REG - Active Energy Group - LOI signed with Bitdeer Middle East Technology Ltd

Active EnergyAnnouncement

24/04/2026 07:00

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RNS Number : 7058B  Active Energy Group PLC  24 April 2026

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.

24 April 2026

Active Energy Group plc

 

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

 

LOI signed with Bitdeer Middle East Technology Ltd. to Accelerate 100MW
Digital Infrastructure Strategy

 

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to announce that it has
signed a non-binding Letter of Intent ("LOI") with Bitdeer Middle East
Technology Ltd., a wholly owned subsidiary of Bitdeer Technologies Group
(NASDAQ: BTDR) ("Bitdeer"). Bitdeer is a global leader in digital asset mining
infrastructure and ASIC manufacturing.

 

The LOI establishes the framework for a strategic joint mining partnership,
positioning Active Energy to rapidly transition into a scaled,
revenue-generating digital infrastructure platform aligned with its targeted
100MW rollout.

 

Strategic Partnership with a Global Market Leader

 

Under the proposed structure, the parties intend to enter into a joint mining
agreement on a profit‑sharing basis, combining Active Energy's secured power
and infrastructure platform with Bitdeer's mining technology and operational
expertise.

 

Under the arrangements:

·      Active Energy will provide grid‑secured ultra-low-cost power,
data centre infrastructure, hosting services and ongoing operational
management; and

·      Bitdeer will deploy and supply the mining equipment together with
associated technical support.

 

Each party will retain ownership of its respective assets, creating a highly
capital-efficient and scalable model.

 

Through this partnership, Active Energy gains access to volumes of mining
equipment and specialist technical capability that would otherwise require
substantial upfront capital investment. This enhances the Company's ability to
scale its operations while maintaining a disciplined, infrastructure‑led and
capital‑light strategy.

 

Attractive, Dual-Layer Revenue Model

 

The proposed structure provides Active Energy with multiple revenue streams,
including:

·      Recurring revenues from infrastructure, power provision and
hosting services; and

·      Additional upside through a profit-sharing mechanism linked to
mining output, currently under negotiation.

 

This model is designed to generate stable base revenues while providing
exposure to digital asset production and potential upside from market
conditions.

 

At current digital asset pricing levels and assuming full deployment of the
targeted capacity, the Company expects the platform to deliver meaningful
gross revenue potential at scale, before operating costs and network
adjustments.

 

Positioned for Scalable Growth

 

The LOI reflects increasing demand from global operators for reliable,
compliant and scalable infrastructure solutions in key energy markets. Active
Energy's strategy - focused on ultra-low cost power, securing grid capacity
and deploying flexible, modular infrastructure - positions the Company to
capture this demand efficiently and at scale.

 

The Board believes that partnering with a Nasdaq-listed operator of Bitdeer's
scale provides strong third-party validation of the Company's platform,
strategy and growth trajectory.

 

Disciplined, Capital-Efficient Expansion Strategy

 

Active Energy's 100MW rollout is underpinned by a highly capital-efficient
model, with overall capital requirements reduced through the proactive
acquisition of grid connections on deferred payment terms and a disciplined
approach to infrastructure development.

 

This approach materially lowers upfront capital intensity and positions the
Company to scale in a controlled and efficient manner. As assets are brought
into operation, the platform is expected to increasingly support its own
growth through internally generated cash flows, reinforcing a self-sustaining
expansion model.

 

Final revenue outcomes will vary materially depending on the price of digital
assets, network difficulty, equipment performance and final commercial terms,
and are not guaranteed.

 

Next Steps

 

The LOI sets out the framework for a definitive agreement and remains subject
to due diligence, final commercial terms and execution of binding
documentation.

 

The Board believes this agreement represents a significant step in positioning
Active Energy as a scaled digital infrastructure platform and a partner of
choice for global operators seeking efficient deployment solutions.

 

Further updates will be provided in due course.

 

Paul Elliott, CEO of Active Energy Group plc, commented: "This is a defining
step forward for Active Energy. Partnering with a Nasdaq-listed global leader
such as Bitdeer materially accelerates our strategy and validates the strength
of our infrastructure platform.

 

Crucially, this partnership provides us with access to large-scale mining
equipment and operational capability without the need for significant upfront
capital investment. This allows us to scale quickly, efficiently and in line
with our infrastructure-first model.

 

Our focus now is on disciplined execution and scaling this platform towards
our 100MW target and beyond."

 

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

                                          Pankaj Rajani (Non-Executive Chairman)

 Zeus                                     Antonio Bossi / Darshan Patel / Chris Wardley           Tel: +44 (0) 203 829 5000

 Nomad and Broker                         (Investment Banking)

                                          Nick Searle                                             Tel: +44 (0) 203 829 5633

                                          (Sales)

 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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