A Bitcoin mining company linked to Abu Dhabi’s ruling family holds approximately 7,240 BTC, valued at around $532 million, according to blockchain intelligence data published on November 12, 2026.
The holdings are attributed to Citadel Mining, an Abu Dhabi-based operation connected to the UAE’s Royal Group through a series of corporate investments. Blockchain analytics firm Arkham Intelligence identified 37 cryptocurrency wallet addresses associated with the company, containing approximately 7,238.66 BTC at the time of its latest assessment.
The findings highlight the growing scale of cryptocurrency mining investments linked to prominent UAE business interests. However, the Bitcoin holdings are attributed to corporate mining operations and should not be interpreted as assets directly owned by the UAE government.
Citadel Mining Ownership Linked to Abu Dhabi’s Royal Group
Arkham Intelligence traced Citadel Mining’s ownership structure through several UAE-based companies. According to its analysis, investment firm 2pointzero owns an 85% stake in Citadel Mining. The company is wholly owned by International Holding Company (IHC), an Abu Dhabi-listed investment conglomerate.
UAE Royal Group holds approximately 61% of IHC and is associated with Sheikh Tahnoon bin Zayed Al Nahyan, a senior member of Abu Dhabi’s ruling family.
Arkham said it established its wallet attribution through an analysis of Bitcoin mining transactions, satellite imagery of mining facilities and publicly available corporate disclosures.
The research identified mining facilities established on Al Reem Island in Abu Dhabi beginning in 2022. Investigators also examined blockchain transactions involving Citadel Mining and Phoenix Group, comparing the findings with information disclosed by the companies.
Arkham estimated that Citadel Mining had produced approximately 9,300 BTC by August 2025, retaining around 6,300 BTC. By February 2026, its tracked Bitcoin holdings had increased to approximately 6,782 BTC, valued at $453.6 million at the time.
The November 12 snapshot showed a further increase to approximately 7,238.66 BTC. However, changes in wallet attribution and transfers mean that the difference should not automatically be considered newly mined Bitcoin.
UAE Expands Bitcoin Mining Investments
The UAE’s cryptocurrency mining sector has continued to attract investment through partnerships between domestic investment groups and international digital asset companies.
In 2023, MARA, formerly known as Marathon Digital Holdings, partnered with Abu Dhabi-based Zero Two to develop 250 megawatts of immersion-cooled Bitcoin mining capacity.
The partnership reflected growing interest in leveraging the UAE’s energy resources and infrastructure to support large-scale cryptocurrency mining operations.
Arkham previously estimated that royal-linked mining operations were generating approximately 4.2 BTC per day in February 2026.
The latest findings underline the expanding role of UAE-linked investment groups in the global Bitcoin mining industry, as institutional participation and large-scale mining infrastructure continue to shape the cryptocurrency market.
