Pakistan Plans To Allocate Its Electricity Surplus To Bitcoin Mining

The Pakistani government is seriously considering the possibility of using its electricity surplus for Bitcoin mining and hosting AI centers. This strategy aims to convert an energy surplus into national economic leverage.

Pakistan is betting on Bitcoin mining to enhance its energy surplus

Pakistan has started discussions with several mining companies to exploit its electricity surplus, particularly in regions with abundant energy capacity, according to Bilal Bin Saqib, director of the Pakistan Crypto Council.

According to a report from Reuters, this initiative is part of a broader strategy aimed at monetizing the underutilized resources of the country.

The country faces an energy paradox: while some regions experience electricity shortages, others produce more energy than they consume.

The growing development of solar energy exacerbates this imbalance, creating surpluses that are difficult to store or redistribute effectively.

Bitcoin mining appears as a solution to monetize this surplus while positioning Pakistan on the global map of blockchain technologies. This approach could transform an infrastructure problem into a competitive advantage.

A fertile ground for blockchain innovation despite regulatory challenges

This initiative fits into a broader vision for the country’s digital development. Changpeng Zhao, founder of Binance and a prominent figure in the crypto world, recently joined the Pakistan Crypto Council as a strategic advisor, reinforcing the credibility of the national project.

His expertise will be crucial in developing the country’s blockchain infrastructure, establishing a solid regulatory framework, and training the Pakistani youth in emerging technologies. This collaboration is expected to accelerate the development of a dynamic local crypto ecosystem.

Pakistan already shows considerable potential, ranking among the top ten countries in crypto adoption with 15 to 20 million users. The country also hosts the third largest freelance community in the world, creating a talent pool for the digital economy.

To maximize these opportunities, Bilal Bin Saqib emphasizes the importance of creating regulatory sandboxes that allow for testing crypto solutions in a controlled environment while heavily investing in the technical training of Pakistani youth.

In summary, this approach echoes recent proposals in France, where Marine Le Pen proposes to exploit nuclear surpluses for Bitcoin mining.