I guess capex would be extremely high. The 2 phase coolant alone is really expensive (eg 3M novec), let alone the complexity of designing the remaining system.

Maybe you could use cheap single phase coolant and a heat exchange to a 2nd circuit with ammonia etc. But still very expensive to build I guess

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Makes sense. I did some quick Claude-assisted digging and the cost of coolant alone for a 1.2MW mining setup (~1 shipping container of miners) would approach $100k.

I’m sure it’ll make economic sense someday, but not yet.