Pakistan is building a "2 million kW 2GW Bitcoin Mining Farm" set to launch by the end of the year. Can it create a financial lifeline?

Pakistan announced the allocation of 2,000 megawatts of idle electricity to mine bitcoin, hoping to reduce capacity fees by $745 million and bring in $1.8 billion in foreign exchange, but the IMF, power hopping and high electricity prices have become three hurdles (Synopsis: Think bitcoin consumes electricity? Study: AI power consumption surpasses BTC mining by the end of 2025 at the earliest) (Background supplement: Michigan proposes 4 crypto bills: pension investment BTC, green mining and tax relief, and opposition to CBDC) The Pakistani government has decided to turn years of idle power generation capacity into a "digital printing machine", and is expected to set aside 2,000 MW (2GW, converted to 2 million wattles) of capacity from 2025 for Bitcoin mining farms and AI data centers. The outside world estimates that if the annual output of 17,000 bitcoins, based on the Coingecko 7-day quotation of $105,251 per coin, it can create nearly $1.8 billion in foreign exchange for the treasury; And save $745 million in capacity costs per year. Capacity fee black hole forces government to look for exports Pakistan's total airborne capacity is 46.6 GW, but only 12 GW is used in the off-season. Under the government's "pay-as-you-go" electricity contract, the government still has to pay 2.1 trillion rupees of capacity to coal and gas-fired power plants, or about 0.7 per cent of GDP. Half of the thermal power units have a utilization rate of less than 20%, but they charge the full fee, forcing the Pakistani Ministry of Finance to find a way out that "can make money back". Bitcoin Mining Solutions and Investment Paths At Bitcoin 2025, Pakistan Crypto Council Chairman Bilal Bin Saqib emphasized: "It's not about burning money, it's about turning mandatory costs into asset reserves." The government plans to convert old coal power into mines, exempt imported ASIC mining machines and servers, and allow foreign investment to jointly build "mine + AI dual parks" with state-owned power plants. The bitcoins will be remitted to the national wallet, and officials say they can create thousands of engineering jobs. Mining can be a Treasury trap? Pakistan's industrial electricity price is about $0.22 a degree, above the global miner threshold of 0.09. The Energy Department has hinted at subsidizing electricity for mines, but the International Monetary Fund has asked Pakistan to "immediately explain the impact of subsidies on the EFF bailout program." If the subsidy is stopped, the competitiveness may return to zero in an instant. Pakistani officials likened the mining plan to "new hydropower": using existing thermal power first, and switching to solar and wind power in the long term. If it can simultaneously pull down electricity prices, stabilize the grid and get the IMF's nod, Pakistan may indeed turn the power black hole into a bitcoin vault. Conversely, if the recovery of electricity subsidies is out of control, or the power network does not improve, it will be difficult for mining revenues to offset the new deficit, and it may drag down the next round of negotiations with the IMF. Can Bitcoin Light Up Pakistan's Fiscal Dead End? The initial results will be visible at the end of 2025, when the first miners are plugged in. Related reports Think Bitcoin consumes electricity? Research: AI power consumption surpasses BTC mining by the end of 2025 at the earliest, brushing hair with the mouth, is becoming a new mining model 〈Pakistan to build a "two million 2GW bitcoin mining farm" at the end of the year, can open a financial livelihood? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".