3 E Network Technology announces progress on AI data center project in Finland

3 E Network Technology (MASK) announced progress on the construction progress of its AI data center project in Finland. Following the recent formal approval of the building permit, on-site construction activities have commenced, and the project is progressing in accordance with the current development plan. Following a long-term land lease agreement between the Company and the city of Mikkeli, Finland, the granting of the building permit provides a regulatory basis for the project to proceed. The company has transitioned from preliminary preparations to on-site construction. As of the date of this announcement, tree felling and site clearance have been completed, preparing the site for the next stages of construction. The project has entered the earthworks phase. Excavation and grading equipment has been deployed on site, and related construction activities are underway. This represents a further step in the company’s Finland data center development plan. The commencement of earthworks is intended to support the initial phase of the project, which is expected to include a 6MW computing facility, subject to further development and implementation.