CenturyLink announced Wednesday that it has signed a multimegawatt data center deal to host CoinTerra Inc.’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 CEO Ravi 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 co-location 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,” 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.”