Pakistan taps surplus power for bitcoin and AI infrastructure
Pakistan will allocate 2,000 megawatts of electricity for bitcoin mining and AI data centres as part of the first phase of the national initiative, as announced by the country's finance ministry in Islamabad on Sunday.
According to Reuters, this decision is part of Pakistan's plans to use surplus electricity to power bitcoin mining and AI data centres.
Pakistan seeks to profit from surplus energy
Pakistan's energy sector faces challenges such as high electricity tariffs and excess production capacity, Reuters reports.
The rapid development of solar energy has further complicated the situation, as more consumers choose alternative energy sources to reduce costs.
The initiative is led by the Pakistan Crypto Council (PCC), a government-supported body, and is part of a broader strategy aimed at capitalizing on surplus electricity, creating jobs in the advanced technology sector, and attracting foreign investment, as highlighted by the ministry.
"The energy allocation is the first stage of a broader, multi-stage implementation of digital infrastructure," it reads.
