PANews reported on March 31 that, according to TechCrunch, space computing startup Starcloud announced the completion of a $170 million Series A funding round at a valuation of $1.1 billion, led by Benchmark and EQT Ventures. This brings its total funding to $200 million.

Starcloud is reportedly set to launch Starcloud 2 later this year, featuring multiple GPUs, including Nvidia Blackwell chips, AWS server blades, and a Bitcoin mining rig. CEO Philip Johnston has declared Starcloud 2 will be the first space-based Bitcoin mining satellite and stated that space mining is the future. In addition, the company is developing a data center spacecraft called Starcloud 3, expected to be launched by SpaceX's Starship heavy-lift rocket.