IMF Questions Pakistan's 2,000MW Crypto Mining Power Allocation

IMF Questions Pakistan's 2,000MW Crypto Mining Power Allocation

The International Monetary Fund (IMF) has raised serious concerns regarding Pakistan’s recent decision to allocate 2,000 megawatts (MW) of electricity for Bitcoin mining and artificial intelligence (AI) data centers. This development emerges amid ongoing negotiations tied to the country’s extended financial program. Announced by Pakistan’s Finance Ministry, the initiative aims to attract autonomous miners, blockchain companies, and AI firms t...

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