Pakistan Allocates 2,000 Megawatts for Bitcoin Mining and AI Centers

1 min

Pakistan's finance ministry has allocated 2,000 megawatts of electricity for bitcoin mining and AI data centers. This energy is sourced from coal-fired power plants operating at 15% capacity.

Key points include:

  • The initiative is led by the Pakistan Crypto Council.
  • The government aims to convert surplus energy into economic assets.
  • This plan is expected to create tech jobs and attract foreign investment.
  • Pakistan is developing a regulatory framework for its 15 to 20 million cryptocurrency users.

Original publication

Authors credited by the source: Francisco Rodrigues; AI Boost

Published by Holder based on an external source.