Active Energy Group PLC – London-based Renewable energy solutions company – MVA UAE site is now “prepared and ready” for data infrastructure required for future operations. Active Energy is working alongside Bitdeer Technologies Group, the Singapore-based Bitcoin mining company, to develop a Bitcoin mining operation, with Active Energy providing power, hosting and operational delivery while Bitdeer provides mining equipment and infrastructure. “We are pleased to demonstrate the operational progress being made across our UAE platform and to show shareholders the journey from concept through to infrastructure readiness,” says Paul Elliot, chief executive officer of Active Energy. The site, when active, is expected to deliver USD300,000 in revenue per mega-volt-ampere per year from infrastructure and power hosting, in addition to 8.3 bitcoin per mega-volt-ampere per year, subject to network conditions. Adds Elliot: “We believe the combination of infrastructure readiness, local execution capability and strategic partnerships positions the company strongly for future scaling opportunities across the UAE.”
Current stock price: 0.11 pence
12-month change: down 50%
By John Robaina, Alliance News reporter
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