HONG KONG, Oct. 20, 2026 (GLOBE NEWSWIRE) — 3 E Netwo k Tech ology G oup Limited (Nasdaq: MASK) (the “Compa y” o “3 E Netwo k”), a busi ess-to-busi ess (“B2B”) i fo matio tech ology (“IT”) busi ess solutio s p ovide committed to becomi g a ext-ge e atio a tificial i tellige ce (“AI”) i f ast uctu e solutio s p ovide , today p ovided a update o its Mikkeli AI compute ce te p oject i Fi la d. Followi g the Compa y’s a ou ceme t o Octobe 19, 2026 ega di g the disclosu e of the 9 MVA co e g id co ectio ag eeme t executed o Octobe 13, the Compa y’s ma ageme t p ovides this suppleme ta y disclosu e to the capital ma kets ega di g the mate ial impact of this e e gy asset o the Compa y’s lo g-te m comme cial model. Based o the cu e t i dust y co ditio s, this update outli es the st ategic a d fi a cial implicatio s of this high-capacity co ectio i helpi g p eve t compute cluste f agme tatio , suppo ti g access to clea e e gy, a d facilitati g ma ufactu i g schedules fo co e elect omecha ical equipme t.
I the cu e t expa sio cycle, the deployme t of e te p ise-g ade AI computi g capacity faces sig ifica t geog aphical dispa ities i i f ast uctu e availability. The t a smissio a d dist ibutio g ids i established Eu opea data ce te hubs (specifically the FLAP-D ma kets: F a kfu t, Lo do , Amste dam, Pa is, a d Dubli ) face st uctu al capacity co st ai ts. Co st ai ed by p olo ged e vi o me tal app oval p ocedu es fo substatio facility expa sio s, g id co ectio waiti g pe iods fo ew data ce te s have exte ded sig ifica tly, educi g the p edictability of p oject delive y.
I this supply-dema d e vi o me t, the o -schedule delive y of u de lyi g physical i f ast uctu e has eme ged as a ce t al va iable i the esea ch a d developme t cycles of la ge la guage models. Fo leadi g esea ch e te p ises that must secu e la ge-scale computi g capacity to develop t illio -pa amete a d ext-ge e atio multi-modal models, delays i i f ast uctu e di ectly t a slate i to substa tial comme cial oppo tu ity costs.
Agai st this backd op, 3 E Netwo k’s successful acquisitio of the substa tive access pe mit to the 20 kV Medium Voltage g id i the Fi ish Lake Dist ict is expected to help mitigate the mac o-i f ast uctu e executio isks fo the Mikkeli p oject. By suppo ti g the pla ed time-to-ma ket schedule fo 2027, the Compa y may ot o ly e ha ce the p edictability of the compute delive y cycle fo clie ts but also positio the p oject to be efit f om i f ast uctu e sca city withi the esou ce-co st ai ed Eu opea ma ket.
As the umbe of pa amete s i la ge AI models co ti ues to g ow, the equi eme t fo physical co tiguity withi data ce te s imposed by u de lyi g ha dwa e a chitectu es becomes i c easi gly st ict. Cu e tly, ack powe de sity fo ew-ge e atio compute cluste s ca exceed 100kW. Faci g these the mal loads, ce tai legacy facilities, which a e est icted by powe capacity a d equi ed to adopt dist ibuted oom layouts, may expe ie ce i c easi g system i teg atio costs a d educed computi g efficie cy.
The pla ed 9 MVA high-capacity ce t alized powe supply is expected to p ovide 3 E Netwo k with mo e esilie t physical etwo k topology co ditio s. This layout suppo ts the co ti uous deployme t of high-de sity e te p ise-g ade compute cluste s withi a si gle, co ce t ated physical zo e, the eby educi g pote tial East-West data t ave sal ove head associated with the dist ibutio of computatio al odes ac oss diffe e t zo es.
By educi g the le gth of high-speed i te co ect cables betwee se ve s at the physical laye , etwo k late cy du i g la ge-scale cluste pa allel t ai i g is systematically optimized. This e gi ee i g imp oveme t is i te ded to di ectly i c ease the clie t’s model t ai i g th oughput, the eby imp ovi g the etu o i vestme t (“ROI”) of a si gle la ge model t ai i g u f om a fi a cial fo ecasti g pe spective.
Withi the ope ati g expe ditu e (“OPEX”) st uctu e of data ce te s, the p ocu eme t p ice of elect icity is a dete mi i g facto fo compute leasi g g oss ma gi s. Suppo ted by Fi la d’s established hyd oelect ic a d wi d powe g id mat ix, the Mikkeli p oject establishes a st uctu al hedge agai st the volatility of global fossil fuel p ices, assisti g the Compa y i mai tai i g a stable a d cost-competitive lo g-te m pe -kilowatt-hou baseli e.
Fu the mo e, with the impleme tatio of the Co po ate Sustai ability Repo ti g Di ective (“CSRD”) ac oss the Eu opea U io , heavy compute co sume g oups, such as multi atio al fi a cial i stitutio s a d la ge healthca e e te p ises, a e subject to Scope 2 g ee house gas emissio s epo ti g equi eme ts. U de this complia ce f amewo k, 3 E Netwo k’s “High-P opo tio Clea E e gy A chitectu e” se ves mo e tha a e vi o me tal co po ate social espo sibility i itiative; athe , it t a sitio s i to a p e equisite p ocu eme t met ic fo clie ts to fulfill ope atio al complia ce. The st ategy of leve agi g ESG complia ce capabilities to meet custome s’ p ocu eme t equi eme ts is a ticipated to p ovide the Compa y with o -p ice competitive adva tages i futu e lo g-te m compute offtake ag eeme t egotiatio s.
P ese tly, the global data ce te elect omecha ical equipme t supply chai b oadly faces capacity co st ai ts. Without co fi med g id specificatio s, sig ifica t capital expe ditu e commitme ts ca y elevated st a ded asset isks; simulta eously, lead times fo co e mecha ical, elect ical, a d plumbi g (“MEP”) equipme t, i cludi g la ge-scale medium- a d low-voltage dist ibutio t a sfo me s a d heavy-duty backup ge e ato s, ca exte d ove multiple yea s. With the executio of the 9 MVA ag eeme t o Octobe 13, 3 E Netwo k obtai ed a clea e basis fo adva ci g its subseque t supply chai st ategy. The co fi matio of g id met ics may help educe the p oject’s co e executio isks a d p ovides g eate capital expe ditu e visibility fo the fo mulatio of detailed equipme t p ocu eme t pla s. Based o defi ed elect ical pa amete s, the Compa y is ow positio ed to place i evocable o de s with leadi g global supplie s. Th ough this measu e, the Compa y aims to secu e p io ity ma ufactu i g a d delive y schedules fo co e elect omecha ical equipme t, the eby safegua di g the ove all co st uctio p og ess of the Mikkeli p oject a d establishi g a co t olled executio pathway to achieve full comme cial ope atio i 2027.
