Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) has signed a letter of intent with a Middle East subsidiary of Bitdeer Technologies Group (NASDAQ:BTDR) to develop a joint digital asset mining platform.
The non-binding agreement sets out plans for a profit-sharing partnership to support the AIM-listed renewable energy and digital infrastructure company's targeted 100MW rollout.
Under the proposed structure of the partnership, Active Energy will provide power, data centre infrastructure and operational management. Bitdeer Middle East Technology Ltd will supply digital asset mining equipment and technical support.
Each side will retain ownership of its assets. Active said this is part of its capital-light model, avoiding the need for large upfront investment while enabling scale.
The arrangement is expected to generate two revenue streams for the AIM-listed company: recurring income from infrastructure and hosting, alongside a share of mining output linked to digital asset production.
Active CEO Paul Elliott said the deal gives access to mining equipment and technical capability that would otherwise require significant up-front capital, at a time when demand for compliant and scalable infrastructure is increasing in key energy markets.
The company is pursuing a 100MW rollout using grid connections secured on deferred payment terms. This is intended to reduce upfront costs and allow expansion to be funded increasingly by cash flow.
"This is a defining step forward for Active Energy, Elliott said. "Partnering with a Nasdaq-listed global leader such as Bitdeer materially accelerates our strategy and validates the strength of our infrastructure platform."
He added: "Our focus now is on disciplined execution and scaling this platform towards our 100MW target and beyond."
The agreement remains subject to due diligence and final terms before a binding deal is signed.