RNS business update13 Jan 2026 07:10
All progressing nicely however two bits stand out on the RNS
Phase One comprises an 8MW facility, which is in the final stages of commissioning and is on track to complete by mid-February 2026. As announced on 16 December 2025, 60% of the facility's capacity has been pre‑sold, with the remaining 40% to be sold once the facility is complete. The facility has been designed to support both AI/HPC hosting and crypto mining, providing flexibility to optimise utilisation and returns as market conditions evolve.
Based on current assumptions, once fully operational the 8MW facility is expected to generate approximately US$3.8 million in annualised revenue, with an estimated gross margin of approximately 50%. These estimates are subject to prevailing market conditions, asset utilisation and operating performance.
So mid February for the completion of the storage plant in UAE but look at those revenue figures from the 8MW only … tick tock