Pakistan Allocates 2000 MW for Bitcoin Mining and AI Development
- Pakistan dedicates 2000 MW of electricity to Bitcoin mining and AI infrastructure.
- The initiative aims to attract foreign investments and create technology jobs.
- Excess energy from underutilized coal power plants will be monetized.
- An estimated 15-20 million cryptocurrency users in Pakistan could benefit from regulatory support.
- The Pakistan Crypto Council, with the Ministry of Finance, manages this initiative.
Pakistan’s allocation of 2000 MW for Bitcoin mining seeks to harness excess energy from coal plants operating at only 15% capacity, aiming to attract foreign investment and support its estimated 15-20 million cryptocurrency users through regulatory measures.
Source (2.6)https://hodl.press/pakistan-allocates-2000-mw-for-bitcoin-mining-and-ai/?rand=24434
