Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) told investors that its Ghummud digital infrastructure facility generated maiden revenue of US$319,637 during its first full quarter of operations, with performance matching the board’s expectations.
The UAE facility contributed revenue for the three months ended 31 July 2026 after infrastructure was redeployed to the site in May. Active Energy completed the Ghummud acquisition on 9 April.
Management expects revenue per megavolt-ampere to increase as engineering work improves efficiency, uptime and power utilisation. The company is also evaluating targeted, low-capital infrastructure upgrades that could increase available power capacity, although the potential uplift, costs and timetable have not been quantified.
Chief executive Paul Elliott said Ghummud was progressing towards its previously announced steady-state operating potential.
"Ghummud's first revenue is an important milestone. Performance since the site began contributing revenue in May is in line with our expectations for this stage of the ramp-up, and as we energise further capacity we expect it to become an increasingly valuable contributor to the Group's recurring revenues," he added.
"Importantly, these results have been achieved whilst the site continues to undergo optimisation and during a period of continued volatility in digital asset markets and heightened geopolitical uncertainty within the Middle East."
The facility is Active Energy’s first operational asset under its strategy of acquiring and optimising power-backed digital infrastructure across the UAE.
