Pakistan Allocates Surplus Electricity for Bitcoin Mining: A New Chapter in Digital Assets

Pakistan is taking a bold step forward by utilizing its surplus electricity generation capacity to fuel a Bitcoin mining project. This initiative, spearheaded by prominent figures like Bilal Bin Saqib and Changpeng Zhao, aims to capitalize on unused power resources to develop digital assets. 10GW of this surplus electricity will be allocated for mining operations, aiming to bolster Bitcoin’s network through increased computing power and transaction volume. Blockchain experts believe this move could significantly impact global market dynamics, potentially leading to an adjustment in the mining difficulty and a surge in crypto-related activity. Pakistan’s approach aligns with established models of government-backed digital asset projects seen in countries like Kazakhstan and Iran, demonstrating a shift toward embracing digital economies.