Arkham reported on X that a UAE-linked Bitcoin mining operation has generated $453.6 million in cumulative BTC production, highlighting $344 million in unrealized profit when excluding energy costs. The figures were shared this week via Arkham’s official account, drawing attention to the scale and efficiency of the operation.
THE UAE MINED $450M BITCOIN
The UAE has so far mined $453.6M Bitcoin through their partners Citadel. It appears that they are holding the majority of the Bitcoin they produce, with their most recent outflows 4 months ago.
Excluding energy costs, the UAE is currently in profit… pic.twitter.com/HcB2CYBQgy
— Arkham (@arkham) February 19, 2026
According to the data presented, the mining entity has maintained minimal outflows, suggesting that most of the mined Bitcoin has been retained rather than sold into the market. The reported $344 million unrealized gain reflects the difference between production value and acquisition cost, excluding electricity expenses. This structure implies a strong profit margin on paper, particularly given Bitcoin’s recent price levels. Market observers note that limited distribution from large mining wallets can influence circulating supply dynamics, especially when production volumes are substantial.
With holdings largely intact, attention now shifts to whether the operation will continue accumulating or begin realizing gains. Future wallet movements and any significant transfers could provide insight into treasury strategy and broader market impact.
Source: Arkham Intelligence.
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