UAE Achieves Remarkable Success in Bitcoin Mining
According to data from Arkham, the UAE has accumulated Bitcoin worth $453.6 million through mining in collaboration with partner Citadel. Notably, the UAE has retained most of its self-mined Bitcoin, with the last fund outflow recorded four months ago.
Significant Profit After Energy Cost Deduction
Despite the substantial energy requirements of Bitcoin mining, the UAE has achieved a profit of $344 million from its Bitcoin holdings after deducting energy costs. This highlights the nation's efficient operations and cost control capabilities in the Bitcoin mining sector.
- UAE has accumulated Bitcoin worth $453.6 million
- Last fund outflow occurred four months ago
- Profit currently stands at $344 million