Pakistan Govt Allocates 2,000 MW to BTC Mining, DWF Labs' Grachev Hails 'Smart Move'
The Pakistani government has just announced the allocation of 2,000 megawatts of power for Bitcoin (BTC) mining and artificial intelligence (AI) data centers. The initiative aims to make Pakistan a significant player in the Web3 and digital economy in the region.
Pakistan Allocates 2,000 MW for BTC Mining
According to an official statement by the country’s Finance Minister Muhammad Aurangzeb, Pakistan is allocating 2,000 megawatts of power for Bitcoin (BTC) mining using the proof-of-work method, as well as for data centers specializing in AI. This ambitious initiative is intended to make Pakistan a leader in the blockchain field for the entire Asian region.
⚡ Pakistan Allocates 2000 MW for Bitcoin Mining and AI Data Centers!
A significant boost to digital transformation and economic growth.🔗 https://t.co/cEI2ndOjxS#Pakistan #BitcoinMining #AI #DigitalInnovation #TaibokuNews pic.twitter.com/6LmDQyDK8w
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The initiative kick-starts the process of turning Pakistan into a data center hub for all of Asia. First of all, the energy benefits will be attractive to proof-of-work (PoW) cryptocurrency miners and breakthrough AI projects.
AI-powered data centers and Bitcoin mining operations, known for their stable and high energy consumption, are an ideal solution for transparent, environmentally friendly and sustainable use of Pakistan's significant surplus energy, which is currently underutilized.
In the future, more countries are expected to adopt Pakistan's Bitcoin and AI-powered energy program, which will help improve the green and profitable nature of big data computing around the world.
Pakistan also shared its plans to allocate a portion of Bitcoin (BTC) miner rewards to its local strategic reserve. Pakistan's Bitcoin reserve will help the country hedge against fiat currency instability in Europe and the US.
“This could have a transformative effect,” says MP Grachev
Overall, industry experts are optimistic about the Pakistani government’s initiative and its potential implications for the country, the region, and Bitcoin (BTC) mining verticals.
Andrey Grachev, founder and managing partner of the largest company in the global market DWF Labs, is impressed by its potential impact:
Instead of wasting excess energy, they use it to attract international capital and create a whole new sector of jobs.
But here’s what’s really smart about this move: They’re not just thinking about mining revenue. They’re setting the stage for experimentation with financial systems that don’t rely on traditional banking structures. Think about it: with a robust mining infrastructure, you’re naturally laying the groundwork for stablecoins, on-chain settlements, and local token economies.
For countries like Pakistan, this could be a transformative moment. Instead of depending on outdated financial systems that often work against them, they can build programmable financial infrastructure from scratch.
Grachev also noted that with the help of such solutions, emerging markets can bypass traditional financial infrastructure in the same way as happened with mobile payments.
A DWF Labs representative concluded that Pakistan could show the world what the next stage of economic development would look like if it combined abundant energy with affordable technology.
As previously reported by U.Today, this week Pakistan's Ministry of Communications entered into a partnership with Binance Academy, the educational arm of the world's leading exchange Binance.
Binance Academy experts will train 300 local “evangelists” who are expected to impart blockchain knowledge to thousands of students.
Source: cryptonews.net
