Active Energy Group (AIM:AEG), which develops power-backed infrastructure for AI and digital-industry clients across the UAE and wider Gulf, said its Ghummud site is generating approximately $110,000 a month, in line with expectations.
The company, in a strategy update, said the scale of its opportunity has changed, shifting focus from proving individual sites toward larger developments for institutional counterparties. Its proposed 8 MW development, earmarked for deployment with Nasdaq-listed Bitdeer, could generate approximately $3.2 million a year in infrastructure revenue plus a share of digital asset production, based on the company's indicative modelling.
Bitdeer has evaluated the 8 MW site but indicated a preference for standalone deployments of around 20 MW or above, prompting AEG to pursue an additional 6 MW energised site, potentially expandable to 10 MW, through a third-party arrangement with the Private Office of HH Sheikh Mohammed bin Ahmed bin Hamdan Al Nahyan.
The company has also identified a 60 MW UAE infrastructure opportunity, with commercial terms under development with the Sheikh's Office, and opened early-stage talks with a major international digital infrastructure participant on requirements of up to 100 MW.
Separately, AEG is in advanced discussions to acquire a client base and sales platform generating more than $7 million in annual revenue, and has entered negotiations with a major ASIC manufacturer following the WDMS Global 2026 summit in Hong Kong.
"We have moved from proving the model to securing scale," said chief executive Paul Elliott, adding the company intends to use debt and structured capital "to protect shareholders from unnecessary dilution."
The group's immediate priorities include completing the 6 MW acquisition, assembling 20 MW or more of aggregated capacity, and progressing due diligence on the revenue platform.
News Intelligence what this means for the company
Active Energy Group has shifted from proving single-site viability to pursuing institutional-scale deployments, with a 60 MW opportunity under commercial negotiation and early talks on up to 100 MW capacity. The company's 8 MW Ghummud site is performing to plan at $110,000/month, but Bitdeer's preference for 20+ MW standalone deployments has prompted AEG to aggregate capacity—adding a 6 MW site and pursuing a third-party 10 MW expansion—while separately advancing acquisition of a $7M-revenue platform and ASIC manufacturer partnerships.
The shift from single-site proof-of-concept to multi-megawatt institutional contracts materially expands addressable market and revenue scale, though execution risk rises with the complexity of aggregating capacity and closing larger deals. The planned $7M revenue platform acquisition and debt-funded growth strategy signal intent to scale without shareholder dilution, but the company remains dependent on closing the 60 MW and 100 MW opportunities currently in negotiation.
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