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Pakistan plans to utilize its surplus electricity for Bitcoin mining and AI data centers, according to Bilal Bin Saqib, head of the Pakistan Crypto Council. This initiative aims to convert excess energy into economic leverage, addressing the country's energy paradox ¹.
*Key Points:*
- *Surplus Electricity:* Pakistan faces an imbalance in energy production, with some regions experiencing shortages while others produce more energy than they consume. - *Bitcoin Mining:* The government is in talks with mining companies to exploit this surplus, particularly in regions with abundant energy capacity. - *AI Data Centers:* Hosting AI centers is also part of the plan, positioning Pakistan on the global map of blockchain technologies. - *Regulatory Framework:* The country is working on creating regulatory sandboxes to support innovation and attract global crypto investment ¹ ².
*Partnerships and Collaborations:*
- *Binance Founder:* Changpeng Zhao, founder of Binance, has joined the Pakistan Crypto Council as a strategic advisor, reinforcing the country's blockchain infrastructure development. - *Global Adoption:* Pakistan ranks among the top 10 countries in global crypto adoption, with 15-20 million users, and hosts the third-largest freelance community in the world ³ ¹.
This initiative is part of a broader strategy to monetize underutilized resources and drive economic growth through digital innovation.