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Pakistan has taken a bold step by considering the use of surplus electricity in boosting its Bitcoin mining efforts. According to reports, Pakistan plans to harness its unused power capacity to fuel cryptocurrency mining and AI data centers.
The initiative is spearheaded by Bilal Bin Saqib, the head of Pakistan’s Crypto Council, who revealed that they are engaging with multiple mining companies to set up infrastructure in regions where excess power is available. Saqib emphasized that the decision was made to convert surplus electricity into blockchain infrastructure, which could potentially create a ripple effect across the region.
Pakistan has been struggling with high electricity tariffs and underutilized generation capacity. The surge in solar adoption has pushed more consumers off the grid, resulting in idle traditional energy assets. By repurposing this unused power for Bitcoin mining and AI data centers, Pakistan hopes to turn a potential economic burden into an opportunity.
The country’s crypto-friendly environment could also be boosted by Changpeng Zhao, the former CEO of Binance, who has recently joined Pakistan’s Crypto Council as a strategic advisor. According to sources, Zhao’s role will involve offering advice on digital currency mining and blockchain initiatives.
Pakistan boasts 15-20 million crypto users and is ranked third globally in freelance services, making it an attractive location for crypto ventures. Saqib believes that this strong foundation can be leveraged to expand the adoption of blockchain and fintech solutions.
Source: https://cryptotale.org/pakistan-eyes-surplus-electricity-to-boost-bitcoin-mining/
