Pakistan allocates 2,000 MW of power capacity for Bitcoin mining

PANews reported on May 25 that according to Jinshi, Pakistan has allocated 2,000 megawatts of installed power capacity in the first phase of a nationwide plan to support Bitcoin mining and artificial intelligence data centers. The country is currently promoting the legalization of cryptocurrencies and attracting foreign investment. The Pakistani Ministry of Finance said in a statement that the plan, led by the Pakistan Cryptocurrency Commission, will also help monetize surplus energy and create high-tech jobs. The Ministry of Finance said that coal-fired power projects such as Sahiwal, China Hub and Port Qasim, which are currently operating at 15% of their capacity, are expected to be repurposed for this plan.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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