Bitcoin Gets Official Push As This South Asian Nation Assigns 2000 MW Surplus Energy For Mining
Pakistan’s finance ministry unveiled plans Sunday to assign 2000 megawatts of electricity to power Bitcoin (CRYPTO: BTC) mining and artificial intelligence data centers.
What Happened: The move is part of the South Asian nation’s strategy to harness its excess electricity for mining operations—a way through which new BTC are brought into circulation, as reported by Reuters.
The initiative is being led by the Pakistan Crypto Council, a government-backed regulatory body tasked with promoting blockchains and digital assets within the country. According to the finance ministry, the goal is to leverage surplus electricity to create high-tech job opportunities and attract foreign investment.
Why It Matters: Pakistan’s energy sector has long struggled with difficulties …
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