26 May 2015
Your browser is unable to support Flash files.

CoinTerra chooses CenturyLink data centres for bitcoin mining ops

30 July 2014  |  1747 views  |  0 Source: CenturyLink

CenturyLink, Inc. (CTL) today announced that it has signed a multi-megawatt data center deal withCoinTerra, Inc . to host CoinTerra's rapidly growing Bitcoin-mining operations in CenturyLink data centers.

CoinTerra designs, produces and operates best-in-class hardware and software that power the Bitcoin blockchain ecosystem. Bitcoin is a "crypto-currency" that operates on a user-powered, peer-to-peer payment network. The company estimates that more than 15 percent of the total Bitcoin network runs using CoinTerra hardware.

"As the Bitcoin ecosystem continues to flourish, CoinTerra's continuously expanding mining operations require reliable power and extremely high levels of availability to ensure peak performance," said CoinTerra CEORavi Iyengar. "CenturyLink's expertise, operational efficiency and immense data center presence provide us with the ability to safely and securely operate truly powerful and reliable Bitcoin mining on an enterprise scale."

With CenturyLink, CoinTerra's growing Bitcoin mining operations are currently housed across multiple data centers, with additional locations scheduled to be brought online in the coming months.

"CoinTerra started its search for a colocation provider by looking for commodity power, but quickly learned how CenturyLink's capabilities -- from our data center operations to cooling systems that keep infrastructure operating efficiently -- would provide an even greater return on investment to keep the company on a path for rapid growth and future success," saidDavid Meredith, senior vice president and general manager, CenturyLink Technology Solutions. "We make life easier for CoinTerra, allowing them to focus on what they do best -- developing and operating Bitcoin-mining processors and systems -- while we ensure the security and reliability of their expanding infrastructure." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
7455 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
7058 views comments | 21 tweets | 16 linkedin
MasterCard launches personal payments serv...
6399 views comments | 15 tweets | 31 linkedin
Bigger banks may have to set up their own...
5807 views comments | 39 tweets | 31 linkedin
Swift bids to drive ISO20022 harmonisation
4686 views comments | 8 tweets | 15 linkedin

Featured job

up to £100K base, commission, benefits
London, UK

Find your next job