Engineering the Future of Liquid Cooling for AI

Driving AI performance through next-generation liquid cooling technologies.

We don’t just follow the evolution of liquid cooling – we’ve helped define it.

LiquidStack’s heritage is rooted in pioneering work in two-phase immersion cooling, where we helped push the boundaries of thermal performance and energy efficiency. These early innovations enabled some of the most advanced high-performance computing environments – demonstrating what was possible when conventional cooling approaches reached their limits.

Today, that legacy continues to shape our approach. While the industry evolves toward direct-to-chip cooling and new deployment models, our deep understanding of heat transfer, fluid dynamics, and system design remains at the core of everything we do.

Kar-Wing Lau co-founds Allied Control Limited (ACL) in Hong Kong.
ACL deploys its first data center featuring 2-phase immersion cooling.

ACL wins multiple awards for “Most Energy-Efficient Data Center.”

Bitfury Group acquires ACL.
Bitfury deploys a 40MW 2-phase immersion-cooled data center in Republic of Georgia, the first of its kind.

Bitfury continues to fund incubation of ACL.
Bitfury supports the deployment of 30MW 2-phase immersion-cooled data center in Azerbaijan.

A 120MW 2-phase immersion-cooled data center, the largest liquid-cooled data center ever built, is deployed in Azerbaijan.

Joe Capes joins Bitfury as Head of Liquid Cooling.
Capes pivots ACL toward hyperscale, edge and high performance computing applications.

ACL wins major contracts with hyperscale, semiconductor, IT hardware, manufacturing and HPC customers.

ACL spins off of Bitfury Group, rebrands as LiquidStack and establishes commercial headquarters in the United States.
Joe Capes becomes CEO of LiquidStack.
Microsoft tests LiquidStack’s two-phase immersion systems with results supporting power densities of up to 250 kW per rack, enabling the future of high-density data centers.
Wiwynn, an innovative cloud IT infrastructure provider of server and storage system design, manufacturing and rack integration for data centers, invests in LiquidStack, validating the future of immersion cooling.

LiquidStack launches global services.
NTT Data tests LiquidStack’s two phase immersion systems at its Tokyo data center, resulting in 97% less cooling energy than traditional cooling systems.

Trane Technologies invests in LiquidStack, allowing the company to announce their CDU and single phase offerings.

LiquidStack becomes the first full-service liquid cooling company.
LiquidStack opens its manufacturing site, R&D center and headquarters in Carrollton, Texas.

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