Starcloud plans to mine Bitcoin from orbit using ASIC hardware, arguing the economics of space computing favor specialized mining chips over GPUs.

Despite a rise in crypto fundraising, Messari’s Eric Turner noted that no major crypto VCs have closed rounds except Dragonfly recently, stating that crypto “needs some fresh capital.”

Bitcoin’s price has now fallen for four consecutive days to $66,272 after initially climbing on the US-Israel strikes on Iran.