3 E Network to Acquire 4.9% Stake in Cloud Mining Firm HashBeaver

, MT Newswires -  8:07 AM ET 3/20/2025 Company News

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08:07 AM EDT, 03/20/2025 (MT Newswires) -- 3 E Network Technology ( MASK ) said Thursday it has signed a memorandum of understanding to acquire a 4.9% equity stake in cloud mining technology firm HashBeaver, based on a pre-money valuation of $30 million.

3 E Network ( MASK ) said it aims to combine its business-to-business software capabilities with HashBeaver's blockchain infrastructure.

The final investment terms are still subject to a definitive agreement, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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