Pakistan Allocates 2,000 MW for Bitcoin Mining and AI Data Centers

The initiative could generate around 17,000 BTC annually, with Pakistan joining other IMF-borrowing nations in embracing crypto despite the fund's warnings.

BTC

Summary

Pakistan is allocating 2,000 megawatts from three underutilized coal plants for Bitcoin mining and AI data centers, as confirmed by the Pakistan Crypto Council. According to researcher Daniel Batten, using half the power for BTC mining could yield 17,000 BTC annually. The country proceeds with crypto adoption despite IMF concerns, following similar paths taken by El Salvador, Kenya, Ethiopia, and Argentina, while developing regulatory frameworks and appointing Binance's CZ as advisor.

Terms & Concepts
  • Bitcoin mining: The process of validating transactions on the Bitcoin network and adding them to the blockchain, often requiring significant computational power and energy.
  • Pakistan Crypto Council: The organization spearheading Pakistan's initiative to allocate surplus electricity to cryptocurrency mining and AI data centers.