-efficient cooling, and strong local government support facilitated by Orka Technologies’ expertise. The Pellosniemi industrial area provides the ideal scale and power to meet the massive computing demands of next-generation AI applications.
For further details on the City of Mikkeli announcement, see: Aurora Core Technology Oy advances plans for an AI data center in Mikkeli, Finland https://mikkeli.fi/en/2026/01/09/aurora-core-technology-oy-advances-plans-for-an-ai-data-center-in-mikkeli-finland/ .
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) business solutions provider, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider. It upholds the industry consensus of “AI and energy symbiosis” and has excellent vision in the field of energy investment. The Company’s business comprises two main portfolios: the data center operation services portfolio and the software development portfolio. For more information, please visit the Company’s website at https://3emask.com/ .
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
3 E Network Technology Group Limited
Investor Relations Department
Email: [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/293b43fa-d658-40d0-910f-e0f594692267