Immersive cooling technology company LiquidStack announced it has raised an undisclosed amount in Series B funding from Trane Technologies (TT), CoinDesk reported. This round of financing will be used to expand the manufacturing scale and set up a factory in the United States in the third quarter to expand product research and development and commercial operations. LiquidStack started developing in Hong Kong in the early days of Bitcoin mining. It was merged into the German mining company Birfury in 2015 and will operate independently again in 2021. It not only deploys immersion cooling for mining, but also conducts mining on a large scale.