TMGcore

About TMGcore

TMGcore, founded in 2018, operates at the forefront of the high-performance computing (HPC) market, specializing in advanced data center hardware and liquid immersion cooling solutions. The company's business model centers on manufacturing and developing proprietary hardware and software designed for large-scale, high-density computing operations. Initially, TMGcore leveraged its technology for an enterprise-scale cryptocurrency mining operation in Plano, Texas, housed in a 150,000-square-foot facility. This venture was supported by a $60 million investment and a strategic partnership with an affiliate of Pinchal & Co., LLC. The company’s strategy involved mining cryptocurrencies and immediately converting them to fiat currency, using an automated system to dynamically mine the most profitable token at any given time.

The core of TMGcore's offering is its two-phase liquid immersion cooling technology, which submerges IT servers and other hardware in a non-conductive fluid. This method significantly reduces cooling costs—by as much as 90% compared to traditional air-cooled systems—and allows for much greater computing density. A key product is the OTTO platform, a self-contained, automated, two-phase liquid immersion-cooled data center module that is a fraction of the size of a conventional data center and uses no water. The OTTO platform, which includes robotic hot-swapping of components, is designed to cut operating costs by up to 80% while providing ten times the processing power per square foot. The company also developed product lines like the single-phase immersion tank CryptoCore for mining and ComputeCore for HPC applications, along with specialized servers like the HydroBlade. These solutions serve clients that require the power of HPC, including those in AI, data analytics, and edge computing.

John-David Enright, the CEO of TMGcore, has a background spanning nearly three decades in strategic growth for multinational organizations, with expertise in HPC platforms, blockchain, and biotechnology. His experience in process engineering and project management at companies like Stryker and Genentech, combined with roles in global strategic growth at Lonza, informed the company's direction. In early 2024, thermal management solutions provider Modine acquired the intellectual property and other specific assets of TMGcore. This acquisition integrated TMGcore's single- and two-phase liquid immersion cooling technologies into Modine's portfolio, positioning them to capitalize on the rapidly expanding data center cooling market, particularly for high-density applications like generative AI.