Pakistan is making a sharp move towards crypto mining. Their 2000 megawatt excess electricity is redirected to trigger Bitcoin mining and improve AI infrastructure. Therefore, Pakistan is all set to make the big leap in the crypto world.
The Pakistani Crypto Council is steering this big move. The Ministry of Finance is trying to attract foreign investment and create jobs in the crypto market. Hence, Pakistan can feasibly be an Asian tech hub in the future.
Digital Ambitions Based on Surplus Energy?
Pakistan’s power grids channel the excess electricity towards BTC mining. The rest is focused on AI-powered data centres. The media channel 24NewsHD TV stated that there is a dual challenge before Pakistan now. Firstly, they have to tap into the significant electricity demand of the tech sectors. However, they also have to leverage excess electricity to tap into the project.
According to the Pakistani Minister Muhammad Aurangzeb, the plan is to create billions in foreign investment.
Currently, Pakistan’s two power stations, Sahiwal and Port Qasim, operate at only 15% capacity. By generating surplus power, the officials plan to redirect it towards new economic opportunities.
A New Chapter Of Pakistani Economic Breakout?
The transformation of the additional energy towards digital innovation can rewrite the current economic narrative that perils Pakistan.
Including AI, blockchain, and renewable resources can unlock the potential for immense growth. They could also become the technology trailblazer of this century. The world eagerly waits to see if this gamble pays off or not!
