Active Energy Group PLC (AIM: AEG | OTC: AEUSF) has signed a non-binding letter of intent with Bitdeer Middle East Technology Ltd., a subsidiary of Bitdeer Technologies Group (NASDAQ: BTDR), to form a strategic crypto mining partnership.
Strategic partnership framework
The agreement sets out plans for a joint mining venture built on a profit-sharing model. Active Energy will contribute ultra-low-cost power, grid connections and data centre infrastructure, while Bitdeer will supply mining hardware and technical expertise. Each party will retain ownership of its assets, supporting a capital-light, scalable structure.
Dual revenue model
The proposed partnership is designed to generate:
- Recurring income from power supply, hosting and infrastructure services
- Additional upside through a share of mining output
This structure provides stable base revenues while maintaining exposure to digital asset pricing.
Scaling a 100MW platform
The deal supports Active Energy’s ambition to build out a 100MW digital infrastructure platform. By leveraging Bitdeer’s scale and equipment access, the company can accelerate deployment without significant upfront capital expenditure.
CEO Paul Elliott said the partnership “materially accelerates” the company’s strategy and validates its infrastructure-led approach, highlighting the ability to scale efficiently without heavy capital investment.
Next steps
The agreement remains non-binding and subject to due diligence and final terms. If completed, the partnership would position Active Energy as a scalable digital infrastructure provider, aligned with growing global demand for energy-efficient crypto mining capacity.
