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Midas Immersion Cooling( Midas) began as a data center in 2011, carving out a niche in hard-tocool processing loads before quickly transitioning into immersion cooling – the process of removing heat from data servers and other components by submerging them in a non-conductive heat transfer liquid. In fact, Midas became the world’ s first commercial immersion data center and, by 2012, had built its own solution. Rising power costs led the company to shut the data center in 2016, allowing Midas to focus on offering its immersion cooling solutions globally.
Today, Midas is a leader in the engineering, design and integration of single-phase immersion cooling equipment solutions. Its patented Midas XCI Immersion Cooling tanks increase miner and server computational density, decrease power consumption, and significantly reduce cooling and infrastructure costs compared to traditional air-cooled environments.
Scott Sickmiller, CEO, describes the technology as‘ disruptive’ and explains how Midas introduced the solution before its time:“ 2016 to 2019 were very lean years,” Scott tells Manufacturing Today.“ The world started to embrace immersion around 2020, and we had deployed about half a gigawatt of immersion heat rejection technology by 2024, which is about 4000 tanks. During this time, we cooled several different configurations of computes, from high performance computes to ASICs, which is the Bitcoin mining machines. In 2024, we saw GPUs becoming more prevalent, and, with the value proposition being so strong for high performance compute, we backed away completely from cooling ASICs and focused solely on the enterprise market. Today, we’ re sitting with a pipeline of over a GW and the future is looking bright.”
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