The partnership combines 3 E Network Technology Group Limited’s B2B IT proficiency with HashBeaver’s innovative cloud mining solutions to promote growth across various industries.
Guangzhou, China, March 20, 2025 – 3 E Network Technology Group Limited (“3e Network” or the “Company”) (Nasdaq: MASK), a provider of business-to-business (“B2B”) information technology (“IT”) solutions, announced today that it has signed a Memorandum of Understanding (“MoU”) with HASH BEAVER PTE. LTD (“HashBeaver”), a Singaporean company that operates a cloud mining platform focused on digital currency finance. The MoU details 3e Network’s strategic equity investment in HashBeaver, a move designed to incorporate blockchain-based solutions into its IT offerings.
According to the MoU, 3e Network plans to acquire a 4.9% equity stake in HashBeaver, giving the cloud mining company a pre-money valuation of $30 million. The MoU is non-binding, and the final terms of the investment will be defined in a definitive agreement. The investment outlined in the MoU is intended to integrate 3e Network’s B2B software capabilities with HashBeaver’s advanced blockchain infrastructure.
HashBeaver has quickly become recognized in the digital asset sector for its expertise in cloud mining and cryptocurrency financial services. With strategic investment from MinerVa Semiconductor, a leading manufacturer of cryptocurrency mining hardware, HashBeaver has a strong base for continued innovation and expansion. HashBeaver’s website states that it has reached significant milestones as of July 2, 2024, including managing 9.6 EH/s of computing power, establishing 5 global mining facilities, and completing 290 MW of capacity. The same source indicates that total capacity is projected to reach 425 MW by the end of 2024.
Dr. Tingjun Yang, Co-Chief Executive Officer and Director of 3e Network, stated, “We expect this MoU to enhance our strategic alliance and enable more extensive collaboration in the future. By utilizing HashBeaver’s expertise and strong position in cloud mining services, we are confident that we can broaden our IT business solutions and generate substantial value for shareholders of both companies.”
About HashBeaver
HashBeaver is a cloud mining services provider focused on transforming the digital currency industry. The company delivers digital asset management solutions for individual and institutional clients. HashBeaver is dedicated to advancing computing power services through strategic investment from MinerVa Semiconductor, a cryptocurrency mining hardware manufacturer. HashBeaver aims to develop secure, transparent, and compliant blockchain infrastructures. With its global operations and focus on sustainability, HashBeaver helps clients manage digital assets efficiently and profitably.
About 3 E Network Technology Group Limited
3 E Network Technology Group Limited is a business-to-business (“B2B”) information technology (“IT”) solutions provider. Initially, through its subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, the Company offered integrated software and hardware solutions for property management and exhibition services. 3 E Network has since broadened its software solutions to include sectors such as food service, real estate, exhibitions and conferences, and clean energy utilities. The Company’s business is divided into two main areas: software development and exhibition and conference services. For more information, please visit the Company’s website at .
Forward-Looking Statements
This announcement contains certain forward-looking statements that involve risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding future events and may affect its financial condition, results of operations, business strategy, and financial needs. Such forward-looking statements can be identified by terms like “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements to reflect new events or circumstances, or changes in expectations, except as required by law. While the Company believes these expectations are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ significantly from anticipated results. Investors are encouraged to review other factors that could affect the Company’s future results in its registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
3 E Network Technology Group Limited
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