AI Magazine September 2025 | Page 27

JOE CAPES
LiquidStack’ s direct-to-chip CDUs for liquid cooling right place at the right time with the right offering,” being the world’ s only full-service liquid cooling provider.
From Bitcoin mines to AI goldmines Liquid Stack’ s journey began in the volatile world of cryptocurrency mining: a background that now provides unexpected advantages in the AI infrastructure game.
“ We started out as a Bitcoin mining company and deployed a 40-megawatt data centre in Eastern Europe in 2015, then a 120-megawatt site in Azerbaijan in 2018,” the CEO recalls.

JOE CAPES

TITLE: CEO COMPANY: LIQUIDSTACK INDUSTRY: DATA CENTRE
Joe Capes is CEO of LiquidStack, the world’ s only full-service liquid cooling provider. He previously led the company’ s pivot from Bitcoin mining to AI infrastructure, pioneering two-phase immersion cooling technology.