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Pakistan Taps Surplus Power for Bitcoin Mining Amid Global Market’s Recovery
The ongoing market turmoil triggered by tariff shocks has taken a surprising turn in Pakistan, as the country is set to redirect its surplus electricity towards Bitcoin [BTC] mining and the development of artificial intelligence (AI) data centers. This strategic move aims to leverage unused power for growth, amidst a global market recovery.
Pakistan’s energy sector faces significant challenges, including high electricity tariffs and underutilized generation capacity. As more consumers turn to alternative energy sources to manage costs, the growing adoption of solar energy has added complexity to the situation. In response, discussions with various mining firms are underway to establish mining centers in regions with an abundance of unused electricity.
According to Bitcoin Pakistan, there is at least 10,000 megawatts of surplus energy under government control that can be used for Bitcoin mining. This announcement comes shortly after the country’s power division revealed plans to introduce a new electricity tariff aimed at absorbing surplus power and reducing the financial strain of capacity payments.
Source: https://ambcrypto.com/pakistan-taps-surplus-power-for-bitcoin-mining-amid-global-markets-recovery
