IMF Demands Clarification on Pakistan’s Bitcoin Mining Plan Amidst Energy Shortages

Pakistan’s government has allocated 2,000MW of electricity to support Bitcoin mining and AI activities in a move that faces scrutiny from the IMF. This allocation raises concerns about energy shortages and potential social impact on low-income households, as financial talks with the IMF continue. The decision impacts both the national energy grid and the global Bitcoin market. Experts say this allocation could worsen existing power outages and complicate negotiations with the IMF.