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3 E Network Technology Group Limited Announces Strategic Equity Investment in HashBeaver to Accelerate Blockchain Innovation

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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.

3 E Network Technology Group (MASK) ha annunciato un investimento strategico in equity in HashBeaver, un'azienda di cloud mining con sede a Singapore. Attraverso un Memorandum of Understanding (MoU) non vincolante, 3e Network prevede di acquisire una quota di partecipazione del 4,9% in HashBeaver a una valutazione pre-money di 30 milioni di dollari.

HashBeaver ha dimostrato significativi risultati operativi, tra cui:

  • Gestione di 9,6 EH/s di potenza di calcolo
  • Stabilimento di 5 strutture minerarie globali
  • Completamento di 290 MW di capacità al 2 luglio 2024
  • Aumento della capacità previsto a 425 MW entro la fine del 2024

La partnership mira a combinare l'esperienza nel software B2B di 3e Network con l'infrastruttura blockchain di HashBeaver. HashBeaver ha anche ottenuto investimenti strategici da MinerVa Semiconductor, un produttore di hardware per il mining di criptovalute.

3 E Network Technology Group (MASK) ha anunciado una inversión estratégica en acciones en HashBeaver, una empresa de plataforma de minería en la nube con sede en Singapur. A través de un Memorando de Entendimiento (MoU) no vinculante, 3e Network planea adquirir una participación del 4.9% en HashBeaver a una valoración pre-money de 30 millones de dólares.

HashBeaver ha demostrado logros operativos significativos, incluyendo:

  • Gestión de 9.6 EH/s de poder de computación
  • Establecimiento de 5 instalaciones de minería globales
  • Finalización de 290 MW de capacidad a partir del 2 de julio de 2024
  • Aumento de capacidad proyectado a 425 MW para finales de 2024

La asociación tiene como objetivo combinar la experiencia en software B2B de 3e Network con la infraestructura blockchain de HashBeaver. HashBeaver también ha asegurado inversiones estratégicas de MinerVa Semiconductor, un fabricante de hardware de minería de criptomonedas.

3 E Network Technology Group (MASK)는 싱가포르에 본사를 둔 클라우드 마이닝 플랫폼 회사인 HashBeaver에 대한 전략적 지분 투자를 발표했습니다. 비구속적인 양해각서(MoU)를 통해 3e Network는 HashBeaver의 4.9% 지분3000만 달러의 기업 가치로 인수할 계획입니다.

HashBeaver는 다음과 같은 중요한 운영 성과를 보여주었습니다:

  • 9.6 EH/s의 컴퓨팅 파워 관리
  • 5개의 글로벌 마이닝 시설 설립
  • 2024년 7월 2일 기준 290 MW 용량 완료
  • 2024년 말까지 425 MW로 용량 증가 예상

이번 파트너십은 3e Network의 B2B 소프트웨어 전문성과 HashBeaver의 블록체인 인프라를 결합하는 것을 목표로 하고 있습니다. HashBeaver는 또한 암호화폐 채굴 하드웨어 제조업체인 MinerVa Semiconductor로부터 전략적 투자를 확보했습니다.

3 E Network Technology Group (MASK) a annoncé un investissement stratégique en capital dans HashBeaver, une entreprise de plateforme de cloud mining basée à Singapour. À travers un protocole d'accord (MoU) non contraignant, 3e Network prévoit d'acquérir une participation de 4,9% dans HashBeaver à une valorisation pré-money de 30 millions de dollars.

HashBeaver a démontré des réalisations opérationnelles significatives, notamment:

  • Gestion de 9,6 EH/s de puissance de calcul
  • Établissement de 5 installations de mining mondiales
  • Achèvement de 290 MW de capacité au 2 juillet 2024
  • Augmentation de capacité projetée à 425 MW d'ici la fin de 2024

Le partenariat vise à combiner l'expertise en logiciel B2B de 3e Network avec l'infrastructure blockchain de HashBeaver. HashBeaver a également sécurisé un investissement stratégique de MinerVa Semiconductor, un fabricant de matériel de mining de cryptomonnaies.

3 E Network Technology Group (MASK) hat eine strategische Beteiligung an HashBeaver, einem in Singapur ansässigen Cloud-Mining-Plattformunternehmen, angekündigt. Durch ein unverbindliches Memorandum of Understanding (MoU) plant 3e Network, eine 4,9%ige Beteiligung an HashBeaver zu einem Pre-Money-Wert von 30 Millionen Dollar zu erwerben.

HashBeaver hat bedeutende betriebliche Erfolge vorzuweisen, darunter:

  • Management von 9,6 EH/s Rechenleistung
  • Einrichtung von 5 globalen Mining-Anlagen
  • Abschluss von 290 MW Kapazität zum 2. Juli 2024
  • Prognostizierte Kapazitätssteigerung auf 425 MW bis Ende 2024

Die Partnerschaft zielt darauf ab, die B2B-Softwarekompetenz von 3e Network mit der Blockchain-Infrastruktur von HashBeaver zu kombinieren. HashBeaver hat auch strategische Investitionen von MinerVa Semiconductor, einem Hersteller von Kryptowährungs-Mining-Hardware, gesichert.

Positive
  • Strategic expansion into blockchain technology through equity investment
  • Partnership with an established player managing 9.6 EH/s computing power
  • HashBeaver's backing by MinerVa Semiconductor adds credibility
  • HashBeaver's significant infrastructure with 290 MW capacity and planned expansion to 425 MW
Negative
  • MoU is non-binding with final terms subject to definitive agreement
  • Small minority stake (4.9%) limits control and influence
  • Investment represents entry into volatile cryptocurrency sector

Insights

3e Network's strategic investment in HashBeaver represents a calculated entry into the blockchain sector with initial capital commitment. The planned 4.9% equity stake at HashBeaver's $30 million pre-money valuation suggests an investment of approximately $1.47 million - a measured approach for a company with a market cap of $36.23 million.

This non-binding MoU reflects a exploratory strategy rather than full commitment, allowing 3e Network to gain blockchain exposure while limiting downside risk. The investment represents roughly 4% of 3e Network's market capitalization - significant but not transformative.

HashBeaver's operational metrics (9.6 EH/s computing power, 5 global mining facilities, 290 MW capacity) indicate an established operation with substantial infrastructure, while the backing from MinerVa Semiconductor provides technical credibility. The projected capacity increase to 425 MW suggests ongoing expansion that could increase HashBeaver's valuation if executed successfully.

For 3e Network, this represents a strategic pivot to diversify beyond traditional B2B IT solutions into emerging blockchain technologies. While cryptocurrency mining faces regulatory and energy consumption challenges, the partnership potentially opens avenues for integrating blockchain solutions into 3e Network's existing B2B services portfolio without requiring full operational investment in mining infrastructure.

This partnership creates interesting technical synergies between HashBeaver's specialized blockchain infrastructure and 3e Network's B2B IT expertise. The integration potential extends beyond cryptocurrency mining into enterprise blockchain applications like supply chain management, secure data sharing, and digital asset verification.

HashBeaver's 9.6 EH/s computing power represents significant hash rate capacity in the cryptocurrency mining space. For context, this constitutes a measurable portion of global mining operations, indicating HashBeaver's substantial technical infrastructure. The company's five global mining facilities suggest geographic diversification that mitigates regulatory risks in any single jurisdiction.

The planned capacity expansion from 290 MW to 425 MW by year-end represents a 46.6% increase in power capacity, signaling confidence in continued operations despite market volatility. The backing from MinerVa Semiconductor is technically significant as it potentially provides privileged access to mining hardware in a supply-constrained market.

For 3e Network, this partnership offers technical pathways to develop blockchain-enabled products within their existing B2B services. Rather than building blockchain expertise from scratch, this equity investment provides immediate access to established infrastructure and technical know-how. The modest stake size allows technical collaboration without operational control, enabling 3e Network to integrate selected blockchain capabilities while maintaining focus on their core B2B IT solutions.

Partnership Combines the Company’s B2B IT Expertise with HashBeaver’s Cutting-Edge Cloud Mining Solutions for Cross-Industry Growth

Guangzhou, China, March 20, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (“3e Network” or the “Company”) (Nasdaq: MASK), a business-to-business (“B2B”) information technology (“IT”) business solutions provider, today announced that it has entered into a Memorandum of Understanding (“MoU”) with HASH BEAVER PTE. LTD (“HashBeaver”), a Singapore-based company with a dedicated cloud mining platform in the digital currency financial sector. The MoU outlines the Company’s strategic equity investment in HashBeaver, marking a transformative step to integrate blockchain-driven solutions into its IT ecosystem.

Pursuant to the MoU, 3e Network intends to acquire a​ 4.9% equity stake in HashBeaver, valuing the cloud mining innovator at a ​pre-money valuation of $30 million. The MoU is a non-binding document and the final investment terms are subject to terms in a definitive agreement. The investment outlined in the MoU focused on merging 3e Network’s B2B software expertise with HashBeaver’s advanced blockchain infrastructure.

As a rising player in the digital asset space, HashBeaver has rapidly gained industry recognition for its expertise in cloud mining and cryptocurrency financial services. Leveraging the collective expertise and capital of industry giants, HashBeaver has secured strategic investment from MinerVa Semiconductor, a leading manufacturer of cryptocurrency mining hardware, providing a solid foundation for ongoing innovation and growth. Additionally, HashBeaver has reported the achievement of key milestones, including the management of 9.6 EH/s of computing power, the establishment of 5 global mining facilities, and the completion of 290 MW of capacity, as of July 2, 2024, according to its website. By the end of 2024, the total capacity is expected to reach 425 MW, according to the same source.

Dr. Tingjun Yang, Co-Chief Executive Officer and Director of 3e Network, commented: “We believe this MoU will strengthen our strategic collaboration and pave the way for broader cooperation in the future. By leveraging HashBeaver’s expertise and strong position in cloud mining services, we are confident in expanding our IT business solutions and creating significant value for both companies’ shareholders.”

About HashBeaver

HashBeaver is engaged in cloud mining services, dedicated to revolutionizing the digital currency landscape. The company provides solutions for digital asset management, catering to both individual and institutional clients. As a recipient of strategic investment from MinerVa Semiconductor, a cryptocurrency mining hardware manufacturer, HashBeaver continues to push the boundaries of innovation in computing power services. HashBeaver’s mission is to build secure, transparent, and compliant blockchain infrastructures. Through its global operations and strong emphasis on sustainability, HashBeaver empowers clients to achieve efficient and profitable digital asset management.

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. Through its two subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, the Company began by offering integrated software and hardware solutions for the property management and exhibition services spaces. Over time, 3 E Network expanded its software solutions offerings to serve a variety of sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The Company’s business comprises two main portfolios: the software development portfolio and the exhibition and conference portfolio. For more information, please visit the Company’s website at http://ir.3etech.cn.

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@3ekeji.cn


FAQ

What is the equity stake that 3e Network (MASK) plans to acquire in HashBeaver?

3e Network plans to acquire a 4.9% equity stake in HashBeaver, based on a pre-money valuation of $30 million.

What is HashBeaver's current computing power and facility capacity as of July 2024?

HashBeaver manages 9.6 EH/s of computing power, operates 5 global mining facilities, and has completed 290 MW of capacity.

What is HashBeaver's projected capacity by the end of 2024?

HashBeaver expects to reach a total capacity of 425 MW by the end of 2024.

How will the MASK stock benefit from the HashBeaver investment?

The investment aims to expand 3e Network's IT business solutions by integrating blockchain-driven solutions into its ecosystem, potentially creating value for shareholders.
3 E Network Technology Group Limited

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