Pakistan is betting 2,000 megawatts of excess electricity on Bitcoin mining. Will it become the next crypto gold mine?
The Pakistani government has played the "energy economy card" and used the excess 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence centers, trying to transform "power redundancy" into a "growth engine". The plan is promoted by the Ministry of Finance and the Cryptocurrency Committee, driven by "policy dividends + energy advantages" and inviting global technology investors.
Pakistan's power grid has been facing the embarrassing situation of "overproduction of electricity" for a long time. Now the government will directly transmit these excess electricity to data centers and mines. At present, the first phase of the project has been launched rapidly, aiming to attract billions of dollars in foreign investment and create technology jobs in cities and towns across the country.
The Ministry of Finance has simultaneously launched the "hardware tax exemption + AI facility tax exemption" policy, and the first batch of foreign delegations have visited the cooperation space on the spot. Finance Minister Aurangzeb bluntly stated that clear rules and preferential policies make Pakistan an investment choice for high-tech companies.
To ensure the smooth implementation of the plan, Pakistan announced the establishment of a digital asset management bureau to comprehensively supervise exchanges, wallets and token platforms, covering full-chain services such as stablecoins and DeFi. It plans to tokenize national assets and public debts, and audit and track the use of mining electricity. This series of actions is aimed at seizing the commanding heights of blockchain governance.
Faced with the question of "mining exacerbates pollution", the Pakistani government promised to introduce renewable energy in the second phase. According to Chainalysis data, Pakistan's cryptocurrency adoption index in 2024 ranks ninth in the world. With the simultaneous outbreak of retail and institutional markets, it is expected that the number of users will exceed 27 million (accounting for more than 10% of the population) in 2025. However, if the distribution of electricity is unbalanced or the price of currency fluctuates violently, this "energy gamble" may backfire on economic stability.
Pakistan has aggressively entered the crypto industry chain, from power surplus to mining, to policy relaxation and regulatory innovation. However, whether this gamble can avoid the high energy consumption trap and maintain its position in the volatile currency market remains to be seen.
Do you think Pakistan can use its surplus electricity, AI technology iteration and policy relaxation to cultivate Bitcoin mining into a new engine for the country's economic growth?
#巴基斯坦加密 #比特币挖矿 #能源经济