Pakistan turns to bitcoin miners, Al data centers

Bilal Bin Saqib who heads the Crypto Council of Pakistan and serves as an adviser to the finance minister declared that Pakistan will utilize its power surplus to power Bitcoin mining operations combined with AI data facilities. Multiple discussions have already occurred between mining firms to evaluate this potential opportunity.

The energy sector of Pakistan deals with multiple difficulties which revolve around rising electricity prices and extra power generation capabilities. The fast-paced growth of solar power systems has complicated the electricity landscape since numerous users select different energy sources to handle high electricity rates.

The proposed mining center location selection process will follow the regions which demonstrate power surplus availability according to Saqib in his interview with Reuters.

The Reuters documents demonstrate that Binance founder Changpeng Zhao will function as the strategic adviser for the Pakistan Crypto Council. As the former inmate of four months imprisonment for money laundering violations Zhao will focus his efforts on blockchain infrastructure development and regulatory policies and national initiatives in digital currency mining and blockchain teaching.

The crypto user base in Pakistan amounts to 15-20 million individuals while the country holds the position of third largest global freelancer economy. The country stands among the ten most Crypto-technology accepting nations worldwide despite its unregulated status. Saqib advocated for regulatory sandboxes because he believes they would create opportunities for innovation and growth with fintech and freelancer industries.