3 E Network Announces the Signing of Land Lease Agreement with City of Mikkeli, Finland
Rhea-AI Summary
3 E Network (Nasdaq: MASK) said its Finnish subsidiary Aurora Core Technology Oy signed a 30-year land lease with the City of Mikkeli for a designated data center site of approximately 101,071 square meters in the Pellosniemi industrial area.
The lease secures a parcel at Karsikkoniemenkuja intended for the company’s planned AI Data Center project and is described as moving the effort from strategic planning into tangible development. The site was chosen for its robust power infrastructure, favorable cooling climate, and local government support linked to Orka Technologies’ involvement.
Positive
- Secured a 30-year land lease for AI data center development
- Designated site covers approximately 101,071 square meters
- Site selected for robust power infrastructure supporting large compute
- Lease advances project from planning to tangible development
Negative
- None.
News Market Reaction – MASK
On the day this news was published, MASK gained 7.89%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.5% during that session. Argus tracked a trough of -17.2% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $757K to the company's valuation, bringing the market cap to $10M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
MASK was down 14.27% while sector peers flagged by momentum scanners, such as SGN (+23.93%) and JTAI (+4.42%), moved up. This divergence points to company-specific pressures rather than a pure sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 09 | Convertible note financing | Negative | -14.3% | Subsequent closing of US$2.0M convertible note financing with resale registration. |
| Dec 19 | Convertible note financing | Negative | +0.0% | Initial closing of US$2.0M convertible promissory note funding agreement. |
| Dec 15 | AI data center deal | Positive | +36.4% | Master Services Agreement to develop 26MW AI data center in Finland. |
| Oct 24 | Board changes (peer) | Neutral | +3.7% | Board reshuffle at PINTEC, including director resignations and new appointments. |
| Oct 20 | Convertible note financing | Negative | -3.8% | Closing of US$1.5M private convertible note offering with resale registration terms. |
Recent history shows positive AI-related developments drawing strong upside reactions, while convertible note financings tended to coincide with share price weakness.
Over the last few months, MASK combined growth initiatives with repeated convertible note financings. On Dec 15, 2025, an AI data center agreement in Finland saw shares jump 36.35%. Multiple convertible note deals on Oct 20, Dec 19, and Jan 9 brought gross proceeds but were followed by flat to negative reactions, including a -14.27% move on the latest closing. Today’s land lease for the same Finland AI project advances that buildout against a backdrop of prior dilution-focused funding events.
Market Pulse Summary
The stock moved +7.9% in the session following this news. A strong positive reaction aligns with prior enthusiasm for MASK’s Finland AI strategy, where the December AI data center agreement coincided with a 36.35% move. This land lease converts that concept into a specific 101,071-square-meter site under a 30-year term, advancing execution. Investors would still need to weigh past reliance on convertible notes and overall downtrend from the 4.1924 52-week high.
Key Terms
data center technical
artificial intelligence technical
ai infrastructure technical
AI-generated analysis. Not financial advice.
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: ird@3emask.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/293b43fa-d658-40d0-910f-e0f594692267
FAQ
What did 3 E Network (MASK) announce on January 12, 2026 regarding Mikkeli, Finland?
How large is the land parcel 3 E Network leased in Mikkeli for its AI data center (MASK)?
What is the lease term for Aurora Core's Mikkeli data center site (MASK)?
Why was the Mikkeli site chosen for 3 E Network's AI data center project (MASK)?
Does the Mikkeli land lease move 3 E Network's AI data center toward construction (MASK)?
Which subsidiary of 3 E Network signed the Mikkeli land lease and who are local partners (MASK)?
