Starcloud Targets Bitcoin Mining in Orbit With New Satellite

BTC1,21%

Starcloud, an orbital data center startup backed by Nvidia’s startup ecosystem, has announced plans to begin mining Bitcoin from space later this year

The company said the initiative will start once its second spacecraft is launched, potentially making Starcloud the first company to mine Bitcoin beyond Earth’s atmosphere.

The project is part of Starcloud’s broader ambition to build space-based computing infrastructure powered primarily by solar energy

By placing data center hardware in orbit, the company aims to harness continuous solar power and the naturally cold environment of space to support energy-intensive computing tasks, such as artificial intelligence processing and cryptocurrency mining.

According to the company, the second spacecraft will carry specialized Bitcoin mining hardware designed to operate in the unique conditions of low Earth orbit

The satellite is expected to rely on solar panels to generate power, eliminating the need for traditional energy grids that power most terrestrial mining operations.

If successful, the mission could mark a significant technological milestone for both the space industry and the cryptocurrency sector

Bitcoin mining typically requires vast amounts of electricity and cooling infrastructure, making energy costs one of the largest expenses for mining companies. Operating in space could potentially reduce cooling requirements while tapping into uninterrupted solar energy.

Starcloud has previously experimented with orbital computing technology through earlier test missions aimed at evaluating the feasibility of running high-performance computing systems in space. These tests focused on assessing the reliability of hardware and data transmission capabilities between satellites and ground stations.

The company believes that space-based data centers could eventually support a wide range of applications beyond crypto mining, including AI workloads, scientific simulations, and global data processing networks.

Despite the ambitious vision, experts note that the concept still faces significant challenges. Launch costs, satellite reliability, and secure data transmission remain critical factors that could influence the long-term viability of orbital computing systems.

Still, Starcloud’s upcoming mission reflects growing interest in expanding computing infrastructure beyond Earth, as companies explore new ways to address rising energy demands and technological limitations on the ground.

Your web3 identity + services + payments in one single link. Get your pay3.so link today.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January

Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.

GateNews45m ago

Bitcoin Ownership Surpasses Gold Among Americans for the First Time

More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.

GateNews1h ago

Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk

Iran Bitcoin toll revives debate on crypto as global payment infrastructure Geopolitical tensions push Bitcoin beyond store-of-value into currency role Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives Bitcoin price outlook has shifted again after fr

CryptoNewsLand1h ago

MicroStrategy Proposes Semi-Monthly Dividends for STRC to Improve Liquidity and Stabilize Stock Price

MicroStrategy has proposed changing its STRC preferred stock dividends from monthly to semi-monthly to enhance liquidity and stabilize stock prices, maintaining an 11.5% annual yield. Concerns about this structure have been raised by Bitcoin critic Peter Schiff.

GateNews3h ago

Tim Draper-Linked Wallet Deposits 150.84 BTC to Major CEX, Facing ~$2.57M Loss

Tim Draper's wallet transferred 150.84 BTC, valued at $11.62 million, to a centralized exchange after a year of holding, leading to an estimated loss of $2.57 million.

GateNews4h ago

Bitcoin Spot ETFs Record $664M Net Inflows, Highest Single Day in Three Months

Bitcoin spot ETFs saw significant net inflows of $664 million on April 17, the largest in three months. BlackRock led the funds with $284 million, followed by Fidelity and ARK. Other products saw minimal contributions.

GateNews4h ago
Comment
0/400
No comments