Active Energy Group (LSE:AEG) has signed a non-binding LOI with Bitdeer Middle East Technology, a wholly owned subsidiary of Nasdaq-listed Bitdeer Technologies Group, to establish a joint mining partnership to accelerate the Company's targeted 100MW rollout.
The LOI frames a capital-efficient, scalable tie-up that combines Active Energy's secured grid capacity, ultra-low-cost power and data centre hosting with Bitdeer's mining technology and operational expertise, with each party retaining ownership of its assets.
Under the proposed arrangements Active Energy will provide grid‑secured power, infrastructure, hosting services and operational management while Bitdeer will deploy and supply mining equipment and associated technical support on a profit‑sharing basis.
The structure is intended to deliver recurring infrastructure and hosting revenues plus upside through a negotiated profit-share linked to mining output.
Active Energy says the deal gives it access to large volumes of kit and specialist capability without significant upfront capital, supporting its infrastructure‑first, capital‑light expansion and use of deferred payment terms for grid connections.
The LOI remains non-binding and is subject to due diligence, final commercial terms and execution of binding documentation.
"Partnering with a Nasdaq-listed global leader such as Bitdeer materially accelerates our strategy and validates the strength of our infrastructure platform," Paul Elliott, CEO, said.
