Applied Digital announced it is the lead investor in a $25 million funding round for Swiss‑based Corintis, bringing the total capital raised by the microfluidic liquid‑cooling company to $58 million. The investment will enable Corintis to scale its manufacturing in the United States and accelerate roll‑outs to high‑density AI workloads.
Corintis’ microfluidic platform can lower chip temperatures by up to three times compared with conventional cold plates, a claim validated by Microsoft. The technology allows data‑center operators to run GPUs at higher power densities while reducing fresh‑water consumption, directly addressing the energy‑intensity challenge of next‑generation AI workloads.
The deal fits squarely into Applied Digital’s strategy to deliver end‑to‑end cooling solutions for hyperscalers. By adding Corintis’ liquid‑cooling expertise to its existing water‑less system, the company can offer a more comprehensive, energy‑efficient cooling stack for its Polaris Forge 1 and 2 campuses in North Dakota, which are designed for AI‑centric workloads.
Market reaction to the announcement has been positive, driven by the strategic nature of the investment, the continued expansion of the Polaris Forge campuses, and the company’s recent successful capital raises, including a $2.35 billion senior secured notes offering and a $787.5 million equity infusion from Macquarie Asset Management. Analysts have highlighted the move as a key step in solidifying Applied Digital’s position in the rapidly growing AI data‑center market.
Wes Cummins, Chairman and CEO of Applied Digital, said the partnership “accelerates our leadership in AI‑optimized infrastructure and positions us to deliver end‑to‑end cooling solutions that enhance performance and sustainability for hyperscalers.” Remco van Erp, Co‑founder and CEO of Corintis, added that the collaboration “will accelerate the adoption of our microfluidic cooling technology at scale, bridging the gap between silicon and infrastructure.”
The investment is expected to speed up Corintis’ customer roll‑outs and support the deployment of its cooling platform in Applied Digital’s AI data‑center campuses, potentially reducing operating costs for hyperscalers and strengthening the company’s competitive moat in the AI infrastructure space.
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