Pakistan Dedicates 2,000MW Power to Bitcoin Mining and AI Boom

Yigit Taha OZTURK — Sun, 25 May 2025 12:00:11 +0000

When a nation seeks to reinvent its digital identity, bold infrastructure decisions often pave the way. Pakistan has just taken such a leap—by earmarking an impressive amount of excess energy exclusively for Bitcoin mining and artificial intelligence development.

Electric Surplus Turned into Digital Opportunity

According to reports, Pakistan’s Ministry of Finance, in collaboration with the Pakistan Crypto Council, has allocated 2,000 megawatts of surplus electricity to power Bitcoin mining farms and AI data centers. Finance Minister Muhammad Aurangzeb stated that this decision is expected to attract billions in foreign investment while also creating high-tech job opportunities nationwide.

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In a second phase, the plan includes integrating renewable energy sources into the mining process—emphasizing a commitment to environmentally responsible growth alongside digital innovation.

Clear Regulations, Attractive Incentives

Beyond energy allocation, Pakistan is actively offering tax incentives and duty exemptions to entice international BTC miners and AI firms. Several foreign delegations have reportedly visited the country to explore investment prospects.

To ensure regulatory transparency, the government has established the Pakistan Digital Assets Authority (PDAA), which will oversee licensing for exchanges, wallets, stablecoins, and other blockchain-based platforms. These steps mark a major pivot in Pakistan’s ambition to become a global tech and crypto leader.

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The post Pakistan Dedicates 2,000MW Power to Bitcoin Mining and AI Boom appeared first on Coin Engineer.

Revolut Doubles Profit To $1.3B Fueled By Crypto Trading Surge

Yigit Taha OZTURK — Thu, 24 Apr 2025 10:00:53 +0000

Revolut more than doubled its pre-tax profit to £1 billion ($1.3 billion) in 2024, thanks to a strong rebound in crypto trading and the addition of 15 million new users. According to its annual report, the company’s revenue surged from £1.8 billion to £3.1 billion year-over-year.

The fintech’s wealth division, which includes stock and digital asset trading, generated £506 million in revenue — almost four times more than in 2023. The renewed interest in Bitcoin (BTC) and Ethereum (ETH) played a key role in this growth.

Revolut Secures UK Banking License

Founder and CEO Nik Storonsky described 2024 as a landmark year, highlighting the acquisition of the long-awaited UK banking license in July. This license enables Revolut to test and roll out financial services like credit cards, buy-now-pay-later products, and potentially mortgages.

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In May, Revolut launched Revolut X, a desktop-focused crypto exchange offering over 100 tokens, low fees, and real-time on/off-ramps. The platform is expected to roll out on mobile in 2025. In November, Revolut X expanded across 30 markets in the European Economic Area, enhancing its digital asset offerings.

Challenges And Future Goals

Despite the surge in users, Revolut still struggles to convert app users into primary banking clients. In 2024, total deposits grew from $23.9 billion to $39.8 billion, a crucial factor for future lending services.

Revenue from premium plans increased by 74% to £423 million, while the business services division now contributes 15% of total revenue.

Revolut’s ambitious target: 100 million active users across 100 countries.