Pakistan Allocates 2,000MW for Bitcoin Mining and AI

Pakistan has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers in a move initiated by the Ministry of Finance.

This effort aims to attract foreign investment and generate employment, positioning Pakistan as a key player in the global crypto and AI sectors.

Pakistan Allocates 2,000MW for Digital Growth

Pakistan’s government has decided to allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers. This initiative marks a major shift in the country’s approach to emerging digital technologies.

The Pakistan Crypto Council, supported by the Ministry of Finance, leads this project. Bilal Bin Saqib proposed the idea to utilize excess energy for digital infrastructure at the Council’s inaugural meeting.

“The government seeks to repurpose its underutilized energy capacity into a high-value digital infrastructure strategy,” said Bilal Bin Saqib, CEO of the Pakistan Crypto Council.

Foreign Investment Boost Expected from Electricity Allocation

The initiative is expected to attract foreign investment and create high-tech jobs. This reallocation of electricity could significantly affect the local economy and the country’s digital infrastructure strategy.

Experts highlight potential economic benefits from using surplus electricity and tax incentives for investors. The move may pave the way for a compliance-based regulatory framework for cryptocurrencies in Pakistan.

El Salvador and Kazakhstan Inspire Pakistan’s Strategy

Allocating energy resources for digital endeavors is not new globally. Similar strategies have been employed in countries such as El Salvador and Kazakhstan, indicating a rising trend of integrating cryptocurrencies into national economies.

Kanalcoin analysts suggest this move could position Pakistan as a regional leader in crypto mining and AI, leveraging its underutilized renewable energy resources as a competitive advantage.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.