AI computing power drives a surge in cooling demand, with listed companies intensively deploying in the liquid cooling sector

The domestic liquid cooling industry is showing dual characteristics of accelerated mergers and acquisitions integration and hot fundraising through private placements by listed companies. Industry experts predict that as computing power continues to expand and data center construction accelerates, liquid cooling technology has shifted from an “optional configuration” to a “mandatory standard,” and the market is about to enter an unprecedented period of opportunity. A review of related announcements reveals that domestic listed companies are primarily using private placements as a key tool to increase investment in liquid cooling capacity building, technological research and development, and temperature control of computing power. Since the beginning of 2026, several private placement projects have been approved by securities exchanges. While private placements are booming, listed companies are also actively entering the liquid cooling track through mergers and acquisitions. (Securities Daily)

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