
The government of Pakistan has announced the allocation of 2,000 megawatts (MW) of electricity for Bitcoin mining and artificial intelligence (AI) data centres in a bid to bring Pakistan to the forefront of digital innovation.
Bitcoin mining and AI data centre establishment are part of a national plan led by the Pakistan Crypto Council (PCC), which operates under the country's finance ministry.
The project is being executed to create high-tech jobs, attract foreign investment, and generate revenue for the government.
Federal Minister for Finance Senator Muhammad Aurangzeb described this move as a crucial moment in Pakistan's digital transformation, converting excess energy into economic opportunities.
It must be highlighted that geographically, Pakistan is well-positioned to become a global hub for data centres, serving as a bridge between Asia, Europe, and the Middle East.
Confidence of international Bitcoin miners and data companies, based overseas, to invest has reportedly increased following the establishment of the PCC, and according to ProPakistan, several global firms have visited Pakistan to partake in the futuristic project, with more expected to follow.
As AI data centres and Bitcoin mining require substantial energy, Pakistan aims to convert its excess energy into a valuable digital asset by repurposing its unutilised power generation.