Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling
Valery Vavilov, BitFury CEO, recently told me in a one on one interview at TNABC (The North American Bitcoin Conference) in Miami that he believes in the technology of the blockchain. He sees the infrastructure that has been built up around it as amazing with endless opportunities. He told CCN that BitFury is making some moves to be able to make transaction processing (mining) more efficient and widespread beyond just making faster chips. In a move that goes along with that goal, BitFury is acquiring Allied Control; a top immersion cooling company based in Hong Kong. This move will allow....
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BitFury Group has signed an agreement to acquire Allied Control, a Hong Kong-based tech startup that provides cooling systems for supercomputing and data center applications. The move will make Allied Control a subsidiary and in-house special department of the bitcoin mining and transaction processing company. The deal has not yet been closed and is subject to customary conditions. Allied specializes in two-phase immersion thermal management platforms - a technology that could perhaps match the power and energy challenges posed by large-scale bitcoin mining operations. BitFury told....
Allied Control is a Hong Kong-based technology company that specializes in building immersion cooling systems for supercomputing and data center applications. Allied Control has won the prestigious Green Innovations Award; the head of Hong Kong government even recognized the company for innovation in finding environmentally friendly industry solutions. BitFury, a leading Bitcoin infrastructure provider and Blockchain transaction processing company, recently acquired Allied Control with the intention of using the company’s immersion cooling technologies to help it reduce its energy....
Bitfury's Allied Control, a company that uses two-phase immersion thermal management for high-performance computing and data centers, received the Green Innovations Award for its potential in saving electricity and "billions of gallons of water" in the future. Allied Control was recognized by the head of the Hong Kong government for its energy-efficient two-phase immersion cooling system, which submerges electronic components in dielectric heat transfer liquids (better heat conductors than air, water or oil). The liquids vaporized from the chips are condensed and reused. According to a....
In an attempt to further decrease energy costs and its impact on the environment, BitFury announced that it was launching the world's largest two-phase immersion cooling (2PIC) project at its new data center in the Republic of Georgia. By using the technology from Allied Control, bought in January, and the Novec 7100 Engineered Fluid from industrial giant 3M, the company is hoping to optimize its operations and make them more green. The firm intends on using 3M's fluid to cool more than 40 megawatts of processing power. "The maintenance cost of traditional low-cost air cooling systems is....
Bitcoin's biggest miner, BitFury, says it is launching the world's largest two-phase immersion cooling project. As part of its new $100m data centre in the Republic of Georgia, the firm will cool more than 40MW of processing power in 3M's engineered 'Novec' fluid. Masterminded by Allied Control, the immersion cooling startup BitFury acquired in January, the project will help the miner reduce energy costs as it continues its rapid expansion. BitFury CEO Valery Vavilov said in a statement: "We've taken many steps to optimize our infrastructure for securing the blockchain and blockchain....