Acceleration of Revenue at Ghummud Site
Summary by AI BETAClose X
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
05 May 2026
Active Energy Group plc
("Active Energy", the "Company" or the "Group")
Acceleration of Revenue at Ghummud and Validation of Pre-Sold Capacity Strategy
Further to the Company's announcement dated 20 April 2026 regarding the energisation of the Ghummud site, Active Energy is pleased to confirm that it has successfully redeployed digital infrastructure originally procured for its 8 Mega Volt Ampere ("MVA") development site in the United Arab Emirates ("UAE") to the Ghummud facility, enabling immediate utilisation and accelerated revenue generation.
Following the Company's announcement on 28 April 2026 confirming that the 8 MVA UAE site will act as the blueprint for the proposed 100 MVA rollout under the strategic collaboration with Bitdeer Technologies Group, the Company has taken the decision to reallocate clients originally scheduled for the 8 MVA UAE site across the Ghummud and the Kazna sites, once energised.
As disclosed in the Company's RNS of 6 October 2025, approximately 35% of the 8 MVA capacity had been pre-sold, increasing to approximately 60% as announced on 13 January 2026. These contracted positions provide clear visibility on near-term utilisation and underpin the Company's ability to transition customers immediately onto energised capacity.
Once at maximum capacity, the Ghummud site will be capable of generating annualised hosting revenue of $400,000 per MVA per annum. We anticipate this will be achieved within the next six weeks. This demonstrates a clear pathway to positive free cashflow for the operating activities of the Group.
In parallel, the Company is progressing the configuration of its 8 MVA UAE development site to Bitdeer's technical specifications. This standardisation is designed to ensure full compatibility across the planned rollout, maximising performance, reliability and operational efficiency as the platform scales.
Paul Elliott, CEO of Active Energy Group plc, commented:
"This update highlights both the strength of our commercial model and the execution capability of the platform we are building. The ability to redeploy pre-sold capacity onto energised infrastructure allows us to accelerate revenue and cash flow without delay.
At the same time, aligning our 8 MVA UAE site to Bitdeer's specifications ensures we are developing a standardised, high-performance platform ready for scale. This combination of contracted demand, operational flexibility and strategic alignment puts us in a strong position as we progress towards our 100 MVA target."
The Company will continue to update the market as further capacity is energised and deployed.
Enquiries:
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Active Energy Group Plc |
Paul Elliott (CEO)
Pankaj Rajani (Non-Executive Chairman)
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info@aegplc.com |
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Zeus Nomad and Broker |
Antonio Bossi / Darshan Patel (Investment Banking)
Nick Searle (Sales)
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Tel: +44 (0) 203 829 5000
Tel: +44 (0) 203 829 5633 |
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Website |
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'X' |
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www.linkedin.com/in/active-energy-group-plc/
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