Pakistan has committed 2,000 megawatts of electricity to Bitcoin intelligence and artificial intelligence data centers, the country’s finance ministry said.
The energy engaged is directed by coal power plants which are currently taking place at a capacity of 15%, reports Bloomberg, in an initiative led by Pakistan Crypto Council.
By pressing excess energy, the government hopes to transform a passive into an asset. Managers claim that the plan will create technology jobs and help attract capital abroad while the country is working to stabilize its fragile economy, which was close to defect in 2023.
Pakistan also set the foundations for a regulatory framework to support its estimated users from 15 to 20 million cryptocurrencies.
