Market Cap: $3.3978T 0.860%
Volume(24h): $96.4309B -43.650%
  • Market Cap: $3.3978T 0.860%
  • Volume(24h): $96.4309B -43.650%
  • Fear & Greed Index:
  • Market Cap: $3.3978T 0.860%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$107957.245065 USD

0.19%

ethereum
ethereum

$2508.355924 USD

-1.20%

tether
tether

$1.000227 USD

0.00%

xrp
xrp

$2.316526 USD

-0.45%

bnb
bnb

$665.985271 USD

0.37%

solana
solana

$172.342327 USD

-1.37%

usd-coin
usd-coin

$0.999629 USD

-0.02%

dogecoin
dogecoin

$0.222496 USD

-2.48%

cardano
cardano

$0.740686 USD

-1.75%

tron
tron

$0.269423 USD

-1.18%

sui
sui

$3.604351 USD

-1.17%

hyperliquid
hyperliquid

$33.793015 USD

4.53%

chainlink
chainlink

$15.353547 USD

-1.83%

avalanche
avalanche

$22.811071 USD

-1.87%

stellar
stellar

$0.285294 USD

-1.28%

Cryptocurrency News Articles

Pakistan Allocates 2,000 MW of Electricity to Bitcoin Mining and AI Data Centers

May 25, 2025 at 04:47 pm

The initiative, led by the Pakistan Crypto Council (PCC) under the Ministry of Finance, seeks to transform underutilized power capacity into a high-value economic asset.

Pakistan Allocates 2,000 MW of Electricity to Bitcoin Mining and AI Data Centers

Pakistan has allocated 2,000 megawatts (MW) of electricity for Bitcoin mining and artificial intelligence (AI) data centers in the first phase of a national strategy to monetize surplus energy, attract foreign investment, and become a digital hub, the Pakistan Crypto Council (PCC) has announced.

The initiative, rolling out through the Ministry of Finance, aims to transform underutilized power capacity into a high-value economic asset, pivoting from selling kilowatt-hours to generating U.S. dollar-denominated income and jobs in a high-growth sector.

"This is a pivotal moment in Pakistan's digital transformation journey," said Finance Minister Senator Muhammad Aurangzeb. "Instead of selling electricity in local currency, we are converting excess energy into innovation, investment, and international revenue."

Positioned as a digital bridge between Asia, Europe, and the Middle East, Pakistan has already drawn interest from major global Bitcoin miners and AI firms, who are set to visit the country in the coming weeks, according to a statement by the Finance Division.

"Since the inception of the Pakistan Crypto Council, there has been tremendous interest from global Bitcoin miners and data infrastructure companies in investing in Pakistan's emerging digital economy," the press release said.

Highlighting the economic potential, Bilal Bin Saqib, CEO of the PCC, noted that repurposing surplus power, particularly from plants that are operating below capacity, into AI and crypto endeavors could generate foreign exchange.

"This energy-backed digital transformation will enable the government to generate foreign exchange in USD through Bitcoin mining, and we are open to discussing the creation of a national Bitcoin wallet to serve as a long-term macroeconomic hedge," Saqib added.

The country's ambitions in the digital arena are further supported by the recent landing of the 45,000-kilometer Africa-2 submarine internet cable, boosting bandwidth and redundancy—key requirements for data-heavy AI operations.

Moreover, with a population of 250 million, including 40 million crypto users, provides a strong foundation for the development of a regional tech ecosystem.

The 2,000MW allocation is the first phase of a larger, multi-stage rollout of digital infrastructure. Future developments are expected to include facilities powered by renewable energy, drawing from Pakistan's wind, solar, and hydropower resources, as well as strategic partnerships with leading blockchain and AI firms.

Plans also include the creation of fintech and innovation hubs, backed by proposed incentives such as tax holidays, customs duty exemptions on imported equipment, and reduced tax rates for AI infrastructure developers.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on May 26, 2025