A United States-based space technology startup called Starcloud has announced plans to deploy Bitcoin mining equipment in Earth’s orbit before the end of 2026, positioning itself to potentially become the pioneer in extraterrestrial cryptocurrency mining.
The company’s CEO, Philip Johnston, revealed these plans during a video conversation with HyperChange this past Thursday, subsequently reaffirming the announcement through his social media channels over the weekend.
According to Johnston, Starcloud intends to integrate Bitcoin mining ASICs — specialized application-specific integrated circuits designed exclusively for cryptocurrency mining — into its upcoming second spacecraft. The launch window is currently set for the latter part of 2026.
NEW: Orbital data center firm Starcloud says it plans to start #Bitcoin mining in space this year.
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— The Moon Show (@TheMoonShow) March 9, 2026
Established in the first quarter of 2024, Starcloud’s primary mission centers on establishing orbital data processing facilities to address the growing power requirements associated with artificial intelligence computing.
Last November, the company successfully deployed a satellite equipped with an Nvidia H100 GPU into space. This marked a historic achievement as the most powerful graphics processing unit ever operated beyond Earth’s atmosphere. Johnston subsequently disclosed that one GPU among the five units aboard that satellite experienced connectivity issues prior to liftoff.
The startup has additionally submitted documentation to the Federal Communications Commission requesting authorization to manage a network comprising 88,000 satellites. These orbital data facilities would operate predominantly on solar energy.
Johnston explains that Bitcoin mining equipment offers superior suitability for space-based operations compared to AI-focused GPUs, primarily due to economic considerations.
“A 1-kilowatt B200 chip, it might cost $30,000. A 1-kilowatt ASIC is like $1,000,” he said. That makes ASICs roughly 30 times cheaper per kilowatt than GPUs.
He emphasized that the current power consumption of Bitcoin operations — approximately 20 gigawatts running continuously — creates significant challenges for maintaining all mining activities on Earth over the long term.
Nevertheless, Johnston admitted that the financial viability of space-based Bitcoin mining remains unproven. Mining returns can decline rapidly as more advanced, energy-efficient equipment enters the marketplace.
Starcloud isn’t pursuing this concept in isolation — another enterprise called Intercosmic Energy has similarly been developing space-based Bitcoin mining capabilities.
Bitcoin’s market value has declined approximately 48% from its October 6, 2025 peak of $126,080, creating pressure on mining profitability.
Nevertheless, the network’s mining difficulty metric has declined 7% from November’s record level of 155.9 trillion units to roughly 145 trillion currently, offering miners modest relief.
In related developments, entrepreneurs Jose and Carlos Puente have introduced a concept for transmitting Bitcoin transactions to Mars utilizing optical communication links and a novel interplanetary timestamp verification system. They maintain that actual Bitcoin mining operations on Mars would prove impractical given the communication latency between Earth and the Red Planet.
Starcloud’s second spacecraft mission, which will transport the Bitcoin mining ASICs into orbit, remains on schedule for a late 2026 launch.
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