Pakistan Utilizes Excess Energy Resources for Bitcoin Mining and AI Data Centers

Pakistan has allocated 2,000 megawatts of electrical power for the purposes of bitcoin mining and AI data centers, according to the country’s finance ministry’s announcement.

This energy commitment is derived from coal-powered plants that are operating at only 15% of their capacity, a move initiated by the Pakistan Crypto Council.

By utilizing excess energy, the government aims to convert a potential financial burden into a viable asset. Officials believe this initiative will generate technology-related employment opportunities and draw foreign investments, as the nation seeks to stabilize its vulnerable economy, which teetered on the edge of default in 2023.

In addition, Pakistan is developing a regulatory framework to cater to its estimated 15 to 20 million cryptocurrency users.