Nvidia Backed Starcloud Plans To Mine Bitcoin From Orbit Later This Year

Nvidia-backed Starcloud has announced plans to mine Bitcoin from orbit, saying it will place bitcoin-mining ASICs on its second spacecraft and aiming to be the first company to mine Bitcoin off Earth.

“Starcloud’s CEO says the company plans to mine Bitcoin in space using satellites packed with ASIC miners in low Earth orbit”

BanklessTimes

Multiple reports describe the move as part of Starcloud's broader push to build orbital data centers and to deploy satellites as cloud-compute platforms rather than solely for traditional space services.

BanklessTimes

Starcloud and its CEO justify spacemining on technical and efficiency grounds.

They say orbital platforms can access near-continuous solar energy and very low ambient temperatures for heat dissipation.

CoinCentral

Starcloud notes that ASIC Bitcoin miners are substantially cheaper per watt than GPUs.

Company statements and coverage stress the scale of terrestrial Bitcoin energy use — roughly 20 GW — which Starcloud’s CEO has argued “makes no sense” on Earth and motivates moving some mining capacity to space.

Starcloud’s ambitions extend beyond a single satellite, with filings and reporting pointing to an eventual large constellation of orbital data centers.

“Starcloud, an Nvidia-backed orbital data center startup, said it will start mining Bitcoin from space later this year when its second spacecraft is launched, positioning it to become the first company to mine Bitcoin off Earth”

Cointelegraph

Some reports cite an extraordinarily large proposed constellation of up to 88,000 satellites.

The company has reportedly sought regulatory engagement with the FCC for large-scale orbital deployments and frames spacemining as part of a broader industry push to meet surging compute and energy demands.

The plan is explicitly experimental and faces acknowledged hurdles.

Coverage and analysts highlight extremely high launch and hardware-protection costs.

CriptoPeriódico

They also highlight the need for cosmic-radiation hardening and limited onsite repair or upgrades.

Sources say the broader technical and economic difficulty of operating compute in space makes practical, large-scale deployment years away.

Reporting notes Nvidia support.

“**Startup Plans First Bitcoin Mining Test In Space With Orbital ASICs** After SpaceChain sent and installed a blockchain hardware onto the International Space Station 9 years ago, an attempt to mine crypto in space has resurfaced”

Stocktwits

A prior Starcloud-1 launch carried an Nvidia H100 that reportedly ran a small AI model.

BanklessTimes

Partnerships are mentioned, including RKLB launches.

CEO Philip Johnston made public announcements on platforms like X and HyperChange.

Some social posts about the plans were reportedly deleted, underscoring that the company's messaging and regulatory steps, including engagement with the FCC, are still evolving as it prepares for upcoming launches.