- Pakistan to allocate energy for Bitcoin mining, led by Finance Ministry.
- Aims to attract foreign investment and create tech jobs.
- Coal plants will repurpose for this nationwide plan.
Pakistan is allocating 2,000 megawatts for Bitcoin mining, part of a larger initiative to legalize cryptocurrency and attract foreign investment. This effort is led by the Ministry of Finance and the Pakistan Cryptocurrency Commission, targeting legalization and investment growth.
The plan aims to channel excess energy towards Bitcoin mining, enhancing Pakistan’s digital economy. Finance Minister Muhammad Aurangzeb views this as a pivotal moment for national economic development through innovative energy use.
Pakistan Dedicates MWs for Digital Economic Growth
Pakistan’s new initiative, led by the Ministry of Finance, assigns 2,000 MW for Bitcoin mining and AI data centers. Prominent figures, including Muhammad Aurangzeb, drive this plan to strengthen the nation’s digital transformation. “This strategic allocation marks a pivotal moment in Pakistan’s digital transformation journey, unlocking economic potential by turning excess energy into innovation, investment, and international revenue,” said Muhammad Aurangzeb, Finance Minister of Pakistan. With clear regulations, Pakistan aims to emerge as a major player in the global crypto arena.
This allocation is expected to attract substantial foreign investment and create high-tech jobs. It repurposes underutilized coal projects, facilitating a shift towards a more diversified economy. By leveraging surplus energy, the nation could witness significant economic growth and technological advancement.
Finance Minister Muhammad Aurangzeb highlighted the strategic importance of this plan, urging international collaboration. Bilal Bin Saqib, CEO of the Pakistan Crypto Council, emphasized the potential for innovation and revenue generation. Tax incentives and regulations ensure a favorable environment for Bitcoin mining.
New Regulations Pave Way for Tech Investment Surge in Pakistan
Did you know? Kazakhstan initially saw increased Bitcoin mining due to subsidized energy, but faced regulatory challenges, highlighting the benefits and risks of national mining policies.
CoinMarketCap reports Bitcoin’s current price at $107,484.07, with a market cap of 2.14 trillion, holding 63.27% dominance. Despite a 1.24% dip in 24 hours, BTC has surged 12.98% over 30 days. Its circulating supply stands at 19,869,796 as of May 25, 2025.
Coincu research suggests Pakistan’s plan may expand the country’s crypto market. A legal framework and energy allocation could significantly stimulate foreign investments and technological progress. By adopting successful global examples and addressing potential pitfalls, Pakistan can drive economic transformation.
Source: https://coincu.com/339666-pakistan-allocates-power-bitcoin-mining/