[UAE Accumulates $450 Million in Bitcoin Through Mining, Net Profit of $344 Million After Costs] BlockBeats News, February 19, according to Arkham data, the UAE has accumulated $450 million worth of Bitcoin through mining in partnership with Citadel. It is reported that they have retained most of the Bitcoin they mined, with the last recorded outflow of funds occurring 4 months ago. After deducting energy costs, the UAE's current profit from Bitcoin holdings stands at $344 million.