BitFury's Allied Control Receives Green Innovation Award
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....
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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 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....
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....
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....
BitFury has completed manufacturing their new 28nm Bitcoin ASIC miner chip. This a big step from their current 55nm chip. BitFury had a great 2014 bringing in $40 million in venture capital funding. Valery Vavilov, the CEO of BitFury, has also made moves to other parts of the Bitcoin industry partnering with BitGo and looking beyond just processing Bitcoin transactions. Also Read: Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling. The details of the chip have been discussed since last fall. The current spiking of the global hash rate speculation is that it was....