Bitcoin Payments Now Accepted by Server Farm Realty

LOS ANGELES, CA--(Marketwired - May 29, 2014) - Server Farm Realty LLC (SFR), one of the nation's most innovative, privately-owned data center developers, announces it is now one of the first data center operators to accept and receive bitcoin digital payments for all services across its data center and colocation portfolio.

Bitcoin is a decentralized digital currency that is quickly emerging as an alternative payment option for companies that operate and deliver solutions across the Internet. The digital currency is managed through bitcoin exchanges and secure transaction engines such as BitPay and Coinbase that process and verify the payments.

"As we continue to enhance our service solutions and expand our reach to companies that leverage the Internet for data communications, big bandwidth solutions and cloud services, Server Farm continues to find ways to make it easy for companies to work with us," says Avner Papouchado, CEO of Server Farm Realty. "As one of the first data center owners and operators to accept bitcoin as payment, our innovative approach to business, coupled with the leading-edge design, security and capabilities of our facilities, continue to differentiate Server Farm in the market." 

Companies that pay with bitcoins must have an address, which is considered a 'safety deposit box' for the digital currency. To access their bitcoins, the company has a unique digital 'private key'. Companies access their bitcoins by using their private key to sign a message indicating the input, amount and output address, and the designated recipient -- who must also be able to accept bitcoins. The bitcoin wallet distributes the payment via a third-party provider who measures and verifies the payment, decoding the message to complete the transaction.

Server Farm Realty's data centers span the United States and Canada, with major facilities in key markets including Santa Clara, CA; Chicago, IL; Moses Lake, E. Washington; Toronto, ON; Charlotte NC; and beyond.

For more information about Server Farm Realty, its build-to-suit data center facilities and data center solutions, visit www.serverfarmrealty.com.

About Server Farm Realty LLC
Server Farm Realty LLC is one of the nation's most innovative data center developers. Owned by the Red Sea Group, an international real estate development company, Server Farm Realty, LLC is changing the way wholesale data centers are built and leased. The firm builds highly reliable and efficient custom data centers that offer concurrent maintainability. For more information, visit www.serverfarmrealty.com.