LiquidStack builds liquid cooling for high-density data centers, covering direct-to-chip coolant distribution units and two-phase and single-phase immersion systems. It grew out of Bitfury's cooling subsidiary Allied Control and was spun out as LiquidStack in 2021. It now manufactures in Carrollton, Texas, which is also its headquarters. Trane Technologies, a minority investor since 2023, agreed to acquire it in 2026. Its customers include AI factories, hyperscale and cloud providers, colocation and enterprise data centers.
| Field | Value | Source |
|---|---|---|
| Headquarters | Carrollton, Texas, USA | PUBLIC SOURCE investors.tranetechnologies.com |
| Founded | 2021 spin-out from Bitfury (origins as Allied Control, 2012) | PUBLIC SOURCE techcrunch.com |
| Ownership | Being acquired by Trane Technologies (NYSE: TT), announced 2026 | PUBLIC SOURCE investors.tranetechnologies.com |
| Employees | No data | NO DATA |
| Revenue (published) | No data | NO DATA |
| Operations and regions | Global; manufacturing and R&D in Carrollton, Texas | COMPANY WEBSITE liquidstack.com |
| Customers and markets | AI factories, hyperscale and cloud, colocation, enterprise and edge data centers | COMPANY WEBSITE liquidstack.com |
| Facilities and capacity | No data | NO DATA |
| Technologies | Direct-to-chip CDUs; two-phase and single-phase immersion cooling | PUBLIC SOURCE investors.tranetechnologies.com |
| Certifications and standards | No data | NO DATA |
| Partners and named customers | Investors have included Wiwynn (2021) and Trane Technologies (2023) | COMPANY WEBSITE liquidstack.com |
Accessed Oct 12, 2026.
