Prompted by an additional point in a duplicate question asking whether the construction is always possible for arbitrary concentric circles, the following is about the general case of radii $\,A,B,C\,$ (where OP's question here is about $\,A=1,B=2,C=3\,$).
Let $\,a,b,c\,$ be points in the complex plane on the respective circles, and assume WLOG that $\,a=A \in \mathbb R\,$, since the problem is invariant to rotations. Let $\,\omega\,$ be a complex cube root of unity, then $\,\omega^2+\omega+1=0\,$, and the condition for the triangle $\,a,b,c,\,$ to be equilateral is:
$$
c-a + \omega(b-a)=0 \;\;\iff\;\; c = - \omega b + (1+\omega)a \tag{1} \;\;\iff\;\; c = - \omega b - \omega^2a
$$
Multiplying by the conjugate, and using that $\,\omega\overline\omega=|\omega|^2=1\,$, $\,\overline\omega=\omega^2\,$:
$$
\begin{align}
|c|^2 &= |b|^2+|a|^2 + a \left(\omega\overline\omega^2b+\overline\omega\omega^2\overline b\right) = |b|^2+|a|^2 + 2a \,\text{Re} \left(\omega^2 b\right)
\end{align}
$$
It follows that:
$$
\text{Re} \left(\omega^2 b\right) \,=\,\frac{|c|^2-|a|^2-|b|^2}{2a}=\frac{C^2-A^2-B^2}{2A} \tag{2}
$$
Since $\,\left|\omega^2 b\right|=|b|\,$, the condition for existence of a solution is:
$$
\left|\text{Re} \left(\omega^2 b\right)\right| \le |b| \quad\iff\quad \left(C^2-A^2-B^2\right)^2 \le 4 A^2 B^2 \tag{3}
$$
In that case:
$$
\text{Im} \left(\omega^2 b\right) \,=\,\pm \sqrt{|b|^2 - \left(\text{Re} \left(\omega^2 b\right)\right)^2}=\pm\sqrt{B^2-\left(\frac{C^2-A^2-B^2}{2A}\right)^2} \tag{4}
$$
When a solution exists according to $\,(3)\,$, equations $(2),(4)$ give $\,b\,$ (up to a reflection about the real axis), then $\,(1)\,$ gives $\,c\,$.
Quick verification for OP's case $\,a=A=1, B=2, C=3\,$, which satisfies $\,(3)\,$ so solutions exist.
From $\,(2)\,$: $\;\text{Re}\left(\omega^2b\right)=\frac{9-1-4}{2}=2\,$.
From $\,(4)\,$: $\;\text{Im}\left(\omega^2b\right)=\pm\sqrt{4-2^2}=0\,$.
Then $\,\omega^2 b=\text{Re}(\omega^2b)+i\,\text{Im}(\omega^2b)=2\,$, so $\,b = 2\omega\,$.
From $\,(1)\,$: $\;c=-\omega\cdot 2 \omega - \omega^2 \cdot 1 =-3\omega^2\,$.
Therefore the solution is $\,\big\{\,1, \,2 \omega, \,-3\omega^2 \,\big\}\,$ up to rotations and reflections, and it can be easily verified that the side length of the equilateral triangle is $\,|b-1|=\sqrt{7}\,$.
[ EDIT ] $\;$ Condition $\,(3)\,$ can be written as $\,\left(2AB\right)^2 - \left(A^2+B^2-C^2\right)^2 \ge 0\,$ and, after factoring the differences of squares twice, is equivalent to:
$$
(A+B+C)(A+B-C)(A-B+C)(-A+B+C) \ge 0 \tag{3'}
$$
This matches $\,(5)\,$ in Jean Marie's answer and, when $\,A \le B \le C\,$, is equivalent to $\,C \le A + B\,$ which matches the answer to another related question linked in Jean Marie's comment.