Large-scale Bitcoin mining operations to be hosted across multiple CenturyLink locations as CoinTerra selects CenturyLink Technology Solutions data centre
CenturyLink has announced that it has signed a multi-megawatt data centre deal to host CoinTerra’s rapidly growing Bitcoin-mining operations in CenturyLink data centres.
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 CEO Ravi Iyengar. “CenturyLink’s expertise, operational efficiency and immense data centre 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 centres, 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 centre 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,” said David 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.”
CenturyLink is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLink® Prism™ TV and DIRECTV brands.
Founded in Austin, Texas in mid-2013, CoinTerra is currently one of the fastest-growing technology startups in the world. CoinTerra designs, produces, and operates systems that power the Bitcoin blockchain network.