Starcloud, a company supported by Nvidia, is gearing up to launch a satellite that will employ ASIC miners for Bitcoin mining, according to CEO Philip Johnston. The satellite, named Starcloud-2, is expected to be operational by the end of this year.
"The cat is out of the bag: @Starcloud_ will be the first to mine Bitcoin in space. This will be a massive industry. Currently, Bitcoin mining consumes about 20 GW of power continuously, and doing this on Earth is not sustainable," Johnston stated.
Johnston highlighted that using ASIC miners, which are significantly cheaper than traditional GPUs, will make space-based Bitcoin mining a promising venture. He noted that an ASIC costs around $1,000 compared to a kilowatt chip that can reach $30,000.
"The potential for cost savings and access to endless solar energy in space makes this a compelling business opportunity. In the future, we should transition all Bitcoin mining into orbit," Johnston added.
Starcloud, founded in 2024, previously launched its first satellite, Starcloud-1, in November 2025, which carried Nvidia's H100 chip into orbit. The company recently applied to the FCC for permission to deploy 88,000 solar-powered satellites, some of which will be dedicated to cryptocurrency mining.
