No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Active Energy announced on Tuesday that it has signed a strategic distribution agreement with Fog Hashing, giving it distribution rights across the Gulf Cooperation Council region for modular digital infrastructure used in high-performance computing, artificial intelligence and digital asset hosting.
The AIM-traded company said the agreement would improve access to infrastructure, deployment expertise, technical support and commercial purchasing terms as it expands its portfolio of ultra-low-cost power-connected sites in the UAE and wider GCC.
It said the partnership should help shorten the time between securing grid-connected locations and deploying revenue-generating digital infrastructure.
"This is more than a supply agreement," said chief executive Paul Elliott.
He added that the modular nature of Fog Hashing's platform supported both current hosting applications and future AI and HPC opportunities, and said the deal represented another step in establishing Active Energy as a recognised digital infrastructure platform across the GCC.
At 1139 BST, shares in Active Energy Group were up 2.05% at 0.1p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.