Pakistan has allocated 2,000 megawatts of surplus electricity specifically for Bitcoin (BTC) mining and artificial intelligence (AI) centers.
According to a report by local news channel 24NewsHD TV on May 25, this move is part of a broader digital transformation plan led by the Pakistan Crypto Committee and supported by the Ministry of Finance.
In the first phase, the government plans to utilize the excess electricity for AI infrastructure and cryptocurrency mining operations. Finance Minister Muhammad Aurangzeb stated that this decision is expected to attract billions of dollars in foreign investment while creating high-tech job opportunities nationwide.
The second phase of the plan will introduce renewable energy access for mining operations, aiming to balance growth with environmental responsibility.
Reportedly, international Bitcoin (BTC) miners and AI companies have shown interest. Officials confirmed that several foreign delegations have visited Pakistan in recent months to explore potential partnerships.
To further incentivize investment, the Ministry of Finance announced a package of tax incentives for AI centers, as well as customs duty exemptions for Bitcoin miners.
Bilal Bin Saqib, CEO of the Pakistan Crypto Committee, reportedly welcomed this development, calling it a "turning point" for the national digital economy.
Saqib claimed that with clear regulations and a transparent framework, Pakistan could become a significant player in the global cryptocurrency and AI sectors.
Saqib first proposed leveraging the country's surplus energy to drive Bitcoin mining during the inaugural meeting of the Crypto Committee on March 21.
The meeting included lawmakers, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretary of Information Technology.
On May 21, the Ministry of Finance approved the establishment of a dedicated agency to regulate the country's blockchain-based financial infrastructure.
The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body responsible for overseeing the licensing and regulation of exchanges, custodians, wallets, tokenization platforms, stablecoins, and decentralized finance applications.
The PDAA will also be responsible for the tokenization of national assets and government debt, facilitating the monetization of Pakistan's surplus electricity through regulated Bitcoin mining, and assisting startups in building blockchain-based solutions at scale.
In Chainalysis's 2024 Crypto Adoption Index, Pakistan ranks high, coming in ninth, primarily due to strong growth in retail adoption and trading volume in centralized services.
Data from Statista also shows that Pakistan's crypto market is "experiencing rapid growth," with the number of crypto users expected to exceed 27 million by 2025, against a total population of 247 million.
Related: Industry Executives: Bitcoin (BTC) reserve companies will hold "far more" than Bitcoin holders expect.
Original article: “Pakistan Allocates 2,000MW for Bitcoin (BTC) Mining and AI Centers”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
