Interestingly, the UAE actually started in 2022. According to industry insiders, the UAE government is involved in Bitcoin mining through affiliated entities. Someone explained the logic behind this: the local power generation capacity is mainly designed to handle extreme peak electricity demand, but most of the year it remains surplus. Instead of wasting this electricity, some idle capacity is being used for mining operations. This is a practical approach—making full use of energy redundancy while participating in the global crypto asset ecosystem. From an energy allocation perspective, "monetizing" seasonal and cyclical electricity surpluses is becoming increasingly common in the industry chain.