Space computing startup Starcloud has completed a $170 million Series A funding round, led by Benchmark and others

The space computing startup Starcloud announced the completion of a $170 million Series A financing round at a valuation of $1.1 billion, led by Benchmark and EQT Ventures, bringing the total financing amount to $200 million so far.

It is reported that Starcloud will launch Starcloud 2 later this year, which will be equipped with multiple GPUs, including Nvidia Blackwell chips, AWS server blades, and a Bitcoin mining machine. Its CEO Philip Johnston claimed that Starcloud 2 will be the first space Bitcoin mining satellite and stated that space mining is the direction of the future.

In addition, the company will also develop a data center spacecraft named Starcloud 3, which is expected to be launched by SpaceX's heavy-lift rocket "Starship."