3 E Network Advances European AI Data Center Project Through Nordic Subsidiary Aurora Core Technology Oy

3 E Network’s Finnish subsidiary is now executing front-end engineering, compliance and procurement work for its multi-megawatt AI data center project in Europe.

Rhea-AI Summary

3 E Network Technology Group (MASK) has moved its European AI data center initiative in Finland into the substantive implementation and execution phase through its wholly owned Nordic subsidiary, Aurora Core Technology Oy.

The Finnish entity has assumed the local deployment mandate for the company’s multi-megawatt green energy architecture and is managing six operational pillars. These include issuing formal RFPs for liquid-cooled, high-density computing infrastructure; advancing negotiations toward binding grid interconnection and dual-redundant power feeds; progressing Environmental Impact Assessment filings with a focus on water recycling, noise, and lifecycle carbon; and structuring potential waste-heat monetization with municipal heating providers.

Aurora Core is also formalizing engineering and construction partnerships suited to Finnish conditions and aligning infrastructure with EU data sovereignty and security standards. Net proceeds from a previously completed $1.0 million private placement by a CEO-affiliated entity are funding front-end engineering, environmental documentation, and power systems studies to prepare for full-scale construction.

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-1.87% vs previous close $0.89 last price 92.0x rel. volume Open Argus

Details

Market Reaction – MASK

+3.0% Peak Tracked

-17.2% Trough Tracked

$0.86 $1.04 Day Range

$3.20M Market Cap

On Sep 23, the day this news came out, the latest delayed price for MASK is 1.87% below the previous close. Argus tracked a peak move of +3.0% during the session. Argus tracked a trough of -17.2% from its starting point during tracking. Our momentum scanner has recorded 15 alerts for this stock so far that day. The latest delayed price is $0.89. Relative volume is exceptionally heavy at 92.0x the average.

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Market Context

On Sep 22, MASK's Finnish project update defined a multi-megawatt green-energy architecture; this re...

Analysis

On Sep 22, MASK's Finnish project update defined a multi-megawatt green-energy architecture; this report describes that same project moving into local procurement and implementation, making the prior record a direct planning-stage reference.

Key Figures

Private placement proceeds: $1.0 million

Private placement proceeds

$1.0 million

Net proceeds allocated to front-end engineering design for the project

Previous AI Reports

1 past event · Latest: Sep 22

Same Type 1 event

1. Sep 22

   AI project update

   24h Move

   +5.5%

   Earlier multi-megawatt green-energy architecture advanced the same Finnish data-center project toward physical infrastructure planning.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

requests for proposals, environmental impact assessment, general data protection regulation, uninterruptible power supply, +1 more

5 terms

requests for proposals technical

"Aurora Core Technology Oy has issued formal Requests for Proposals"

A request for proposals (RFP) is a formal document an organization issues when it wants outside vendors to bid on supplying goods, services, or projects; it describes needs, selection criteria, and terms so different providers can propose solutions and prices. Investors care because winning RFPs can create predictable revenue, signal competitive strength, or indicate future costs and commitments—think of it like a public tender or a company putting a job out to competitive bid, where the outcome can affect sales, margins, and growth prospects.

environmental impact assessment regulatory

"translate baseline studies into formal Environmental Impact Assessment filings"

An environmental impact assessment is a process that evaluates how a planned project or development might affect the natural environment, including air, water, land, and wildlife. It helps identify potential risks and suggests ways to minimize harm before the project begins. For investors, it matters because projects with significant environmental risks may face delays, increased costs, or restrictions, affecting their overall viability and returns.

general data protection regulation regulatory

"align with the EU’s General Data Protection Regulation"

General Data Protection Regulation is a set of legal rules from the European Union that governs how companies collect, store, use and share personal information about people. It matters to investors because compliance affects costs, how a business can operate across borders, and the risk of heavy fines or damage to customer trust—similar to guardrails that shape how safely and freely a company can drive its data-dependent products and services.

uninterruptible power supply technical

"high-efficiency modular Uninterruptible Power Supply systems"

An uninterruptible power supply (UPS) is a backup electrical system that instantly provides power when the main electricity fails, like a battery that keeps essential devices running until normal power returns or a generator starts. Investors care because UPS units protect revenue-generating operations, prevent costly downtime, and safeguard sensitive equipment and data — much like an emergency brake that preserves value during unexpected outages.

power usage effectiveness technical

"designed to optimize Power Usage Effectiveness"

Power usage effectiveness (PUE) is a simple ratio that compares the total energy a facility uses (cooling, lighting, power losses) to the energy used directly by computing equipment; a lower number means more of the power is doing productive work. For investors, PUE acts like a fuel-efficiency rating for data centers — better PUE usually means lower operating costs, smaller environmental footprint, and a competitive advantage when scaling operations or meeting sustainability expectations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, Sept. 23, 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, committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced that its Nordic strategic subsidiary and Finnish project entity, Aurora Core Technology Oy, has entered the substantive implementation and execution phase of the project. Building on the Company’s recently established multi-megawatt green energy architecture, this transition advances the data center project from feasibility planning into localized construction preparation and procurement.

Strategic Subsidiary Assumes Execution Mandate for Localized Implementation

Operating as a wholly-owned strategic subsidiary, Aurora Core Technology Oy has formally assumed the localized deployment mandate for the newly established high-capacity green energy architecture. By assigning the Nordic subsidiary responsibility for local implementation, 3 E Network establishes a clear framework for compliance management and capital allocation, creating a foundation for potential regional expansion. The entity is currently managing progress across six operational pillars:

• Issuing Formal RFPs for Core Supply Chain: Building on preliminary vendor evaluations and the finalized liquid-cooling parameters, Aurora Core Technology Oy has issued formal Requests for Proposals (“RFPs”) for critical hardware designed to support next-generation high-density computing platforms, including the NVIDIA Vera Rubin architecture. Initial procurement focuses on high-capacity Liquid-to-Liquid Cooling Distribution Units, high-efficiency modular Uninterruptible Power Supply systems, and high-ampacity intelligent busways, aimed at securing essential production capacity.
• Advancing Grid Interconnection Contracts: Acting on behalf of 3 E Network, the Aurora execution team is advancing from initial power capability studies to negotiations toward binding interconnection and capacity allocation with a regional utility provider. Negotiations currently focus on integrating multi-megawatt grid connections, engineering schedules for concurrently maintainable dual-redundant power feeds, and evaluating local power distribution and step-down efficiencies.
• Progressing EIA Filings: The entity is working alongside regional regulators and environmental consultants to translate baseline studies into formal Environmental Impact Assessment (“EIA”) filings. Key evaluation metrics include liquid-cooling water recycling rates, acoustic management for cooling towers, and lifecycle carbon footprints, aiming to support the facility’s alignment with the Scope 3 emissions standards required by enterprise clients.
• Structuring Municipal Waste Heat Monetization: Supported by earlier feasibility reviews, the representatives of the subsidiary have commenced commercial discussions with municipal heating providers. The program aims to capture high-grade waste heat from the AI data center’s liquid-cooling loops and route it into the local district heating grid. This structure is intended to reduce the facility’s carbon footprint while evaluating potential revenue-sharing mechanisms.
• Formalizing Local Engineering and Construction Partnerships: To implement the infrastructure plan, the Company is coordinating with Nordic architectural firms, structural engineers, and Mechanical, Electrical, and Plumbing contractors. Priorities include defining load-bearing structural specifications for fully populated AI racks and establishing construction schedules suited to Finland’s winter climate.
• Integrating EU Data Sovereignty and Security Standards: The entity is developing its infrastructure and compliance framework to align with the EU’s General Data Protection Regulation, the EUAI Act, and EN 50600 data center standards. Planning has begun for the procurement and installation of biometric mantraps and physical perimeter security topologies.

Deploying Capital for Front-End Engineering and Compliance

Aurora Core Technology Oy’s implementation activities are supported by the Company’s recent capital allocation. 3 E Network confirms that net proceeds from the $1.0 million private placement, subscribed by a CEO-affiliated entity, are funding critical Front-End Engineering Design activities through the local subsidiary. For site preparation, capital is allocated toward comprehensive geotechnical site surveys to verify the ground-bearing capacity required for high-density racks. Concurrently, the funding supports climate modeling teams analyzing a decade of local microclimate meteorological data against the thermodynamic requirements of the liquid-cooling systems, to establish free-cooling operating parameters designed to optimize Power Usage Effectiveness.

Regarding regulatory and permitting processes, this capital funds the preparation of EIA technical documentation, addressing requirements such as acoustic emission modeling and water recycling verification. Furthermore, the Finnish operational group has retained electrical engineering experts to conduct power flow analysis and short-circuit studies in coordination with the utility provider. The Company has systematically established the technical, environmental, and operational expenditure frameworks required for the project prior to full-scale construction.

Management Commentary

“With our infrastructure blueprint for next-generation AI computing now established, Aurora Core Technology Oy is taking responsibility for local project implementation as we move into the next phase of our European deployment,” stated Dr. Tingjun Yang, Chief Executive Officer of 3 E Network. “For cross-border data center projects, using a local subsidiary to manage procurement and contract negotiations directly is a standard and necessary procedure to maintain project timelines. Supported by our recent funding, our Finnish team is actively translating specific engineering parameters into supply chain orders and grid interconnection agreements. We intend to maintain this execution pace as we advance the commercialization of our operations in Europe.”

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 a strong 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 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 the Company’s 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: ird@3emask.com
Website: https://3emask.com/