The International Monetary Fund (IMF) has rejected Pakistan’s initiative to allocate 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and artificial intelligence (AI) data centers, citing concerns over market distortions, legal ambiguities, and risks to the country’s fragile power sector.  Despite the government’s optimism, the IMF swiftly dismissed the proposal. In testimony before the … Continue reading IMF Shuts Down Pakistan’s Plan to Allocate 2000MW for Bitcoin Mining