CoinTerra Ships 5,000th TerraMiner, Announces Limited-Time Sale

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Some news coming in from crypto-mining hardware producer CoinTerra today. The Austin, Texas-based company announced Tuesday that they’ve shipped their 5,000th TerraMiner unit — ten weeks following 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,” the company wrote in their announcement.

Here’s an impressive statistic. The company’s mining hardware now accounts for about 8 petahash of hashing power. To put that into perspective, that’s about 15 percent of the bitcoin network at this time.

To celebrate the milestone, the company announced the current specification of their TerraMiner IV will be discounted, selling for $4,799 — marked down by $1,200 (20 percent).

“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 company CEO Ravi Iyengar.

If you’re interested in taking part, the coupon code is TMIV5K.

To add to the sale announcement, CoinTerra CTO Dr. Timo Hanke said he’ll be selecting a customer from the sale to receive an additional TerraMiner free of charge.