CoinTerra™ announces Bitcoin mining contracts powered by TruePeta™ technology - from 200 GH/s to 1 PH/s!

AUSTIN, Texas, May 12, 2014 /PRNewswire/ -- CoinTerra, the market leader in Bitcoin mining solutions today announced the immediate availability of a full range of high-performance Bitcoin mining contracts, giving customers a truly scalable and cost-effective alternative to owning and operating mining hardware. With available plans ranging from 200 GH/s to over 1 PH/s, CoinTerra is the only Bitcoin hardware manufacturer able to offer Petahash mining contracts with immediate deployment.

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Having already delivered over 10 Petahash of Bitcoin mining hardware and currently powering more than 15% of the entire Bitcoin network, CoinTerra has now taken another step towards becoming the premier vertically-integrated cryptocurrency services company by adding Bitcoin mining contracts to its product range.

As the leading designer, manufacturer and supplier of powerful Bitcoin mining equipment, CoinTerra is able to offer mining contracts at prices significantly below the industry average, and to a broader cross-section of customers around the world.

"Many prospective Bitcoin miners don't have the space or power requirements to operate their own Bitcoin mining hardware, especially at scale. In addition, some foreign countries have import restrictions on advanced cryptocurrency hardware or punitively high duties, but our new mining contracts truly enable mining without borders," said Ravi Iyengar, CEO - CoinTerra, Inc.

CoinTerra's Bitcoin mining contracts offer a range of performance plans, with introductory pricing starting at just $999 for a 12 month, 200 GH/s mining contract and going all the way up to a 1 PH/s, 24 month contract. When ordering, customers can combine multiple contracts to create personalized hash power plans. After the mining contract is activated, customers receive weekly payouts to their Bitcoin wallet address, based on the hash power of the bitcoin mining contract(s) purchased.

The highly scalable TruePeta™ system is built on CoinTerra's proven GoldStrike™ I ASIC and TerraMiner™ platform, hosted at CoinTerra's state-of-the-art Tier-3 compliant datacenter.

"Unlike other cloud mining solutions, CoinTerra builds its own hardware, so we can rapidly deploy multi-Petahash solutions on-demand to the datacenter. The systems are monitored by a team of experienced engineers, assuring twenty-four seven uptime in a controlled and secure managed environment," said Dr. Timo Hanke, CTO – CoinTerra, Inc.

To order a CoinTerra Mining bitcoin mining contract visit: https://mining.cointerra.com

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
press@cointerra.com

General inquiries please contact:
+1 (512) 270-6050
info@cointerra.com

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.

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.

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 and TruePeta 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.