The International Monetary Fund (IMF) has raised serious concerns following the recent decision by Pakistan to allocate 2,000 megawatts of electricity for use by Bitcoin mining and artificial intelligence (AI) data centers. According to a report from local news outlet Samaa, the IMF’s concerns follow Pakistan’s announcement of its first strategic Bitcoin reserve. The initiative—unveiled by Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, during the 2025 Bitcoin Conference—also includes plans for a national Bitcoin wallet and a substantial allocation of energy resources to support the country’s growing digital asset ecosystem. Saqib stated that the initiative is expected to attract The post IMF Presses Pakistan Over Power-Hungry Bitcoin Mining Plan first appeared on The Shib Daily
source: https://news.shib.io/2025/06/02/imf-presses-pakistan-over-power-hungry-bitcoin-mining-plan/?utm_source=rss&utm_medium=rss&utm_campaign=imf-presses-pakistan-over-power-hungry-bitcoin-mining-plan