In a turn of events as quirky as a misplaced bowler’s hat at a country picnic, Pakistan has opted to put its surplus electricity to mischief by venturing into the realm of Bitcoin mining and AI data centers. One might almost hear Jeeves sigh as idle energy is transformed into a splash of digital derring-do, with a nod to a recent Reuters yarn.
Faced with the twin calamities of lofty electricity tariffs and an energy supply playing hopscotch, the nation’s clever chaps are set on converting dreary watts into profitable digital gambols. It’s a plan as unexpected as a marmalade sandwich at tea time, laced with humor, a touch of sarcasm, and a smattering of cheeky emojis 😏.
A Jolly Jaunt into Blockchain Bonanza
The initiative is being steered by the debonair Bilal Bin Saqib – not only the finance minister’s advisor but also the newly crowned CEO of the Pakistan Crypto Council. Preliminary chinwags with several mining firms have already taken place, and the hunt for the perfect electrified locale is well underway.
This venture, launched shortly after the formal unveiling of the Pakistan Crypto Council (an organization dedicated to blockchain festivities, crypto regulations, and digital investment capers), sees Saqib asserting that Pakistan is done dawdling on the sidelines like a misplaced caddy at a country club.
Pakistan Dives Headlong into Bitcoin and AI – Because Who Doesn’t Fancy a Bit of Electric Mayhem?
The nation is cheekily siphoning its surplus electricity into Bitcoin mining & AI data centers, with talks abuzz with several mining firms. Quite the hoot, isn’t it? 🍸
— A Most Amused Observer
A Blithe Shift Towards Crypto Fabulosity
Buoyed by the shifting winds of global crypto fancies, Pakistan’s renewed dalliance with digital assets is as buoyant as a champagne cork at midnight. Saqib, in a rather droll interview with Bloomberg, noted that even the election of a certain raucous US president—ever the supporter of crypto antics—has spurred his country’s blockchain ambitions.
In Saqib’s own florid terms,:
“Pakistan is done lollygagging about the sidelines. We plan to lead the charge in blockchain-powered finance like a chap seizing his moment at a regatta!” 😎
The broader blueprint involves rolling out regulatory sandboxes—think of them as playgrounds for innovation—to ensnare global crypto investment. Even if Pakistan’s regulatory panorama remains a tad undercooked, the country proudly frolics among the top 10 in crypto enthusiasm.
In a twist that might bemuse even the most seasoned of Drones, Binance founder and former CEO Changpeng Zhao has joined the Pakistan Crypto Council as a strategic advisor. Known for his earnest crypto counsel, Zhao now lends his expertise in advising several governments on crypto regulation and blockchain governance, making the whole affair as droll as a well-timed cricket quip.
I officially (and unofficially) advise a few governments on their crypto doings and blockchain shenanigans for enhanced efficiency—work that’s as fulfilling as it is hilarious. 😄
— CZ BNB (@cz_binance)
Thus, with a blend of international camaraderie, political audacity, and infrastructural wizardry, Pakistan appears poised to waltz into the global digital arena, all powered by its formerly idle surplus electricity.
Featured image created with DALL-E, Chart from TradingView
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2025-04-11 09:45