2,000MW Of Pakistan’s Extra Electricity Now Reserved For Bitcoin Rigs

Source Bitcoinist

Pakistan’s government has moved to put its excess electricity to work in a surprising way. It has set aside 2,000 megawatts of surplus power for Bitcoin mining and artificial-intelligence centers.

This decision aims to turn an energy glut into an economic boost. It comes as part of a wider plan backed by the Finance Ministry and pushed by the Pakistan Crypto Council.

Surplus Power Allocation

According to local reports, Pakistan’s grid often produces more power than it needs. Now, that extra juice will be sent to data halls and mining rigs.

The first phase kicks off immediately. It will feed AI centers and crypto farms. Officials say this move could draw in billions in foreign cash. It should also open up tech jobs in cities and towns across the country.

Tax Breaks And Investment

Based on reports, the Finance Ministry has rolled out special tax breaks for AI sites. Bitcoin miners will also get duty exemptions on their gear. Already, foreign delegations have been touring Pakistan to see the setup.

They’re checking out potential deals for hardware, software, and data-center space. Finance Minister Muhammad Aurangzeb told reporters that clear rules and perks will make Pakistan a top spot for tech investors.

Creating An Oversight Authority

The government is also setting up a Pakistan Digital Assets Authority. This new body will license and regulate exchanges, wallets, and token platforms. It will keep an eye on stablecoins, DeFi apps, and other blockchain services.

The digital assets body is even planning to “tokenize” national assets and public debt. In future, it could manage how surplus electricity is used for mining in a way that’s logged and audited.

Environmental Balance

Phase two of the plan brings a green twist. Officials promise to tap renewable sources, like solar and wind, for mining sites. That should help limit carbon emissions and ease public concerns.

Pakistan already faces air-quality issues in major cities. By steering mining operations toward renewables, the government hopes to cut fuel use at thermal plants and balance power needs.

In global rankings, Pakistan came in ninth on Chainalysis’s 2024 crypto adoption index. Based on Statista data, the country is on track to have over 27 million crypto users by 2025. That’s more than 10% of its 247 million people. These figures underline a fast-growing market of retail traders and institutional players alike.

Critics caution that high mining loads would overburden local grids unless properly managed. They also refer to price fluctuations of Bitcoin, which might transform a profitable scheme into a monetary bet.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Moving With Stocks, But Ethereum’s Correlation Is FadingBitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
Author  NewsBTC
Jul 10, Thu
Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
placeholder
Meta Selects PIMCO, Blue Owl to Back $29 Billion Data Center Expansion – BloombergMeta Platforms Inc. (NASDAQ: META) has reportedly tapped investment giant PIMCO and alternative asset manager Blue Owl Capital to help finance a massive $29 billion project to develop AI-focused data centers in rural Louisiana, according to Bloomberg.
Author  Mitrade
Aug 08, Fri
Meta Platforms Inc. (NASDAQ: META) has reportedly tapped investment giant PIMCO and alternative asset manager Blue Owl Capital to help finance a massive $29 billion project to develop AI-focused data centers in rural Louisiana, according to Bloomberg.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
goTop
quote