Pakistan to Allocate Significant Electrical Energy to Bitcoin (BTC) Mining and Artificial Intelligence (AI) Data Centers

Pakistan plans to allocate significant electrical energy to support the Bitcoin (BTC) mining industry and artificial intelligence (AI) data centers

Pakistan is planning to allocate a significant amount of electrical energy to support the Bitcoin (BTC) mining industry and artificial intelligence (AI) data centers. This initiative is part of a broader strategy to attract technology investment and integrate new technologies into the country’s economic fabric.

The Ministry of Finance will be allocating 2,000 megawatts (MW) of electricity for BTC mining and AI data centers in the first phase of a national digital infrastructure plan.

The move comes amid efforts to utilize excess electricity capacity, especially with the increasing use of solar energy, which is leading to more consumers seeking ways to reduce energy costs.

This policy is also a response to the pressure in the energy sector, where high electricity tariffs and excess production capacity are key challenges.

The government is also establishing the Pakistan Crypto Council (PCC) as part of this effort. The council will be spearheading initiatives for crypto mining and AI data centers in the country.

The PCC CEO, Bilal Bin Saqib, recently had a meeting with Energy Minister Awais Leghari to discuss attracting global crypto miners to Pakistan.

“We are planning to invite major crypto miners from China to come and invest in Pakistan in setting up large-scale BTC mining units,” said Saqib.

“Pakistan does not want to be just a spectator in the metaverse, Web 3.0, and the emerging technologies space. We want to be a part of this revolution and contribute to its growth.”

He added that Pakistan is a low-cost yet high-growth potential market, which makes it an ideal destination for technology investment.

This initiative is also supported by the recent approval of the Pakistan Digital Assets Authority by the Ministry of Finance to regulate the country’s growing crypto sector.

It is part of broader efforts to create a more favorable environment for technology investment and integrate new technologies into the country’s economy.

The post Pakistan Alocates 2,000 MW Of Electricity For Bitcoin Mining And AI Data Centers appeared first on Pintu News.