Pakistan bets 2000 megawatts of surplus electricity on Bitcoin Mining, could it become the next encryption gold mine?

The Pakistani government is playing the "energy economy card" by using 2,000 megawatts of excess electricity for bitcoin mining and artificial intelligence centers, trying to turn "power redundancy" into a "growth engine". Driven by the Ministry of Finance and the Cryptocurrency Commission, the program is driven by a two-wheel drive of "policy dividends + energy advantages" and sends out invitations to global tech investors.

Pakistan's power grid is facing the awkward situation of a long-term "power surplus". Currently, the government is directly supplying this excess electricity to data centers and mining sites. The first phase of the project has rapidly launched, aiming to attract billions of dollars in foreign investment and create technology jobs in towns across the country.

The Ministry of Finance has simultaneously launched the "hardware tax exemption + AI facility tax reduction" policy, and the first batch of foreign delegations has conducted on-site inspections of cooperation opportunities. Finance Minister Aurangzeb stated clearly that the clear rules and preferential policies make Pakistan the preferred investment choice for high-tech enterprises.

To ensure the smooth implementation of the plan, Pakistan announced the establishment of a Digital Asset Management Bureau to comprehensively regulate exchanges, wallets, and token platforms, covering services across the entire chain including stablecoins and DeFi. The plan aims to tokenize national assets and public debt, and to audit and track the use of electricity for Mining. This series of actions is intended to seize the high ground in blockchain governance.

In response to the criticism of "mining intensifying pollution," the Pakistani government has pledged to introduce renewable energy in the second phase. According to Chainalysis data, Pakistan ranks ninth globally in cryptocurrency adoption index in 2024. With the simultaneous explosion of retail and institutional markets, it is expected that by 2025, the number of users will exceed 27 million (accounting for over 10% of the population). However, if there is an imbalance in power distribution or severe fluctuations in coin prices, this "energy gamble" could backfire on economic stability.

Pakistan's radical advance into the encryption industry chain, from surplus electricity to Mining, and then to policy loosening and regulatory innovation. However, whether this gamble can avoid the high energy consumption trap and stabilize its footing in the volatile coin market remains to be seen.

Do you think Pakistan can leverage excess electricity, AI technology iteration, and policy relaxation to cultivate Bitcoin mining as a new engine for economic growth?

#巴基斯坦加密 # Bitcoin Mining #Energy Economy