Pakistan Allocates 2,000 Megawatts to Bitcoin Mining and AI Data Centers

Pakistan Allocates 2,000 Megawatts of Power for Bitcoin Mining and AI Data Centers

According to MarketScreener Schweiz, Pakistan has announced the allocation of 2,000 megawatts of electricity specifically for Bitcoin mining and artificial intelligence (AI) data centers. This move is part of Islamabad's broader strategy to utilize its surplus electricity for high-tech industries, aiming to address challenges in the country's energy sector, such as high electricity tariffs and excess generation capacity.

The rapid expansion of solar energy in Pakistan has further complicated the situation, as more consumers are switching to alternative energy sources to reduce costs. The initiative is spearheaded by the Pakistan Crypto Council (PCC), a government-supported body. The Ministry stated that this allocation marks the first phase of a multi-stage rollout of digital infrastructure, with the goal of monetizing surplus electricity, creating high-tech jobs, and attracting foreign investment.

• The initiative is part of a government-backed plan to monetize surplus electricity.
• It aims to create high-tech jobs and attract foreign investment.
• The project is the first phase of a larger, multi-stage digital infrastructure rollout.

The Ministry emphasized that this allocation is the initial step in a comprehensive strategy to leverage Pakistan's energy surplus for technological advancement and economic growth.

Summary Box:

• Pakistan is allocating 2,000 megawatts of electricity for Bitcoin mining and AI data centers.
• This is part of a broader government strategy to address energy sector challenges and promote high-tech industries.
• The Pakistan Crypto Council is leading the initiative, which is expected to create jobs and attract foreign investment.

Source: MarketScreener Schweiz

Sources:

• Pakistan stellt 2.000 Megawatt Strom für Bitcoin-Mining und KI-Rechenzentren bereit