RCS - Active Energy Group - UAE Crypto Mining Licence & Strategic Agreement

Active EnergyAnnouncement

Thu 07:00

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RNS Number : 2299D  Active Energy Group PLC  07 May 2026

This is a Reach (i.e. non-regulatory) announcement and the information
contained is not considered to be material or to have a significant impact on
management's expectations of the Company's performance.

 

7 May 2026

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

 

Execution of UAE Crypto Mining Licensing & Strategic Facilitation
Agreement

 

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to announce that its
subsidiary, Active Mining Group, has entered into a services and facilitation
agreement (the "Agreement") with the Private Office of His Highness Sheikh
Mohammed bin Ahmed bin Hamdan bin Mohammed Al Nahyan (the "Sheikh's Office")
and Black Road Investment Group and its affiliated companies ("Black Road") as
a liaison partner.

 

The Agreement establishes a framework to support the Company's continued
expansion within the United Arab Emirates' regulated digital asset mining
sector, with a focus on ultra-low cost power access, licensing and
infrastructure scaling.

 

Key Highlights

·      Enhanced Licensing Position - Abu Dhabi:

o  Active Mining Group already operates under multiple licences across the
UAE. This Agreement supports the addition of a dedicated Abu Dhabi
cryptocurrency mining licence, strengthening and enhancing the Company's
existing regulatory position and providing greater clarity for scaled
operations within a key jurisdiction.

 

·      Strategic Support from Sheikh's Office:

o  The involvement of the Sheikh's Office provides an important layer of
institutional support in navigating regulatory processes, infrastructure
access and stakeholder engagement, which are critical factors in executing
large-scale projects within the UAE.

 

·      Initial Deployment & Scaling Strategy (50 MVA):

o  The Agreement is structured to facilitate the development and aggregation
of an initial 50 Megavolt-Ampere ("MVA") of capacity across multiple sites
within the UAE, including sites owned or controlled by Black Road and its
affiliates, many of which are aligned with the Sheikh's Office.

o  This opportunity has been originated and advanced through the Company's
in-country team, whose established relationships and continued presence in the
UAE are enabling access to strategic counterparties, power allocation and
site-level opportunities.

 

·      Government & Infrastructure Coordination:

o  Coordinated engagement with federal and emirate-level authorities,
utilities and infrastructure providers to support efficient project delivery
and ongoing operations.

 

·      Power & Site Enablement:

o  Support in identifying, securing and progressing ultra-low cost power
capacity, land access and required approvals across multiple sites.

 

Strategic Context

 

This Agreement represents a key enabling component of Active Energy's UAE
digital infrastructure strategy, strengthening both regulatory alignment and
access to capacity.

 

The Company's strategy is based on combining:

·      Secured and scalable ultra-low cost power infrastructure (Active
Energy platform)

·      Local access, facilitation and execution capability (Sheikh's
Office and Black Road)

·      Technology, hardware and operational expertise (proposed Bitdeer
partnership)

 

These elements are expected to operate as a complementary framework, where the
Company's ability to secure and energise capacity is a key factor in
progressing deployment under the proposed Bitdeer structure.

 

In this context, the Agreement with Black Road and the Sheikh's Office is
expected to play a central role in enabling the Company to originate and
aggregate capacity, forming the foundation for future deployment and revenue
generation.

 

The Company therefore views these developments as interdependent components of
a single strategy, supporting its pathway toward building a scaled digital
infrastructure platform targeting 100 MVA.

 

Paul Elliott, CEO of Active Energy, commented: "This agreement is an important
step in aligning the key components required to deliver our strategy in the
UAE.

 

The support of the Sheikh's Office, alongside Black Road, strengthens our
ability to access and secure infrastructure at scale, while our in-country
team continues to originate and execute these opportunities on the ground.

 

Our ability to secure and energise capacity is a key factor in progressing
deployment under our proposed partnership with Bitdeer, and this agreement is
an important step in enabling that process.

 

We believe this integrated approach, combining infrastructure, local access
and global operating capability, provides a clear pathway toward our targeted
100 MVA deployment."

 

 Active Energy Group Plc                  Paul Elliott (CEO)                                      info@aegplc.com

                                          Pankaj Rajani (Non-Executive Chairman)

 Website                                  LinkedIn                                                 'X'

 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

 

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