Pakistan to use excess electricity in bitcoin mining and artificial intelligence data centers: Report
Pakistan will direct part of the surplus of electricity to Bitcoin Mining Data Centers and AI (AI), a major transformation in the energy and technology policy that aims to turn the extra capacity into an economic opportunity, according to what it said. a report From Reuters. This announcement was announced on Wednesday, Bilal Bin Sakib, Chairman of the Pakistan Curdry Council and Advisor to the Minister of Finance, who also indicated that the talks had been held with many mining companies.
The energy sector in Pakistan has long struggled with structural challenges, including highly electricity and chronic definitions. The use of digital infrastructure surplus is seen as a way to update the economy and improve returns on energy investments.
This announcement comes just two days after the appointment of the government CHANGPING Zhao (CZ), the founder of Binance, as a new strategic consultant in Pakistan in Crypto.
The initiative leads Sakib, which on March 25, with Bloomberg, leads international companies to explore the country’s capabilities to extract Bitcoin. We welcome companies to visit Pakistan to evaluate them Bitcoin miningSakib said: Because if [not] Now, then never. “
Sakib also praised the recent developments in the American encryption policy under President Donald Trump, who described him as “the biggest, and behaved in the field of encryption in history.” He added: “I think Trump mainly turns the text program. Trump signed the executive order to direct the organizational bodies to accommodate digital assets, form the consulting team of the White House, and create a American strategic bitcoin reserves“
“We have to understand what this means,” he said. “This means that the largest economy in the world creates national assets, similar to how to store gold or oil for economic security and strength. I think the United States determines the world’s tone. Trump makes encryption a national priority, and every country, including Pakistan, must follow its example or will be at risk.”
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