Pakistan plans to use excess electricity for Bitcoin mining and AI data centers.

Pakistan is set to harness its surplus electricity for Bitcoin mining and AI data centers, marking a significant shift in its energy and tech strategies. The country intends to capitalize on excess power capacity to drive economic growth, as reported by Reuters. Bilal Bin Saqib, the head of Pakistan’s Crypto Council and financial advisor, disclosed the plan on Wednesday, highlighting ongoing discussions with various mining companies.

Pakistan has been grappling with challenges in its energy sector, such as high electricity prices and persistent overcapacity issues. By reassigning surplus power to digital infrastructure projects, the country aims to modernize its economy and maximize energy investments. This development follows closely on the heels of the government’s recent appointment of Changpeng Zhao (CZ), the founder of Binance, as the new crypto strategic advisor for Pakistan.

Spearheading this new initiative is Saqib, who took the opportunity in a March 25 interview with Bloomberg to extend an invitation to global companies interested in exploring Pakistan’s potential for Bitcoin mining. Expressing openness to international firms, he stated, “We welcome companies to visit Pakistan to evaluate for Bitcoin mining.”

The decision to leverage excess electricity for Bitcoin mining and AI operations underscores Pakistan’s commitment to embracing emerging technologies and fostering economic growth. By repurposing surplus power resources into innovative digital ventures, the country aims to position itself as a hub for tech innovation and investment. This strategic move not only addresses energy efficiency concerns but also propels Pakistan onto the global stage as a player in the digital economy.

The partnership with Binance founder CZ as the strategic advisor on crypto further solidifies Pakistan’s dedication to advancing its digital assets landscape. With CZ’s expertise and guidance, Pakistan seeks to navigate the complexities of the crypto market and harness the full potential of blockchain technology. This collaboration signals a pivotal moment for Pakistan’s crypto industry, signaling its readiness to evolve and adapt to the rapidly changing digital landscape.

As Pakistan forges ahead with its plans to deploy surplus electricity for Bitcoin mining and AI data centers, it signals a bold step towards embracing innovation and technological advancement. By tapping into the potential of digital assets and cutting-edge technologies, Pakistan is positioning itself for sustainable growth and prosperity in the digital age. With a focus on maximizing its energy resources and fostering a tech-friendly environment, Pakistan is poised to unlock new opportunities and drive economic development through strategic energy and tech initiatives.