Pakistan has committed 2,000 megawatt electricity for Bitcoin mining and data centers for artificial intelligence, the country’s finance ministry said.
The committed energy is led from coal -fired power plants currently running with 15% capacity, Bloomberg reports in an initiative speared by Pakistan Crypto Council.
By tapping excess energy, the government hopes to transform a responsibility into an asset. Officials say the plan will create tech-related jobs and help attract overseas capital as the country is working to stabilize its fragile economy that came close to standard in 2023.
Pakistan also lays the basis for a legislative framework to support his estimated 15 to 20 million cryptocurrency users.
