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 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.
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