Hulk Hogan, wrestling icon, dies at 71 in Florida home
CHATSWORTH, Calif. - Cavitation Technologies, Inc. (OTCQB:CVAT), a nano-technology company that has delivered an impressive 182% return over the past year according to InvestingPro, announced Tuesday it is expanding its Cavitation Non-Thermal Plasma system into the immersion cooling Bitcoin mining market.
The company’s technology aims to address challenges in the cooling systems used for cryptocurrency mining operations, including dielectric fluid degradation, contaminant buildup, and waste fluid disposal issues. With an industry-leading gross profit margin of 82% and a healthy current ratio of 3.77, the company appears well-positioned to execute on this expansion.
The system is designed to regenerate fluids in real time without chemicals, potentially extending the lifespan of cooling fluids while reducing maintenance requirements and environmental impact. According to the company, the technology can be integrated directly into existing immersion cooling loops.
"When people think about Bitcoin, AI, or data centers, they picture screens and servers. But the truth is, none of it runs without stable, clean liquid systems," said Neil Voloshin, CEO of Cavitation Technologies, in the press release.
The company’s system currently operates at 25 gallons per minute (GPM) and is scalable to higher flow rates. The technology is designed to eliminate bacteria and viruses, reduce total dissolved solids levels, and lower turbidity.
Cavitation Technologies stated it is engaging with partners involved in crypto-mining and data center construction to begin pilot deployments of the system.
The cryptocurrency mining hardware market that utilizes immersion cooling technologies is projected to reach $51.8 billion, according to information provided in the company’s announcement.
Cavitation Technologies, founded in 2007, develops flow-through nano-technology systems for various fluid processing applications including water treatment, agriculture, pharmaceuticals, and oil refining.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.