CoinTerra™ ships its 5,000th TerraMiner™ Bitcoin miner and celebrates with limited-time sale pricing

AUSTIN, Texas, April 15, 2014 /PRNewswire-USNewswire/ -- CoinTerra, the market leader in ASIC Bitcoin mining solutions today announced that it has shipped its 5,000^th TerraMiner just ten weeks after commencing production.

Having delivered its March batch of pre-ordered TerraMiners, CoinTerra was able to ship the April batch of orders to retail customers ahead of schedule, and has now begun selling from stock.

As a result of shipping more than 5,000 TerraMiners, CoinTerra's hardware now accounts for 8 petahash of hash power - over 15% of the entire Bitcoin network today. To celebrate the event CoinTerra has announced that the current specification of TerraMiner IV will be available on sale at an incredible price of just $4,799 after a $1,200 instant discount of 20% with the coupon TMIV5K, redeemable at the CoinTerra website with shipping from stock*.

"Deploying eight petahash to the Bitcoin network in just ten weeks is an unprecedented achievement. As well as thanking the CoinTerra team, now that we are shipping from stock I wanted to give a big thank you to the entire Bitcoin community by offering the TerraMiner IV on sale for a limited time at a very special price." said Ravi Iyengar, CEO - CoinTerra, Inc.

With an unbeatable price-per-gigahash for the highest performance standalone Bitcoin miner, the TerraMiner is the best value-for-money Bitcoin mining proposition on sale today. It is designed by a team of silicon engineers with an unequalled pedigree in Bitcoin mining ASIC design.

"In celebration of the accomplishments we have made in such a short time, I will be selecting a lucky customer from the sale to receive a free additional TerraMiner, autographed by the CoinTerra team." said Dr. Timo Hanke, CTO – CoinTerra, Inc.

To order a TerraMiner IV from stock for immediate shipping visit: https://cointerra.com/shop

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

General inquiries please contact:
+1 (512) 270-6050
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*Price excludes shipping cost. Orders placed are expected to ship within 1-2 business days of receipt of payment.

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 GoldStrike 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.

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SOURCE CoinTerra