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๐Ÿค– AI ร— Crypto๐ŸŸข BullishImportance 7/10

Bitcoin Mining Is Leaving Earth: Nvidia-Backed Firm Targets Space

Bitcoinist|Christian Encila|
Bitcoin Mining Is Leaving Earth: Nvidia-Backed Firm Targets Space
Image via Bitcoinist
๐Ÿค–AI Summary

Starcloud, backed by Nvidia, launched a spacecraft with an H100 GPU into orbit last year and plans to deploy ASIC Bitcoin miners on a second spacecraft in 2024. This represents a test of whether cryptocurrency mining operations can be successfully conducted in space.

Key Takeaways
  • โ†’Starcloud successfully deployed an Nvidia H100 GPU to low Earth orbit in their first spacecraft mission.
  • โ†’The company plans to launch ASIC Bitcoin miners on a second spacecraft later this year.
  • โ†’This initiative represents an explicit test of space-based cryptocurrency mining feasibility.
  • โ†’The project has backing from Nvidia, suggesting institutional interest in space-based crypto operations.
  • โ†’The move could open new frontiers for cryptocurrency mining beyond Earth-based operations.
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