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Pakistan spends 2,000mw electricity for Bitcoin and AI exploitation centers

Pakistan has allocated 2,000 Megawatts for excess electricity for Bitcoin exploitation and artificial intelligence center (AI) in the digital transformation plan led by the Pakistan Electronic Council and the Ministry of Finance. The first phase focused on using excess energy for AI and exploiting cryptocurrencies, expecting to attract billions of dollars in foreign investment and creating high -tech jobs. The second phase will integrate renewable energy, ensuring sustainable growth. The Government also announced an import tax and exemption package to attract investors. CEO of the cryptocurrency council, Bilal Bin Saqib, called it a &quot;turning point&quot; for the digital economy of Pakistan, with the potential to become a major center in the field of cryptocurrencies and AI globally.