Pakistan is allocating 2,000 megawatts of electricity in the first phase of a plan to power bitcoin mining and AI data centers, according to a statement from the country’s finance ministry.

A U.S. judge has overturned the fraud and market manipulation convictions of Avraham Eisenberg, the trader who siphoned $110 million from Mango Markets.

Semler Scientific (SMLR), a medical equipment manufacturer, has expanded its bitcoin holdings with a $50 million acquisition, its third-largest since adopting a bitcoin-focused treasury strategy in 2024.

Top stories in the Crypto Roundup today:

• Pakistan Taps Idle Power Plants to Support Bitcoin Mining and AI Data Centers
• Judge Overturns Mango Markets Exploiter's $110M Crypto Fraud Conviction
• Semler Scientific Adds $50M in Bitcoin, Raising Total Holdings to Over 4,200 BTC

Pakistan Taps Idle Power Plants to Support Bitcoin Mining and AI Data Centers

Pakistan is allocating 2,000 megawatts of electricity in the first phase of a plan to power bitcoin mining and AI data centers, according to a statement from the country’s finance ministry.

The energy will come from coal-fired power plants like Sahiwal and Port Qasim, which are currently running at 15% capacity. The move is part of a broader push to legalize cryptocurrency, attract foreign investment, and create high-skilled jobs in a country that narrowly avoided default in 2023.

The initiative is being spearheaded by the Pakistan Crypto Council, a group working with the government to build a regulatory framework for digital assets. With an estimated 15 to 20 million crypto users already active in the country, officials are betting that legitimizing and regulating the sector could help stabilize the economy and tap into global crypto flows.

Judge Overturns Mango Markets Exploiter's $110M Crypto Fraud Conviction

A U.S. judge has overturned the fraud and market manipulation convictions of Avraham Eisenberg, the trader who siphoned $110 million from Mango Markets.

In a decision issued Friday, U.S. District Judge Arun Subramanian said prosecutors failed to show that Eisenberg made false representations to the platform, which operated through automated smart contracts that allowed anyone to transact.

Eisenberg had manipulated the price of Mango’s MNGO token by more than 1,000% within 20 minutes, inflating the value of his holdings. He then used those tokens as collateral to borrow and withdraw over $100 million in digital assets from the protocol. 

His legal team argued that the actions, while aggressive, were permitted by the code and rules set by Mango Markets itself. The court agreed, noting the platform's permissionless nature meant there was no deception involved.

Semler Scientific Adds $50M in Bitcoin, Raising Total Holdings to Over 4,200 BTC

Semler Scientific (SMLR), a medical equipment manufacturer, has expanded its bitcoin holdings with a $50 million acquisition, its third-largest since adopting a bitcoin-focused treasury strategy in 2024.

The company disclosed on Thursday that it had bought 455 bitcoin between May 13 and May 22, paying an average of $109,801 per coin. The purchase was financed through proceeds from an at-the-market (ATM) equity offering, part of a broader $500 million fundraising effort launched in mid-April.

This latest buy pushes Semler’s total bitcoin stash to 4,264 BTC, acquired at a combined cost of $390 million. The market value of those holdings now tops $450 million.

Bitcoin has become central to how Semler evaluates performance. The firm reported its BTC Yield—a metric that tracks the year-to-date growth in bitcoin holdings per share—hit 25.8% so far in 2025. 

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