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2026-02-19 10:44:54

UAE Government Mines $455M in Bitcoin via Citadel Mining

The post UAE Government Mines $455M in Bitcoin via Citadel Mining appeared first on Coinpedia Fintech News The UAE‑linked Citadel Mining has mined and held about 6,782 Bitcoin ($453.6 million), according to on‑chain data tracked by Arkham Intelligence. The mining push began in 2022 and leverages Abu Dhabi’s low‑cost energy and industrial facilities, with no major Bitcoin outflows in the past four months, suggesting a long‑term stance. After accounting for energy costs, unrealized profit …

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