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CoinTerra™ ships its 1,000th TerraMiner™ Bitcoin miner. Now powering over 6% of the Bitcoin network.

AUSTIN, Texas, Feb. 27, 2014 /PRNewswire/ -- CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has passed a major milestone, having shipped its 1,000th TerraMiner less than one month after delivering the first TerraMiner to a customer.

CoinTerra's TerraMiner IV, The World's Fastest Bitcoin Miner.

In less than four weeks, TerraMiners already account for over 1.7 Petahash of Bitcoin mining performance, which is more than 6% of the entire Bitcoin network.

With a second manufacturing facility now operating at full capacity, CoinTerra is rapidly working through its February batch of orders, and is now on track to deliver further batches of TerraMiner IV orders to customers on schedule.

"We handed over the very first TerraMiner to a customer at the end of January and now I am very pleased to say that we have shipped over 1,000 TerraMiners and are at full production volume." said Ravi Iyengar, CEO - CoinTerra, Inc.

Engineered in Austin, and assembled in Central Texas, the TerraMiner is a shining example of the leading-edge innovation and rapid development which are the cornerstone of Austin's "Silicon Hills" technology community. Further cementing its position as a leading Austin-based startup, CoinTerra is proud to be the headline sponsor of the forthcoming Texas Bitcoin Conference, taking place on March 5th and 6th at the Circuit of the Americas.

"The world-wide Bitcoin community will be heading to Austin next week for the inaugural Texas Bitcoin Conference and we could not wish for a more appropriate headline sponsor than Austin's very own CoinTerra." said Paul Snow, President of the Texas Bitcoin Association.

CoinTerra is now taking orders for the latest batch of TerraMiner IV miners, and the recently-announced GSX I™ PCIe card for system builders and hobbyists, both scheduled for June 2014 delivery.

To order a TerraMiner IV or GSX I visit: https://cointerra.com/shop

Visit CoinTerra on the web: https://cointerra.com
Like CoinTerra on Facebook: https://facebook.com/cointerra
Follow CoinTerra on Twitter: https://twitter.com/cointerra

Press inquiries please contact:
Daniel Larsson, Press Officer
+1 (512) 270-6050
[email protected]

General inquiries please contact:
+1 (512) 270-6050
[email protected]

About CoinTerra

Founded in Austin, Texas in mid-2013, CoinTerra is currently one of the fastest-growing technology startups in the world. CoinTerra designs and produces best-in-class ASIC processors and systems for high-performance financial technology applications, with an initial focus on cryptocurrency and the Bitcoin ecosystem. Our state-of-the-art design methodologies and advanced architectures enable the delivery of Bitcoin mining solutions with the highest performance ASICs available on the market today. CoinTerra boasts a highly experienced engineering team of semiconductor architects and designers who have previously designed some of the world's highest performance CPUs, GPUs, SOCs and chipsets for Apple®, Intel®, Nvidia®, Qualcomm® and Samsung®.

© 2014 CoinTerra, Inc. All rights reserved. CoinTerra, the CoinTerra logo, TerraMiner, GoldStrike and GSX I are trademarks of CoinTerra, Inc. in the U.S. and other countries. Other trademarks belong to their respective owners. Features, pricing, availability and specifications are subject to change without notice.

CoinTerra is currently one of the fastest-growing technology startups in the world. CoinTerra designs and produces best-in-class ASIC processors and systems for high-performance financial technology applications, with an initial focus on cryptocurrency and the Bitcoin ecosystem. Our state-of-the-art design methodologies and advanced architectures enable the delivery of Bitcoin mining solutions with the highest performance ASICs available on the market today. CoinTerra. Inc. http://cointerra.com.

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Logo - http://photos.prnewswire.com/prnh/20140128/MM54190-c

SOURCE CoinTerra

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