3 E Network Technology Group Limited Stock Price, News & Analysis

3 E Network Technology Group (Nasdaq: MASK) closed a private offering of a convertible promissory note dated Oct 20, 2025, with a principal amount of $1,500,000 convertible into Class A ordinary shares for aggregate gross proceeds of $1,380,000.

The Note was sold to an institutional investor under a Securities Purchase Agreement and accompanied by a Registration Rights Agreement requiring the company to file a resale registration statement on Form F-3 or Form F-1 (or successor form) with the SEC within five business days after filing its Form 20-F for the fiscal year ended June 30, 2025.

3 E Network Technology Group (NASDAQ: MASK) announced an amendment on October 15, 2025 to its previously announced private placement of senior convertible secured notes originally dated June 9, 2025.

Key changes under the Letter Agreement: (i) the remaining portion of the First Tranche Note and the Warrant exercise price cannot be converted or exercised below a $0.63 Floor Price (defined as 20% of the Minimum Price under Nasdaq rules as of June 9, 2025) and the company will pay the investor any resulting economic difference in cash if prices would otherwise fall below the Floor Price; and (ii) references to the second and third tranches are null and void. The Company intends to use net proceeds for general corporate purposes and working capital.

3 E Network Technology Group (NASDAQ:MASK), a B2B IT solutions provider, has received a deficiency notice from Nasdaq due to non-compliance with the minimum bid price requirement. The company's stock price remained below $1.00 for 30 consecutive business days between August 13 and September 24, 2025.

The company has been granted a 180-day compliance period until March 24, 2026 to regain compliance by maintaining a closing bid price of $1.00 or higher for at least 10 consecutive business days. If unsuccessful, MASK may be eligible for an additional 180-day period, provided it meets other Nasdaq Capital Market listing requirements. Options to regain compliance include implementing a reverse stock split.

3 E Network (NASDAQ:MASK), a B2B IT solutions provider, has announced plans to expand its global mining farm construction and hosting business in response to new stablecoin regulations. The announcement follows the enactment of Hong Kong's Stablecoin Ordinance and the U.S. GENIUS Act.

CEO Dr. Tingjun Yang emphasized that these regulations establish a framework for compliant stablecoins, focusing on full reserves, transparency, and stringent AML/CFT measures. The company views stablecoins as a crucial bridge between traditional finance and the digital economy, and plans to build a comprehensive compliance framework to meet various jurisdictional requirements.

3E Network (NASDAQ:MASK), a B2B IT solutions provider, released an exclusive interview with CEO Dr. Yang Tingjun discussing the company's strategic entry into cryptocurrency investments and vision for Web3.0 integration.

Dr. Yang emphasized that the company's recent cryptocurrency investment, particularly in Bitcoin, is part of their asset management strategy rather than a shift from their core B2B software services. He highlighted Bitcoin's role as 'digital gold' in the decentralized era, citing its anti-inflationary properties and potential in Web3.0 infrastructure.

The CEO outlined plans to accelerate investments in blockchain technology while maintaining robust risk management through professional partnerships and phased investment approaches. The company aims to integrate cryptocurrency technologies with existing IT solutions and leverage Web3.0 technologies including blockchain, AI, and big data to enhance enterprise client services.

3 E Network Technology Group (NASDAQ:MASK), a B2B IT solutions provider, announced the completion of the first tranche of its previously announced three-tranche private offering. The company plans to use part of the proceeds from this first tranche to purchase Bitcoin as part of its Web 3.0 strategy.

The total offering consists of $7.4 million in senior secured convertible notes and warrants to an institutional investor. The first tranche, worth $2.2 million, was issued in two installments and closed on July 8, 2025. This strategic move aims to build the company's cryptocurrency reserves and support its growth initiatives in the Web 3.0 space.

3 E Network Technology Group Limited (NASDAQ: MASK) has announced a $7.4 million convertible notes and warrant offering in three tranches to an institutional investor. The First Tranche consists of $2.2M in notes issued in two installments, the Second Tranche includes another $2.2M subject to market cap requirements, and the Third Tranche comprises $3.0M by mutual consent. The notes are convertible at either 120% of the 3-day VWAP prior to closing or 93% of the lowest 10-day VWAP. The company issued 1,248,611 Pre-Delivery Shares and pre-funded warrants for 213,389 additional shares. The deal includes registration rights requiring Form F-1 filing within 15 days of each tranche closing. Boustead Securities acted as exclusive placement agent.

3 E Network Technology Group (MASK) reported strong financial results for H1 FY2025. Revenue increased 5.3% to $3.13 million, driven by expanded software development services. Gross profit surged 49.3% to $1.59 million, with gross margin improving from 35.9% to 50.9% year-over-year.

Net income grew 56.2% to $1.07 million, with EPS increasing 57.1% to $0.11. R&D expenses rose 25.4% to $149,785, while cost of revenue decreased 19.2% through outsourcing and focus on high-margin business.

The company completed its IPO on January 10, 2025, raising $5 million by offering 1.25 million shares at $4.00 each. Cash and equivalents stood at $71,590 as of December 31, 2024.

3 E Network Technology Group (MASK) has announced a strategic equity investment in HashBeaver, a Singapore-based cloud mining platform company. Through a non-binding Memorandum of Understanding (MoU), 3e Network plans to acquire a 4.9% equity stake in HashBeaver at a pre-money valuation of $30 million.

HashBeaver has demonstrated significant operational achievements, including:

• Management of 9.6 EH/s of computing power
• Establishment of 5 global mining facilities
• Completion of 290 MW capacity as of July 2, 2024
• Projected capacity increase to 425 MW by end of 2024

The partnership aims to combine 3e Network's B2B software expertise with HashBeaver's blockchain infrastructure. HashBeaver has also secured strategic investment from MinerVa Semiconductor, a cryptocurrency mining hardware manufacturer.