Pakistan to Use Surplus Power for Bitcoin Mining and AI Data Centers, Says Crypto Council
ISLAMABAD: In a forward-looking move, Pakistan is planning to utilize its surplus electricity to support Bitcoin mining operations and AI-powered data centers, according to Bilal Bin Saqib, CEO of the Pakistan Crypto Council and adviser to the finance ministry.
Speaking to Reuters, Saqib revealed that discussions have already been held with several international mining firms. The final location of the mining facilities will be determined based on regions with excess energy capacity, a strategic decision aimed at maximizing existing infrastructure.
The initiative comes as solar energy adoption grows rapidly across Pakistan. While this shift has helped consumers offset rising electricity costs, it has also added complexity to the national grid—prompting the government to explore innovative ways to utilize surplus energy effectively.
Changpeng Zhao to Advise Pakistan on Blockchain and Crypto Regulation
In a surprising development, Changpeng Zhao, founder of global crypto exchange Binance, has been named a strategic adviser to the Pakistan Crypto Council. Despite facing legal issues in the U.S.—including a four-month prison sentence in 2024 for violating anti-money laundering laws—Zhao will play a significant role in shaping Pakistan’s blockchain future.
According to official documents reviewed by Reuters, Zhao will provide guidance on:
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Blockchain infrastructure development
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Regulatory frameworks for cryptocurrencies
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National initiatives in digital currency and mining
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Educational programs to upskill youth in blockchain and AI
Crypto Growth in Pakistan: A Rising Tech Powerhouse
Pakistan is home to an estimated 15–20 million cryptocurrency users, making it one of the top 10 global adopters of digital assets—despite the absence of formal regulation.
Saqib highlighted the country’s impressive standing as the third-largest freelancer economy globally, alongside a rapidly expanding fintech sector. He emphasized that regulatory sandboxes—safe environments for testing fintech innovations—are critical to nurturing tech entrepreneurship and investment.
Focus on Youth, AI, and Blockchain Education
A key priority, Saqib said, is upskilling the country’s youth in blockchain, AI, and other emerging technologies. These efforts aim to:
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Create new employment opportunities
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Boost digital exports
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Position Pakistan as a global hub for tech talent
“Pakistan has the potential to become a leader in emerging technologies,” Saqib noted. “With the right policies and educational infrastructure, we can empower our youth and strengthen the economy through innovation.”
