Allowing 2500 megawatts (MW) of surplus electricity to be used for AI data centers and crudepCurrency mining has the potential to make substantial changes to Pakistan’s energy and technology industries. The goal is to attract foreign investment in the digital economy, stimulate power generation, minimize payments to inactive power producers, and employ idle power generation resources.
While Pakistan currently does not have any publicly traded companies specifically focused on cryptocurrency mining, a number of sectors and companies stand to gain indirectly from such an initiative:
- Energy Sector Companies: • Hub Power Company (HUBC): HUBC being one of the largest power producers in Pakistan may be able to meet the demand of electricity emerging from new crypto mining operations because it is an independent power producer. • K-Electric (KEL): K-Electric might benefit from greater electricity consumption from ekstrato crypto mining facilities within its distribution zone .
- Technology and Infrastructure Firms: • Systems Limited (SYS): As a blockchain expert, Systems Limited with its extensive portfolio might possess unique possibilities by deploying tech and infrastructural advances to crypto mining and AI data centers.
3. Renewable Energy Companies:
- Engro Energy Limited: As a related to energy Projects Company, It is assumed that Engro Energy will make greater profit as investment in power infrastructure increases to fuel energy thirsty industries like crypto mining.
- Financial Institutions and Investment Firms:
- Pakistani Banks and Investment Firms: Investment institutions enabling investment into the technology and energy domains are likely to experience greater activity owing to the government’s attempts to draw international interest into crypto mining and AI.
Conclusion:
Although as of now there are no openly listed crypto mining firms in Pakistan to take advantage of, the provision of excess electricity by the government for the purpose of subsidizing crypto mining and AI data centers will add value to numerous sectors in Pakistan. These include but are not limited to: Producing energy, Technology, Renewable energy companies, Financial services. There is indeed lower demand in these sectors. Relying on this policy change will bear fruits and care for companies willing to incur losses in hope for future profits based on policy changes will have the opportunity to invest and grow their business in crypto mining and AI infrastructure in Pakistan.