Pakistan Turns to Bitcoin Mining to Address $7.4 Billion Energy Crisis, First Appeared on Coinpedia Fintech News

Pakistan is considering addressing its long-standing energy crisis by introducing Bitcoin mining that utilizes idle electricity. The government has proposed a strategy to redirect up to 2000 megawatts (MW) of surplus energy to cryptocurrency mining and artificial intelligence data centers, converting financial losses into potential gains.

This marks a significant shift in the country’s approach to energy and digital assets. Pakistan's concerning fiscal situation parallels its urgent need to take Bitcoin seriously and resolve a decade-long energy problem.