Overview
- Arkham’s on-chain analysis attributes roughly 6,300–6,782 BTC to UAE-linked wallets, with total production estimated near 9,300 BTC and most coins retained.
- The operation has recently averaged about 4.2 BTC mined per day, indicating ongoing industrial-scale activity.
- Arkham estimates the UAE has generated about $453.6 million worth of bitcoin through partners such as Citadel, with roughly $344 million in unrealized profit excluding energy costs.
- The mining infrastructure was built in 2022 in Abu Dhabi with Phoenix Group, and Citadel Mining is tied to International Holding Company and the Royal Group.
- Based on publicly identified wallet data, the UAE now ranks among the largest sovereign bitcoin holders, with valuations fluctuating around $450 million to about $700 million depending on price.