2 min read
ISLAMABAD: Pakistan is exploring the potential of using its surplus electricity to power Bitcoin mining operations and artificial intelligence (AI) data centres. This initiative, aimed at addressing the country’s ongoing energy challenges, was confirmed by Bilal Bin Saqib, head of Pakistan’s Crypto Council and adviser to the finance minister. Discussions with several mining firms have already been held to assess the viability of the project, as reported by Reuters.
Pakistan’s energy sector has faced significant challenges, including high electricity tariffs and surplus power generation capacity. The country’s increasing reliance on solar energy as an alternative to grid power has further complicated the situation, as many consumers seek to reduce their electricity costs.
The location of the proposed Bitcoin mining and AI data centre will be determined by the availability of surplus power in specific regions. This strategy is intended to optimize the use of the country’s excess energy while advancing Pakistan’s digital economy initiatives.
Pakistan is home to an estimated 15-20 million cryptocurrency users, and it ranks among the top 10 global adopters of cryptocurrency, despite the lack of formal regulatory frameworks. The country also has the third-largest freelancer economy, which is closely tied to fintech and digital innovation.
According to documents reviewed by Reuters, Binance founder Changpeng Zhao will be working as a strategic advisor for the Pakistan Crypto Council. In his role, Zhao is expected to assist in developing the country’s blockchain infrastructure, provide guidance on regulatory frameworks, and support initiatives focused on digital currencies, mining, and blockchain education.
In addition to these efforts, Bilal Bin Saqib has advocated for the creation of regulatory sandboxes — controlled environments that would allow startups and innovators to test blockchain and fintech solutions without immediate regulatory pressures. These sandboxes are seen as an important tool for fostering growth in Pakistan’s digital sector.
Saqib also emphasized the importance of upskilling Pakistan’s youth in blockchain and AI technologies, which could help generate employment opportunities and boost exports through digital services. This initiative aims to position Pakistan as a hub for emerging tech talent on the global stage.
