Bitcoin data centers, artificial intelligence data centers: How Pakistan plans to harness the surplus of electricity

The Chairman of the Pakistan Curd Council and the Minister of Finance Advisor said on Wednesday, adding that he had had talks with many mining companies.

Pakistan’s energy sector is fighting with challenges, including high electricity tariffs and surplus generator.

The rapid expansion of solar energy has increased the complexity of the scene, as more consumers resort to alternative energy sources to reduce high costs.

Bilal bin Sakib, CEO of the Council, told Reuters that the mining center will be completed based on the availability of extra energy in specific areas.

The documents seen by Reuters determines the role of Changpeng Zhao, the founder of Binance, who will serve as a strategic advisor to the Pakistan Exoding Council.

In May last year, Zhao was sentenced to four months in prison after admitting that he was guilty of violating the laws of the United States against money laundering on the world’s largest exchange in the world.

Its role in the Pakistani Council will include supporting the infrastructure of the blocks, providing advice on organizational frameworks, and assisting national initiatives, such as digital currency, mining and youth education in Blockchain technologies.

Sakb said that the country has 15-20 million encryption users, the third largest independent global economy, with an increasing space for technology.

“Pakistan in the first ten places of the adoption of encryption, although it is not organized,” he said.

Sakib said he wanted to organizational funds, or safe testing environments, to enhance innovation and growth in the economy of Fintech and Freelancer.

He also said that Pakistan youth in Blockchain and AI can push jobs and economics, which enhances exports through digital services, and put the country as a center for technical talents emerging on the world stage.