On February 19, according to Arkham data, the United Arab Emirates has earned $453.6 million in Bitcoin through Bitcoin mining in partnership with Citadel. It is reported that they have retained most of the Bitcoin they produced, with the last recorded fund outflow four months ago. After deducting energy costs, the UAE’s current profit on Bitcoin holdings is $344 million.
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UAE has accumulated $450 million worth of Bitcoin through mining.
On February 19, according to Arkham data, the United Arab Emirates has earned $453.6 million in Bitcoin through Bitcoin mining in partnership with Citadel. It is reported that they have retained most of the Bitcoin they produced, with the last recorded fund outflow four months ago. After deducting energy costs, the UAE’s current profit on Bitcoin holdings is $344 million.