CZ Says UAE Turns Excess Energy Into Bitcoin as a Strategic Store of Value
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The UAE has begun using surplus natural gas for Bitcoin mining, joining countries like El Salvador and Bhutan in utilizing national resources for Bitcoin operations. Additionally, a miner from the early Bitcoin era moved 2,000 BTC, valued at $181 million, to Coinbase, indicating renewed activity from longstanding holdings.
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- UAE uses surplus natural gas for Bitcoin mining operations.
- Multiple governments, including El Salvador and Bhutan, continue mining Bitcoin using national energy resources.
- A Satoshi-era miner moved 2,000 BTC to Coinbase, marking rare activity from early Bitcoin holdings.
The United Arab Emirates has formally aligned itself with a small but growing group of countries that treat Bitcoin mining as state-linked infrastructure. At the same time, a long-dormant miner from the early days of the network has moved $181 million worth of BTC.
Recent announcements circulating on social media state that the UAE government now sponsors Bitcoin mining operations powered by the country’s large natural gas supply. Binance founder CZ commented that the UAE “has been mining for a while,” adding that the country’s peak energy demand lasts only three days in the summer and tha…
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