{"id":129953,"date":"2025-05-25T10:18:32","date_gmt":"2025-05-25T10:18:32","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129953"},"modified":"2025-05-25T10:18:32","modified_gmt":"2025-05-25T10:18:32","slug":"pakistan-allocates-2000mw-power-for-bitcoin-mining-and-ai-centers","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129953","title":{"rendered":"Pakistan allocates 2,000MW power for Bitcoin mining and AI centers"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers.<br \/>\nThe move is part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance, according to a May 25 report by local news outlet 24NewsHD TV Channel.<br \/>\nIn the first phase, the government plans to channel excess power into AI infrastructure and crypto mining operations. Finance Minister Muhammad Aurangzeb said the decision is expected to attract billions in foreign investment while generating high-tech employment across the country.<br \/>\nThe initiative\u2019s second phase will introduce access to renewable energy for mining operations, aiming to balance growth with environmental responsibility.<br \/>\nRelated: Trump-backed World Liberty Financial partners with Pakistan Crypto Council<br \/>\nPakistan unveils tax incentives to attract investors<br \/>\nPer the report, interest from international Bitcoin (BTC) miners and AI firms has already picked up. Officials confirmed that multiple foreign delegations have visited Pakistan in recent months to explore potential partnerships.<br \/>\nTo further incentivize investment, the Ministry of Finance announced a package of tax incentives for AI centers and duty exemptions for Bitcoin miners.<br \/>\nBilal Bin Saqib, CEO of Pakistan\u2019s Crypto Council, reportedly welcomed the development, calling it a \u201cturning point\u201d for the country\u2019s digital economy.<br \/>\nSaqib claimed that with clear regulations and a transparent framework, Pakistan could emerge as a significant player in the global crypto and AI sectors.<br \/>\nSaqib first proposed using the country\u2019s runoff energy to fuel Bitcoin\u00a0mining at the Crypto Council\u2019s inaugural meeting on March 21.<br \/>\nThe meeting included lawmakers, the Bank of Pakistan\u2019s governor, the chairman of Pakistan\u2019s Securities and Exchange Commission (SECP), and the federal information technology secretary.<br \/>\nRelated: Pakistan proposes compliance-based crypto regulatory framework \u2014 Report<br \/>\nPakistan creates Digital Asset Authority<br \/>\nOn May 21, Pakistan\u2019s Ministry of Finance endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.<br \/>\nThe Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing and regulating exchanges, custodians, wallets, tokenized platforms, stablecoins, and decentralized finance applications.<br \/>\nThe PDAA will also be tasked with\u00a0tokenizing national assets and government debt, facilitating monetization of Pakistan\u2019s\u00a0surplus electricity through regulated Bitcoin mining, and helping startups build blockchain-based solutions at scale.<br \/>\nPakistan\u00a0ranked highly in Chainalysis\u2019 2024 crypto adoption index, coming in ninth, mainly due to strong retail adoption and transactions at centralized services.<br \/>\nPakistan ranked highly in Chainalysis\u2019 2024 crypto adoption index, coming in 9th. Source:\u00a0ChainalysisData from Statista\u00a0also shows Pakistan\u2019s crypto market is \u201cexperiencing rapid growth,\u201d estimating the number of crypto users to amount to over 27 million by 2025, out of a population of 247 million.<br \/>\nMagazine: Bitcoin bears eye $69K, CZ denies WLF \u2018fixer\u2019 rumors: Hodler\u2019s Digest, May 18 \u2013 24<a href=\"https:\/\/cointelegraph.com\/news\/pakistan-allocates-2000mw-bitcoin-mining-ai-centers?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers. The move is part of a broader digital transformation plan spearheaded by&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129953"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129953"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129953\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129953"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}