3 E Network Technology Group Limited (NASDAQ: MASK) shares hiked Monday. The company, a business-to-business information technology business solutions provider committed to becoming a next-generation artificial intelligence infrastructure solutions provider, today announced that its Finland-based subsidiary, Aurora Core Technology Oy, has signed a power distribution network connection agreement with local distribution system operator Järvi-Suomen Energia Oy.
The Agreement, executed on October 13, marks an important infrastructure milestone for the Company’s Mikkeli AI compute center project in Finland. By finalizing this Agreement, 3 E Network has secured a contractual framework for the power connection needed to support the planned deployment of high-performance AI compute clusters, further advancing the commercial development of its “Multi-Megawatt Green AI Compute Architecture.”
For the regular operation of multi-tenant, high-density AI compute centers, a stable and large-scale power supply is a core condition for ensuring the continuity of Large Language Model training, and it concurrently forms a significant infrastructure barrier to entry in the current compute leasing market.
Under the terms of the Agreement, JSE, a wholly owned subsidiary of Finnish energy group Suur-Savon Sähkö Oy and a local DSO, will leverage its grid network serving over 100,000 users to connect 3 E Network’s Mikkeli AI compute center to a 20 kV medium-voltage grid, providing a total ordered capacity of 9,000.00 kVA.
MASK shares climbed 14 cents, or 16.1%, to 94.3 cents.
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