Pakistan Allocates 2,000 MW of Surplus Electricity Exclusively for Bitcoin Mining and Artificial Intelligence (AI) Centres

Pakistan has allocated 2000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence (AI) centres, reported 24NewsHD TV Channel on Sunday.

Pakistan is allocating 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence (AI) centres, reported 24NewsHD TV Channel on Sunday, citing the Ministry of Finance.

This initiative is part of the Pakistan Crypto Council's broader digital transformation strategy, the report said.

In the first phase, additional electricity will be reserved specifically for AI infrastructure and Bitcoin mining facilities. The aim is to monetise excess electricity that previously went underutilised.

Officials believe this step will open new avenues for economic growth and position the country at the forefront of digital innovation.

Finance Minister Muhammad Aurangzeb stated that the government anticipates billions of dollars in foreign investment as a result of this decision.

This move will also create high-tech employment opportunities across Pakistan, the minister added.

The Ministry disclosed that Bitcoin miners and data infrastructure companies have already expressed keen interest in investing in Pakistan.

Several international firms have visited the country to explore collaboration possibilities in this domain.

"This initiative offers a unique opportunity for Bitcoin miners and AI data centres to thrive in Pakistan, setting the stage for large-scale foreign investment in the country," said Bilal Saqib, a leading voice in the sector.

He added that with formal regulations and increased transparency, Pakistan has the potential to become a global crypto leader.

The Ministry of Finance has also announced tax incentives for AI infrastructure and duty exemptions for Bitcoin miners to attract further investment.

In the second phase, miners will be offered access to renewable energy sources to enhance sustainability in the sector.