{"id":257476,"date":"2025-05-26T05:03:08","date_gmt":"2025-05-26T05:03:08","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/bitcoin-gets-official-push-as-this-south-asian-nation-assigns-2000-mw-surplus-energy-for-mining\/"},"modified":"2025-05-26T05:03:08","modified_gmt":"2025-05-26T05:03:08","slug":"bitcoin-gets-official-push-as-this-south-asian-nation-assigns-2000-mw-surplus-energy-for-mining","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=257476","title":{"rendered":"Bitcoin Gets Official Push As This South Asian Nation Assigns 2000 MW Surplus Energy For Mining"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/story\/2025\/05\/25\/Close-up-Of-A-Metallic-Golden-Bitcoin-Cr.jpeg?optimize=medium&amp;dpr=1&amp;auto=webp&amp;height=675&amp;width=1200&amp;fit=crop\" \/><\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<div class=\"sc-kRnApQ MFhKM\"><!--$--><\/p>\n<p class=\"block core-block\">Pakistan\u2019s finance ministry unveiled plans Sunday to assign 2000 megawatts of electricity\u00a0to power <strong>Bitcoin<\/strong> <span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\" style=\"display:inline-block\">BTC\/USD<\/span> mining and\u00a0artificial intelligence data centers.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>What Happened<\/strong>: The move is part of the South Asian nation\u2019s strategy to harness its excess electricity for mining operations\u2014a way through which new BTC are brought into circulation, as reported by\u00a0Reuters.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The initiative is being led by the\u00a0Pakistan Crypto Council, a government-backed regulatory body tasked with promoting blockchains and digital assets within the country. According to the finance ministry, the goal is to leverage surplus electricity to create high-tech job opportunities and attract foreign investment.<\/p>\n<p><!--\/$--><!--$--><!--$--><!--\/$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Why It Matters: <\/strong>Pakistan\u2019s energy sector has long struggled with difficulties such as excessive electricity pricing and excess producing capacity, <a href=\"https:\/\/www.dawn.com\/news\/1899477\" target=\"_blank\">according <\/a>to Dawn, Pakistan\u2019s largest English newspaper.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Miners help stabilize a power system by turning on their activities <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43119210\/bitcoin-miners-helped-texas-avoid-18-billion-energy-costs-report\" target=\"_blank\">when there is excess capacity of electricity<\/a>, and substantially reducing them when there is a need for increased utilization under adverse weather conditions.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>See Also:\u00a0<a href=\"https:\/\/benzinga.com\/markets\/cryptocurrency\/25\/05\/45567337\/ripple-eyes-11b-circle-takeover-as-xrp-faces-whale-shorts-and-market-doubts\" target=\"_blank\" rel=\"noreferrer noopener\">Ripple Plans $11B Circle Acquisition Amid Whale Shorts and XRP Market Tension<\/a><\/strong><\/p>\n<p><!--\/$--><!--$--><\/p>\n<div class=\"sc-gvLdPU cCxyNn call-to-action vertical horizontal\">\n<div class=\"sc-gKkQpN imcjpG disclosure-box\">\n<p>Disclosure: 82% of retail CFD accounts lose money<\/p>\n<\/div>\n<\/div>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">Pakistan has been making concerted efforts to spread its wings in the cryptocurrency space. Last month, it\u00a0roped in\u00a0<strong>Changpeng Zhao<\/strong>, the co-founder of the world&#8217;s largest cryptocurrency exchange <strong>Binance<\/strong>, as the strategic advisor of the Pakistan Crypto Council.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\">The body also signed a pact with <strong>World Liberty Financial,<\/strong> a cryptocurrency platform <a href=\"https:\/\/www.benzinga.com\/25\/05\/45312897\/did-trump-backed-world-liberty-financial-bought-35-million-in-eth-heres-what-on-chain-data-says\" target=\"_blank\">backed<\/a> by President <strong>Donald Trump<\/strong>, to \u201caccelerate\u201d blockchain innovation in the Asian country.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Price Action<\/strong>:\u00a0 At the time of writing, BTC was exchanging hands at $109,336.25, up 1.08% in the last 24 hours, according to <a href=\"https:\/\/pro.benzinga.com\/dashboard?_gl=1*380nj0*_ga*MTEyOTAyOTcxMy4xNzEzMzY0NTYy*_ga_V7ZK73W7N0*MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..\" target=\"_blank\">data from Benzinga Pro<\/a>.<\/p>\n<p><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><em>Photo Courtesy: PalSand on Shutterstock.com<\/em><\/p>\n<p><!--\/$--><!--$--><!--\/$--><!--$--><\/p>\n<p class=\"block core-block\"><strong>Read Next:\u00a0<\/strong><\/p>\n<p><!--\/$--><!--$--><!--\/$--><\/div>\n<\/div>\n<div class=\"flex md:hidden flex-col gap-4 w-full max-w-[450px] my-4 mx-auto\">\n<div class=\"sc-ceLTrZ djbcXt article-header-ticker-list h-full\">\n<div class=\"flex flex-col w-full h-full\">\n<div class=\"article-header-main-ticker\">\n<div class=\"mb-1\">\n<div class=\"sc-fsFrzz eYEsPY flex flex-col\">\n<div class=\"sc-eynGPH kMgmFn layout-dark relative\">\n<div class=\"bg-[#192940cc] flex flex-col items-center justify-center px-6 edge-banner\">\n<div class=\"paywall-data\">\n<h3 class=\"text-white\">Stock Score Locked: Want to See it?<\/h3>\n<p class=\"text-white\">Benzinga Rankings give you vital metrics on any stock \u2013 anytime.<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/premium\/ideas\/benzinga-edge?adType=stockwidget&amp;campaign=ranking&amp;ad=rankingv1\" class=\"sc-jIBlqr dOVCIV flat-blue md\" type=\"button\"><span>Reveal Full Score<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s finance ministry unveiled plans Sunday to assign 2000 megawatts of electricity\u00a0to power Bitcoin BTC\/USD mining and\u00a0artificial intelligence data centers. What Happened: The move is part of the South Asian nation\u2019s strategy to harness its excess electricity for mining operations\u2014a way through which new BTC are brought into circulation, as reported by\u00a0Reuters. The initiative is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":257477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[12766,46723,12920,974,31934,20171,1929,5850,6658,8166],"dealstore":[],"offerexpiration":[],"class_list":["post-257476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-asian","tag-assigns","tag-bitcoin","tag-energy","tag-mining","tag-nation","tag-official","tag-push","tag-south","tag-surplus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Gets Official Push As This South Asian Nation Assigns 2000 MW Surplus Energy For Mining - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=257476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Gets Official Push As This South Asian Nation Assigns 2000 MW Surplus Energy For Mining - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Pakistan\u2019s finance ministry unveiled plans Sunday to assign 2000 megawatts of electricity\u00a0to power Bitcoin BTC\/USD mining and\u00a0artificial intelligence data centers. 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