LiquidStack

LiquidStack is a global leader in advanced liquid cooling solutions for data centers, specializing in both immersion cooling and direct-to-chip cooling technologies. Founded in 2012, the company originally began as a Bitcoin mining firm called Allied Control Limited in Hong Kong before pivoting to focus on enterprise liquid cooling solutions. The company is now headquartered in Carrollton, Texas, with its U.S. operations based in North Texas, and has emerged as the world's most respected leader in liquid immersion cooling for information technology hardware, telecommunications, and blockchain systems.

The company provides next-generation cooling solutions to many of the world's largest cloud services, semiconductor manufacturers, and IT hardware providers. LiquidStack's technology enables data centers to cool servers without traditional air conditioning, IT fans, bulky heat sinks, chillers, or air distribution systems. Their advanced liquid cooling technology uses less energy, space, and materials while enabling higher computing densities required for AI workloads, high-performance computing, and hyperscale data center operations. In 2026, Trane Technologies completed the acquisition of LiquidStack, integrating the company's high-performance liquid cooling solutions with Trane's end-to-end thermal expertise to accelerate liquid cooling technology for AI-driven data center demands.