Active Energy Group (AIM:AEG) shares surged, rising 10.9% to 12.5p after the company redeployed digital infrastructure from its 8 MVA UAE site to the Ghummud facility.
The company will reallocate clients originally scheduled for the UAE across the Ghummud and Kazna sites, and says contracted positions rose from approximately 35% to approximately 60%, providing visibility on near-term utilisation.
"The ability to redeploy pre-sold capacity onto energised infrastructure allows us to accelerate revenue and cash flow without delay," Paul Elliott, CEO, said.
The group confirmed the 8 MVA UAE site will act as the blueprint for a proposed 100 MVA rollout under its strategic collaboration with Bitdeer Technologies Group and is being configured to Bitdeer's technical specifications to ensure compatibility as the platform scales.
Active Energy says the anticipated ramp at Ghummud points to a clear pathway to positive free cash flow from operating activities.
