UAE's Royal Group holds $344M in unrealized BTC mining profit

The UAE's Royal Group, a conglomerate linked to the Abu Dhabi royal family, has recorded around $344 million in unrealized profit from its BTC mining operations, The Block reported. This figure excludes energy costs. The group holds a total of 6,782 BTC through Citadel Mining, in which it owns a majority stake, and has mined an average of 4.2 BTC per day over the past week.