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Does anyone use immersion cooling for dedicated servers as a provider or as a customer? What are the pros and cons?

I'm curious to know if anyone has had any experience with immersion cooling as a hosting client or as a provider, using it in practice or ever experimenting with it?
 
Got a chance to play around with immersion cooling in one of our side setups, surprisingly efficient, especially with high-density workloads.
The maintenance side is a bit different, but once you get used to it, it’s kind of satisfying.
Not mainstream yet, but feels like it’s getting there quietly.
 
Immersion cooling keeps hardware at optimal temperatures, even under heavy workloads. By saving power and reducing cooling infrastructure, it supports greener data center practices. Stable, low operating temperatures reduce wear and tear on components.
 
Immersion cooling is one of those technologies that's easy to be impressed by on paper, but I don't see many hosting providers talking about real-world deployments outside of AI, HPC, and some crypto environments.

I'm curious where people think the tipping point is. Is it driven by power density (say, 50-100kW+ racks), electricity costs, sustainability goals, or simply customer demand? And for anyone who's actually deployed it, has the reduction in cooling costs offset the added complexity of maintenance and hardware servicing?

It would be interesting to hear from providers who have run it in production for a year or more rather than just lab testing.
 
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