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Immersion Cooling Market to grow by USD 988 Million (2024-2028), driven by rising data center investments, Report on how AI drives market transformation – Technavio

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NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global immersion cooling market  size is estimated to grow by USD 988 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  28.62%  during the forecast period. Increasing investments in data centers is driving market growth, with a trend towards emergence of advanced technologies. However, lack of demand and awareness  poses a challenge. Key market players include Aecorsis BV, Bitfury Group Ltd., Comfort Systems USA Inc., DCX The Liquid Cooling Co., Delta Electronics Inc., DUG Technology Ltd., Engineered Fluids Inc., Furukawa Electric Co. Ltd., Gigabyte Technology Co. Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd., LiquidCool Solutions, LiquidStack B.V., Midas Immersion Cooling, PEZY Computing KK, SixtyOneC, Submer Technologies SL, TEIMMERS, TMGcore Inc., and Wiwynn Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Single-phase immersion cooling and Two-phase immersion cooling), Application (High-performance computing, Edge computing, and Cryptocurrency mining), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Aecorsis BV, Bitfury Group Ltd., Comfort Systems USA Inc., DCX The Liquid Cooling Co., Delta Electronics Inc., DUG Technology Ltd., Engineered Fluids Inc., Furukawa Electric Co. Ltd., Gigabyte Technology Co. Ltd., Green Revolution Cooling Inc., Iceotope Technologies Ltd., LiquidCool Solutions, LiquidStack B.V., Midas Immersion Cooling, PEZY Computing KK, SixtyOneC, Submer Technologies SL, TEIMMERS, TMGcore Inc., and Wiwynn Corp.

Key Market Trends Fueling Growth

The Immersion Cooling Market is experiencing significant growth due to the trend towards energy-efficient solutions for data centers. This cooling method offers cost advantages by reducing operational expenditures through lower energy consumption. With the increase in complex algorithms, heat generation is a major concern for data centers, particularly in cryptocurrency mining and blockchain technologies. Immersion cooling maintains optimal temperatures, saving energy costs and increasing efficiency, leading to improved mining power and hardware longevity. Leakage and water usage are concerns, but immersion cooling offers improved performance and reliability. Data center operators seek energy savings and reduced maintenance costs, making immersion cooling an attractive infrastructure solution. The market includes tanks, pumps, and heat exchangers, with single-phase systems offering simplicity and energy-saving capabilities. The Artificial Intelligence segment, including high-performance computing, AI applications, and intense learning models, benefits from immersion cooling’s power density handling and thermal conductivity. The Synthetic fuels segment offers versatility and customization for various hardware configurations. Industry dynamics, including digital transformation, cloud services, and AI-driven applications, require low-energy solutions. Immersion cooling’s cooling fluids, such as synthetic fuels, offer stability and compatibility with various hardware components. Data center infrastructure, digital solutions, and electronics industries are adopting immersion cooling for its energy efficiency and IoT capabilities. The market’s scalability and compatibility with various industries, from hospitals and schools to heavy electronics devices, make it a valuable solution for the global workforce and e-commerce sector. Government policies and stringent laws are driving the demand for low-energy solutions, and immersion cooling is a viable alternative to traditional air conditioning systems. The market’s future lies in its ability to adapt to changing lifestyle trends and capital costs, making it a valuable investment for Managed Service Providers. 

The adoption of advanced technologies like machine learning, artificial intelligence, and blockchain is on the rise, requiring more powerful hardware such as tensor processing units (TPUs) and graphics processing units (GPUs). These hardware accelerators generate high thermal loads and can cause power usage in a rack during new workloads. Traditional air-cooling methods struggle to manage these high-density workloads effectively. As densities increase beyond 25-30 kW per rack, immersion cooling has become an increasingly popular solution for managing these workloads efficiently. This cooling method submerges the IT equipment in a non-conductive liquid, allowing for direct contact between the cooling liquid and the components, resulting in more efficient cooling and higher power density. Several service providers are offering immersion cooling solutions tailored to high-density workloads, making it an attractive option for businesses seeking to optimize their data center operations. 

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Market Challenges

The Immersion Cooling Market is experiencing significant growth due to the increasing demand for energy-efficient solutions in data centers. With the rise of energy-intensive applications such as cryptocurrency mining and blockchain technologies, the need for lower energy consumption and optimal temperatures becomes crucial. Data center operators are turning to immersion cooling to reduce energy costs and increase efficiency, leading to longer hardware lifetimes and improved mining power. However, challenges such as leakage, water usage, and heat dissipation must be addressed. The market caters to various sectors, including high-performance computing, artificial intelligence, and healthcare, offering versatility and customization through single-phase systems and cooling fluids. The simplicity and energy-saving capabilities of immersion cooling make it an attractive option for digital transformation, cloud services, and IoT functionality. The market’s scalability and ability to handle intense learning models and power densities make it a valuable investment for managed service providers and industries undergoing capital costs and hardware modification. The future of immersion cooling lies in its ability to adapt to changing industry dynamics, stringent laws, and the growing demand for low-energy solutions in home technologies.ImmerSION cooling systems have gained attention in the IT industry for enhancing infrastructure performance in data centers. Although it’s a developing technology, its impact on conventional IT facilities is minimal due to concerns about potential malfunctions from submerging electronic components in dielectric liquids. Skepticism persists among data center operators. However, immersion cooling has proven beneficial for high-performance computing, cryptocurrency mining, artificial intelligence, machine learning, and data mining applications. Despite these advantages, the adoption rate remains limited due to the perceived risks.

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Segment Overview 

This immersion cooling market report extensively covers market segmentation by

Type 1.1 Single-phase immersion cooling1.2 Two-phase immersion coolingApplication 2.1 High-performance computing2.2 Edge computing2.3 Cryptocurrency miningGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Single-phase immersion cooling-  The single-phase immersion cooling market witnessed significant growth in 2020, with this cooling method leading the market. In single-phase immersion cooling, IT components and systems are submerged in a hydrocarbon-based dielectric fluid, which absorbs the heat produced and is circulated around a chassis or tank to dissipate it. The coolant, a Newtonian fluid, remains in the liquid phase and is circulated using inexpensive, off-the-shelf hoses, pumps, and pipes. Cooling is achieved through standard dry coolers, radiators, or heat exchangers. Single-phase immersion cooling offers simplicity, easier operations, upfront affordability, and lower maintenance. The technology’s cost-effectiveness and energy efficiency are driving its demand, which is expected to continue rising. As consumers become more aware of the tradeoffs between two-phase and single-phase immersion, the demand for single-phase immersion cooling is projected to increase substantially during the forecast period. The single-phase immersion cooling segment’s substantial growth rate underscores its potential as a leading cooling solution in the data center industry.

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Research Analysis

The Immersion Cooling market is witnessing significant growth due to the increasing demand for energy-efficient solutions in various sectors. Immersion cooling offers cost advantages by reducing operational expenditures through lower energy consumption. This cooling technology is gaining popularity in data centers, especially those used for cryptocurrency mining and blockchain technologies, which generate large amounts of heat. The IoT capabilities of immersion cooling make it an ideal solution for cloud computing infrastructure in hyper-scale data centers. The global workforce’s increasing reliance on digital solutions for work and personal use is driving the demand for immersion cooling. The technology’s ability to cool IT components directly, including complex algorithms, is a significant advantage. The industry dynamics are influenced by the changing lifestyle, stringent laws, and the growing importance of capital costs. Hardware modification and Managed Service Providers are also contributing to the market’s growth. Single-phase immersion cooling systems are gaining traction in industries such as schools, electronics, and industry dynamics. The technology’s ability to reduce energy consumption and capital costs makes it an attractive option for various sectors, including e-commerce and IT components.

Market Research Overview

The Immersion Cooling Market is experiencing significant growth due to the increasing demand for energy-efficient solutions in various sectors. Immersion cooling offers cost advantages by reducing operational expenditures through lower energy consumption. This cooling technology is particularly beneficial for data centers, cryptocurrency mining, and blockchain technologies that generate vast amounts of heat. By maintaining optimal temperatures, energy costs are minimized, leading to increased efficiency and improved mining power. Immersion cooling also ensures hardware longevity and reliability, making it an attractive option for data center operators. However, concerns around leakage and water usage remain, necessitating the development of synthetic fuels and other heat dissipation solutions. The market is witnessing innovation in areas such as single-phase systems, artificial intelligence, and high-performance computing. Immersion cooling solutions are being adopted in various industries, including hospitals, schools, and digital solutions, as part of the digital transformation and cloud services. The market dynamics are influenced by factors such as changing lifestyle, stringent laws, and the shift towards low-energy solutions. The versatility and customization offered by immersion cooling make it a popular choice for managing service providers and hardware configurations. Key components of immersion cooling systems include tanks, pumps, heat exchangers, and cooling fluids. The market for cooling fluids is segmented into fluorinated fluids, mineral oil, and synthetic fuels. The market is expected to grow significantly in the coming years due to its energy-saving capabilities, scalability, and simplicity. Immigration cooling solutions are also being explored for use in edge computing and migrating policy institutes. The market is expected to continue its growth trajectory, driven by the increasing demand for energy efficiency and the need to manage the thermal throttling of high-performance IT components.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSingle-phase Immersion CoolingTwo-phase Immersion CoolingApplicationHigh-performance ComputingEdge ComputingCryptocurrency MiningGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Sidus Space Announces Closing of Offering

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33 minutes ago

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April 21, 2026

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CAPE CANAVERAL, Fla., April 21, 2026 /PRNewswire/ — Sidus Space, Inc. (Nasdaq: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 13,453,700 shares of its Class A common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at an offering price of $4.35 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $58.5 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 20, 2026, and declared effective on February 4, 2026. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations
Investor-Relations@sidusspace.com

Media
press@sidusspace.com

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Ezee Fiber Connects First Customers in Santa Fe, Accelerates New Mexico Expansion

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April 21, 2026

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HOUSTON, April 21, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet company delivering 100% fiber-to-the-home (FTTH) service, announced it has connected its first customers in Santa Fe, New Mexico. This milestone marks the company’s first major step in building its Santa Fe network and expanding multi-gigabit, symmetrical fiber service across the state.

Installations are now underway, giving residents access to Ezee Fiber’s high-performance network, which features symmetrical multi-gig speeds, no data caps, no hidden fees and transparent lifetime pricing. The company also emphasizes locally staffed customer support and a reliable, high-quality experience that sets it apart from legacy providers.

“We’re excited to bring our modern, 100% fiber network to homes the state capital,” said Carlos Rosas, Senior Vice President and General Manager, Southwest Region at Ezee Fiber. “Communities deserve more than basic connectivity. We are focused on delivering ultra-fast speeds, reliability and long-term infrastructure that supports how people live and work today.”

Ezee Fiber began expanding in New Mexico in 2024 and continues to scale rapidly. In addition to Santa Fe, the company is building fiber infrastructure in Albuquerque and surrounding communities, with service activating on a rolling basis as construction is completed.

Residents can expect construction activity to move efficiently through neighborhoods. Ezee Fiber will provide advance notice before work begins and will restore all areas in line with municipal requirements and industry best practices.

Residents can check availability and learn more at ezeefiber.com.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value.

The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

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CFA Institute calls for functional, proportionate AI oversight to safeguard UK retail investors and market integrity

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April 21, 2026

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LONDON, April 21, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has published its response to the Financial Conduct Authority’s (FCA) Review into the long-term impact of artificial intelligence on retail financial services (the “Mills Review”). CFA Institute welcomes the FCA’s technology-neutral approach, while urging greater operational clarity to ensure responsible AI deployment.

In its submission, CFA Institute supports anchoring AI oversight within the UK’s existing principles-based framework, including the Consumer Duty and the Senior Managers and Certification Regime (SM&CR), rather than introducing a standalone AI rulebook. However, it emphasizes that supervisory expectations must be clearer and more practical as AI systems move from assistive tools to advisory functions and, ultimately, autonomous agents.

CFA Institute argues that regulation should follow what AI systems do for consumers, not how they are labelled or constructed. AI-enabled retail interfaces may generate “advice-like” outcomes, such as personalized product steering or portfolio construction guidance, without formally crossing regulatory thresholds. A substance-over-form approach is therefore essential to prevent regulatory arbitrage and ensure consistent consumer protection.

While the Consumer Duty provides a robust foundation, CFA Institute calls for AI-specific articulation of how its four outcomes apply where decision-making is increasingly delegated to automated systems. In particular, the response highlights a risk of automation bias, which may reduce effective consumer outcomes, especially among vulnerable customers.

Firms should be expected to test, monitor and evidence outcomes based on how consumers actually use AI systems in practice, not solely on how they are intended to function.

The submission also identifies a potential governance gap where firms report formal accountability for AI systems yet lack deep operational understanding of complex or third-party models. CFA Institute recommends clearer expectations around what “reasonable steps” and “meaningful oversight” mean under SM&CR and SYSC when AI is deployed in material retail use cases.

It further calls for:

A proportionate, tiered governance framework aligned to the assistive–advisory–autonomous spectrumClear allocation of end-to-end accountability for consumer outcomesReinforced oversight of third-party AI dependencies and operational resilience risks.

Although retail-focused, the response underscores broader market structure implications, including model concentration, correlated behavior, and third-party dependencies that could amplify volatility in stressed conditions. CFA Institute encourages close coordination between the FCA and the Bank of England, as well as continued alignment with IOSCO and the Financial Stability Board, to reduce fragmentation and support the UK’s global competitiveness.

Finally, CFA Institute stresses that responsible AI adoption depends on developing “hybrid” talent, professionals who combine technological fluency with fiduciary judgement and market expertise. Strengthening professional standards and supervisory capability should form part of the UK’s long-term AI competitiveness strategy.

Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy at CFA Institute, said: “Artificial intelligence has the potential to expand access, improve efficiency and strengthen retail financial services, but only if trust and accountability remain firmly at the center.

“The UK’s principles-based framework is advantageous. The priority now is operational clarity: clear guidance on how the Consumer Duty and SM&CR apply when decision-making is increasingly delegated to AI systems.

“Regulation should follow function, not technological form. Where AI systems effectively shape or execute consumer decisions, protections must apply in substance, not just in label.

“We encourage the FCA to provide practical supervisory guidance by the end of 2026 and to continue close dialogue with industry and international standard-setters. With proportionate safeguards, meaningful oversight and investment in hybrid professional skills, the UK can play a leading role in responsible AI-enabled finance while preserving market integrity and public trust.”

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standards for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across more than 160 markets, CFA Institute has 9 offices and 157 local societies. Find us at https://www.cfainstitute.org/ or follow us on LinkedIn, and subscribe on YouTube.

 

 

 

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