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Deep Space Industries launched just last year with big plans to prospect near-Earth asteroids and mine them for water and metals. Deep Space chairman Rick Tumlinson, a veteran of the private space industry, said the company's move into the cryptocurrency world is in line with its goals.
"While this announcement may surprise some people, it is actually very much in line with our spacecraft development plans, including another private spacecraft system we will be announcing in a few months that will use many of the same components and systems," Deep Space chairman Rick Tumlinson said in a statement. "This means much lower costs — very important for the donation-based BitSat effort."