IMF asks Pakistan to urgently clarify 2,000 MW of power allocated for Bitcoin mining

This article is machine translated
Show original
According to Samaa News, the International Monetary Fund (IMF) has expressed serious concern about Pakistan's recent announcement to allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers, and has requested the Ministry of Finance to provide an urgent explanation regarding the legality of the plan, power allocation, and resource usage. The IMF pointed out that this move was made without prior consultation and comes at a time when Pakistan is experiencing energy constraints and financial vulnerability, which could potentially impact ongoing budget negotiations.


Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments