3 E Network shares rise 12.51% premarket as procurement begins for Mikkeli AI data center project.

3 E Network surged 12.51% in premarket trading following the announcement that it has initiated procurement for the Mikkeli AI Data Center Project in Finland. The company, having secured a long-term land lease with the City of Mikkeli, began sourcing Long Lead Items (LLIs) across five infrastructure areas—prefabricated construction, modular power, hybrid cooling, optical interconnects, and IoT sensors—to support high-performance computing and large language model workloads. CEO Dr. Tingjun Yang emphasized the project’s role as a strategic cornerstone for the company’s AI infrastructure ambitions, aligning with its “Green and Low-Carbon, Modular Assembly, and Extreme Energy Efficiency” principles. The procurement process, conducted in parallel with permitting, aims to secure top-tier hardware to meet Finland’s stringent standards, positioning the project as a reference for digital infrastructure in the region. This development signals operational progress and reinforces the company’s commitment to AI-driven growth, likely driving investor optimism.