Pakistan specializes 2000 megawatts of electricity for Bitcoin mining

Pakistan has allocated 2000 megawatts of electricity in the first phase of a national initiative to support Bitcoin mining and artificial intelligence data centers, while Islamabad moves to add legal dye to cryptocurrencies and attract foreign investment.

The initiative, led by the Pakistani encrypted currency council, will also help in investing the surplus of energy and providing job opportunities in the advanced technology sector, according to a statement issued by the Ministry of Finance. The ministry added that coal electricity projects, such as “Sahiwal”, “China Hub” and “Port Qasim”, which currently operates by 15% of its capacity, among the projects expected to be re -employed in this endeavor.

The Pakistani federal government is seeking to attract investments to support an economy to avoid the difficulty of failing to pay debts in 2023. In light of the presence of about 15 to 20 million users of encrypted currencies, the country aims to establish an organizational framework to enhance its local environmental system and attract global capital.

In April, the government used the Pinging Ping Chao, co -founder of the largest encrypted currency exchange in the world, “Bings”, to create a digital financial platform. The cryptocurrency council also signed an initial agreement with the US President Donald Trump’s project for cryptocurrencies to accelerate the innovations of the block chain (blockchain).

The country attracted attention from international cryptocurrency mining companies and data infrastructure companies, according to a statement of the Ministry of Finance, which did not reveal specific names.