Gate News, March 9 — Nvidia-backed orbital data center startup Starcloud announced that it will begin mining Bitcoin in space later this year during the launch of its second spacecraft, potentially becoming the first company to mine outside Earth. Starcloud CEO Philip Johnston stated that operating Bitcoin-specific ASIC miners in space would be “one of the most attractive use cases for space computing,” as their costs are significantly lower than GPUs. The cost per kilowatt-hour for GPUs is about 30 times that of ASICs; a 1-kilowatt B200 chip may cost $30,000, while a 1-kilowatt ASIC costs only around $1,000. Johnston believes space Bitcoin mining will become a “large-scale industry” because mining on Earth “makes no sense,” and ultimately all mining activities will be conducted in space. Starcloud’s data center consists of approximately 88,000 satellites, mainly powered by solar energy. The company was founded in early 2024 and had already launched satellites equipped with NVIDIA H100 into orbit in November of last year.
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