Active Energy Group advances UAE crypto mining with new licensing and power agreements

Active Energy Group's subsidiary, Active Mining Group, signed an agreement with the Private Office of HH Sheikh Mohammed bin Ahmed bin Hamdan bin Mohammed Al Nahyan and Black Road Investment Group to support licensing, power access, and site development for cryptocurrency mining in Abu Dhabi. This deal adds a dedicated Abu Dhabi crypto mining license to Active Mining Group's existing UAE licenses and aims to develop 50 MVA capacity across multiple sites. The framework facilitates engagement with authorities and infrastructure providers to secure low-cost power and land access, supporting Active Energy's goal of deploying 100 MVA capacity in the UAE.