Starcloud plans to achieve space-based Bitcoin mining by the end of the year, and will deploy ASICs on its second satellite.
36 minutes ago
Nvidia-backed startup Starcloud plans to launch a space-based bitcoin mining operation by the end of this year. CEO Philip Johnston said in an interview, "We will be the first company to mine bitcoin in space, and we will carry some bitcoin mining ASICs on our second spacecraft, which is scheduled to launch later this year." Founded in 2024, Starcloud’s core goal is to send its data centers into space, leveraging continuous solar power and radiative cooling to avoid ground licensing restrictions while scaling to gigawatt-level computing power. Starcloud-2, the second of the company’s four planned satellites, is positioned as its first commercial mission and will carry a GPU cluster, though the official project page does not mention bitcoin mining or ASICs. Johnston explained the financial rationale behind the shift to bitcoin mining: ASICs cost roughly 30 times less per kilowatt than GPUs. A 1-kilowatt Nvidia B200 chip costs around $30,000, while a 1-kilowatt ASIC is only about $1,000.
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