CZ says UAE is changing surplus vitality into Bitcoin as a strategic retailer of worth

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  • The UAE is utilizing surplus pure gasoline for Bitcoin mining operations.
  • A number of governments, together with El Salvador and Bhutan, proceed to mine Bitcoin utilizing nationwide vitality sources.
  • A Satoshi-era miner moved 2,000 BTC to Coinbase, marking uncommon exercise from early Bitcoin holdings.

The United Arab Emirates has formally joined forces with a small however rising variety of nations that deal with Bitcoin mining as a part of their nationwide infrastructure. On the similar time, long-dormant miners from the community’s early days moved $181 million value of BTC.

In response to a current announcement circulating on social media, the UAE authorities is now sponsoring a Bitcoin mining operation that takes benefit of the nation’s massive provide of pure gasoline. Binance founder CZ commented that the UAE “has been mining for a while,” including that the nation’s vitality demand peaks just for three days in the summertime, and its manufacturing capability will cowl that interval, with the remaining surplus vitality partially transformed into Bitcoin.

Arkham Intelligence reported in August 2025 that the United Arab Emirates had amassed roughly 6,300-6,450 BTC, value roughly $700 million on the time, by means of state-sponsored mining performed by means of Citadel Mining. The nation considers Bitcoin mining to be a part of its strategic infrastructure, inserting it in the identical class as knowledge centres, communications and vitality initiatives.

Insurance policies throughout the federation usually are not uniform. In September 2025, the Emirate of Abu Dhabi banned cryptocurrency mining on agricultural land and launched fines of as much as Dh100,000 for violators to guard vitality sources and land use rules.

The report additionally notes that the governments of El Salvador, Bhutan, Japan, Russia, and Iran are concerned in or sponsoring Bitcoin mining in numerous methods. El Salvador adopted Bitcoin as its authorized tender in 2021 and reversed course in 2025, but it surely nonetheless holds 7,517 BTC and has mined 474 BTC over the previous three years utilizing geothermal energy from volcanoes.

In 2023, Bhutan revealed that it had been secretly mining Bitcoin since 2018, producing an estimated 55 to 75 BTC per week and utilizing the proceeds to pay civil servants and fund public providers. Ethiopia has agreements with worldwide miners to faucet surplus hydropower, whereas Iran legalized mining on the nationwide degree in 2019. However then it closed 100 unlawful farms in 2025, and even authorized operations usually shut down throughout vitality shortages.

Early Bitcoin miner sends 2,000 BTC to Coinbase

Alongside state exercise, on-chain knowledge reveals new exercise by early miners. CryptoQuant’s Julio Moreno reported that miners lively in the course of the “Satoshi period” moved round $181 million in Bitcoin, marking the primary such exercise by the group since November 2024, when BTC was buying and selling close to $91,000.

TimechainIndex founder Sani printed blockchain knowledge exhibiting that miners managing funds throughout 40 Pay-to-Public-Key wallets transferred 2,000 BTC, raised from block rewards which have been dormant since 2010, to wallets related to the Coinbase alternate.

Associated: Eric Trump says US Bitcoin mining amenities are ‘dwelling proof’ of cryptocurrencies

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