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Immersion Cooling Firm LiquidStack Secures Series B Funding to Build Manufacturing in U.S.

The Marlborough, Massachusetts startup started out in the early days of bitcoin mining in Hong Kong, before being merged into German miner Bitfury in 2015, and then going off on its own again in 2021. “We were the first company in the world to not only deploy immersion cooling for mining, but to also do it at massive scale,” Capes said, referring to two Bitfury sites in Central Asia.

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