US EditionCZ Says UAE Turns Excess Energy Into Bitcoin as a Strategic Store of Value
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
CZ Says UAE Turns Excess Energy Into Bitcoin as a Strategic Store of Value
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 l…
UAE Joins List of Governments Sponsoring Bitcoin Mining Operations
Recent discussions on social media reignited attention on the issue after Changpeng Zhao remarked that the UAE has been involved in Bitcoin mining “for a while,” pushing back against the idea that the country is a new entrant to the space. Key takeaways: The UAE is sponsoring Bitcoin mining powered primarily by natural gas. State-backed operations have reportedly accumulated more than 6,300 BTC. The government treats Bitcoin mining as strategi…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
