BitFury to Acquire Allied Control, a top immersion cooling company

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BitFury to Acquire Allied Control, a top immersion cooling company

Valery Vavilov, the CEO of BitFury has announced that his company is acquiring Allied Control, a top immersion cooling company. At the occasion he said, “We are very excited about Allied Control and its founders joining our team. This acquisition will enable us to substantially increase energy efficiency of our data centers and speed up deployment of our new ASIC chip.”

He further added that this will allow to lower overall capital expenditure and provide an opportunity for BitFury to enter new markets such as HPC, using the experience of the Allied Control team. According to him the use of immersion cooling will provide BitFury with flexibility when choosing locations for its data centers.

Talking about Blockchain technology the BitFury CEO says that he sees the infrastructure that has been built up around it as amazing with endless opportunities. He admits that BitFury is making some moves to be able to make transaction processing (mining) more efficient and widespread beyond just making faster chips.

The acquisition of Allied Control according to him will enable his company to substantially increase energy efficiency of its data centers and speed up deployment of the new ASIC chip allowing to lower overall capital expenditure. Also, it provides an opportunity for the company to enter new markets such as HPC, using the experience of the Allied Control team.

The Excellent Technology Will Help BitFury Get Efficiency

Valery Vavilov says that the use of immersion cooling will provide BitFury with flexibility when choosing locations for our data centers. Currently, Allied Control uses 2 phase immersion cooling which according to experts is a viable technology for meeting the power density and energy efficiency needs of the high-performance computing market.

Here power densities up to 100 times higher than a typical air cooled server have been cooled this way with efficiency superior to direct water cooling. Nonetheless, in a two-phase immersion cooled system, electronic components are submerged in a bath of dielectric heat transfer liquids, which are much better heat conductors than air, water or oil.

Thus, with excellent cooling solution BitFury will be able to take current and next gen transaction processing ASICs and drive them to more efficient speeds. According to Valery the next generation chip was close but would not say how close or divulge theoretical specs yet but will let me know as soon as he is ready.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com