Volato Begins Bitcoin Mining, Targets Citation CJ Series for First Aviation-Based Crypto Mining Platform
Volato Group (NYSE American: SOAR) has initiated ground-based Bitcoin mining operations, marking its first step toward aviation-integrated cryptocurrency mining. The company expects to hold Bitcoin on its balance sheet by Q1 2025.
Volato has identified the Cessna Citation CJ series as its first target platform for aviation-based crypto mining, citing its large installed base of over 2,100 active aircraft. The CJ series was selected for its efficient electrical system, potential for streamlined FAA certification through Supplemental Type Certificate (STC), and high utilization rates.
While aerial mining operations haven't commenced yet, the company is developing patent-pending aviation Bitcoin mining technology. The ground-based mining initiative serves as a learning phase for the company's broader aviation-cryptocurrency integration goals.
Volato Group (NYSE American: SOAR) ha avviato operazioni di mining di Bitcoin a terra, segnando il suo primo passo verso il mining di criptovalute integrato nell'aviazione. L'azienda prevede di detenere Bitcoin nel proprio bilancio entro il primo trimestre del 2025.
Volato ha identificato la serie Cessna Citation CJ come la sua prima piattaforma target per il mining di criptovalute basato sull'aviazione, citando la sua ampia base installata di oltre 2.100 aerei attivi. La serie CJ è stata selezionata per il suo sistema elettrico efficiente, il potenziale per una certificazione FAA semplificata tramite Certificato di Tipo Supplementare (STC) e tassi di utilizzo elevati.
Sebbene le operazioni di mining aereo non siano ancora iniziate, l'azienda sta sviluppando una tecnologia di mining di Bitcoin per l'aviazione in attesa di brevetto. L'iniziativa di mining a terra funge da fase di apprendimento per gli obiettivi più ampi di integrazione delle criptovalute nell'aviazione dell'azienda.
Volato Group (NYSE American: SOAR) ha iniciado operaciones de minería de Bitcoin en tierra, marcando su primer paso hacia la minería de criptomonedas integrada en la aviación. La empresa espera tener Bitcoin en su balance para el primer trimestre de 2025.
Volato ha identificado la serie Cessna Citation CJ como su primera plataforma objetivo para la minería de criptomonedas basada en la aviación, citando su amplia base instalada de más de 2,100 aeronaves activas. La serie CJ fue seleccionada por su sistema eléctrico eficiente, su potencial para una certificación FAA simplificada a través del Certificado de Tipo Suplementario (STC) y altas tasas de utilización.
Aunque las operaciones de minería aérea aún no han comenzado, la empresa está desarrollando una tecnología de minería de Bitcoin para la aviación que está pendiente de patente. La iniciativa de minería en tierra sirve como una fase de aprendizaje para los objetivos más amplios de integración de criptomonedas en la aviación de la empresa.
볼라토 그룹 (NYSE American: SOAR)은 비트코인 지상 채굴 작업을 시작하여 항공 통합 암호화폐 채굴을 향한 첫 걸음을 내디뎠습니다. 회사는 2025년 1분기까지 자산에 비트코인을 보유할 것으로 예상하고 있습니다.
볼라토는 세스나 시타이션 CJ 시리즈를 항공 기반 암호화폐 채굴의 첫 번째 목표 플랫폼으로 선정했으며, 2,100대 이상의 활성 항공기라는 대규모 설치 기반을 언급했습니다. CJ 시리즈는 효율적인 전기 시스템, 보조 유형 인증(STC)을 통한 FAA 인증 간소화 가능성, 높은 활용률로 선택되었습니다.
비행 채굴 작업은 아직 시작되지 않았지만, 회사는 특허 출원 중인 항공 비트코인 채굴 기술을 개발하고 있습니다. 지상 채굴 이니셔티브는 회사의 광범위한 항공-암호화폐 통합 목표를 위한 학습 단계 역할을 합니다.
Volato Group (NYSE American: SOAR) a lancé des opérations de minage de Bitcoin au sol, marquant son premier pas vers le minage de cryptomonnaies intégré à l'aviation. L'entreprise prévoit de détenir des Bitcoins dans son bilan d'ici le premier trimestre 2025.
Volato a identifié la série Cessna Citation CJ comme sa première plateforme cible pour le minage de cryptomonnaies basé sur l'aviation, citant sa large base installée de plus de 2 100 aéronefs actifs. La série CJ a été choisie pour son système électrique efficace, son potentiel de certification FAA simplifiée grâce à un Certificat de Type Supplémentaire (STC) et ses taux d'utilisation élevés.
Bien que les opérations de minage aérien n'aient pas encore commencé, l'entreprise développe une technologie de minage de Bitcoin pour l'aviation en attente de brevet. L'initiative de minage au sol sert de phase d'apprentissage pour les objectifs plus larges d'intégration des cryptomonnaies dans l'aviation de l'entreprise.
Volato Group (NYSE American: SOAR) hat mit dem bodengestützten Bitcoin-Mining begonnen, was den ersten Schritt in Richtung eines in die Luftfahrt integrierten Krypto-Minings darstellt. Das Unternehmen erwartet, bis zum ersten Quartal 2025 Bitcoin in seiner Bilanz zu halten.
Volato hat die Cessna Citation CJ-Serie als seine erste Zielplattform für das luftfahrtbasierte Krypto-Mining identifiziert und verweist auf die große installierte Basis von über 2.100 aktiven Flugzeugen. Die CJ-Serie wurde aufgrund ihres effizienten elektrischen Systems, des Potenzials für eine vereinfachte FAA-Zertifizierung durch ein Supplementary Type Certificate (STC) und hoher Auslastungsraten ausgewählt.
Obwohl die Luftminenoperationen noch nicht begonnen haben, entwickelt das Unternehmen eine patentierte Technologie für das Bitcoin-Mining in der Luftfahrt. Die Initiative für das bodengestützte Mining dient als Lernphase für die umfassenderen Integrationsziele von Krypto-Währungen in die Luftfahrt des Unternehmens.
- Patent-pending aviation Bitcoin mining technology under development
- Target market of 2,100+ Citation CJ series aircraft for potential implementation
- Expected to hold Bitcoin on balance sheet by Q1 2025
- Aviation-based mining operations not yet operational
- Technology still in early development stages
- No immediate revenue from aviation mining integration
Insights
Volato's venture into Bitcoin mining, while currently ground-based, represents a fascinating convergence of aviation and cryptocurrency technology that warrants careful analysis. The selection of the Citation CJ series as the initial platform is particularly strategic for several reasons:
The technical infrastructure of the CJ series offers distinct advantages: The aircraft's electrical system provides stable power output essential for mining operations, while its standardized systems across models (CJ1 through CJ4) significantly streamline the certification process. This commonality could reduce development costs and accelerate market entry.
From a regulatory perspective, pursuing certification through a Supplemental Type Certificate (STC) is clever. STCs are typically less complex and costly than new type certificates, and once approved for one CJ variant, the certification could be relatively easily extended to other models in the series. This approach could significantly reduce time-to-market and regulatory compliance costs.
The market opportunity is substantial: With over 2,100 active CJ aircraft, Volato has identified a sizeable initial market. High utilization rates of these aircraft could provide consistent mining opportunities, potentially offering a unique value proposition in the mining sector where energy costs and availability are important factors.
However, several critical challenges remain unaddressed:
- Heat management and power consumption requirements in an aviation environment
- Impact on aircraft performance and fuel efficiency
- Maintenance implications and hardware reliability at altitude
- Regulatory compliance across different jurisdictions
- Real-world mining efficiency compared to traditional operations
The company's decision to begin with ground-based operations suggests a prudent approach to testing and refining their systems before airborne implementation. This methodical strategy could help identify and resolve technical challenges while building operational expertise.
This initial phase of mining is ground-based, allowing Volato to gain firsthand experience with mining operations as it continues development of its patent-pending aviation Bitcoin mining technology. While mining has not yet begun in the air, Volato remains focused on integrating cryptocurrency mining within aviation and has identified the Cessna Citation CJ series as the first aircraft platform where it plans to introduce an enthusiasts’ product.
The CJ series—spanning the CJ1, CJ2, CJ3, and CJ4—has over 2,100 aircraft in active service, making it one of the most widely used light jets in the world. Its fleet size, efficient electrical system, and suitability for streamlined FAA certification via a Supplemental Type Certificate (STC) make it an ideal starting point.
Why the Citation CJ Series?
- Large Installed Base – With over 2,100 jets in service, the CJ platform offers scale for adoption.
- Efficient STC Certification Path – The CJ series shares common systems and structure across models, making it easier to certify modifications under a Supplemental Type.
- Certificate (STC) that applies to multiple aircraft.
- Consistent Electrical Power Availability – The aircraft’s electrical system provides stable power capacity, making it an ideal testbed for integrating mining hardware without impacting flight operations.
- High Utilization Rates – Many CJ owners and operators fly frequently, presenting opportunities to maximize uptime for in-flight mining.
"While we are in the early stages and have not yet begun mining in the air, launching Bitcoin mining operations on the ground is an important step in refining our approach," said Matt Liotta, CEO of Volato. "We believe the Citation CJ is the right platform to start with as we explore how aviation and cryptocurrency mining intersect."
As Bitcoin miners face rising energy costs and regulatory pressures, interest is growing in alternative mining models. While Volato’s mining technology remains under development, early discussions with large-scale miners have confirmed genuine curiosity about aviation's role in the industry’s future.
Volato will provide further updates as development progresses.
About Volato
Volato is a private aviation company advancing the industry with innovative solutions in aviation software and on-demand flight access. Volato’s proprietary Mission Control software drives efficiency across operations and supports operators in managing fractional ownership, charter, and other services. Volato’s Vaunt platform connects travelers with available private flights, offering a flexible option for on-demand travel. With a commitment to advanced technology and customer-focused solutions, Volato is building scalable tools to elevate service quality and operational effectiveness in private aviation.
For more information about Volato, please visit www.flyvolato.com.
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Source: Volato Group, Inc.
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