The UAE has mined approximately $453.6 million in Bitcoin through its partnership with Citadel, focusing on retaining the majority of the Bitcoin produced rather than selling it, consistent with their long-term accumulation strategy. As a state-backed miner, the UAE’s approach exemplifies sovereign adoption of Bitcoin mining aimed at building national digital reserves amid global diversification trends. Currently, the country enjoys a profit of $344 million, excluding energy costs, from its Bitcoin production.
UAE mines $450M Bitcoin, holds majority of production
