Investopedia: "Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price."

Deciding to mine bitcoin where energy is cheap is just bloody obvious.

> When I buy Bitcoin, as long as the energy used to mine the token is cheaper then energy I have access to, I’m getting a good deal.

So buying bitcoin from a base in Antarctica, where energy is scarce, is a better deal than buying it in Dubai? That doesn't make any sense whatsoever.