TMGcore Company Profile

Background

TMGcore, founded in 2018 and headquartered in Plano, Texas, specializes in high-performance computing (HPC) solutions utilizing advanced immersion cooling technologies. The company's mission is to revolutionize data center operations by providing efficient, scalable, and environmentally sustainable computing infrastructures. TMGcore's innovative approach has positioned it as a significant player in the HPC industry, offering solutions that address the growing demand for high-density computing with reduced energy consumption.

Key Strategic Focus

TMGcore's strategic focus centers on the development and deployment of immersion cooling technologies for HPC applications. The company's core objectives include:

Innovative Cooling Solutions: Designing and implementing single-phase and two-phase immersion cooling systems to enhance thermal management in data centers.

Scalability and Efficiency: Providing modular and scalable HPC solutions that deliver high computational power while optimizing energy usage.

Environmental Sustainability: Reducing the environmental impact of data centers through energy-efficient designs and sustainable practices.

TMGcore's primary markets encompass sectors such as edge computing, artificial intelligence (AI), machine learning, cloud computing, blockchain, rendering, gaming, and telecommunications. The company targets conditions requiring high-density computing with efficient cooling solutions.

Financials and Funding

As of January 2026, TMGcore has raised a total of $90 million in funding. The most recent funding round occurred four years ago, securing $10 million. Notable investors include Pinchal & Company, which invested approximately $60 million into the project, and additional investments from Pinchal totaling $7 million. The capital has been utilized to develop and deploy advanced HPC solutions, establish large-scale mining facilities, and expand the company's technological capabilities.

Pipeline Development

TMGcore has developed several key products in its pipeline:

ComputeCore: A single-phase immersion-cooled HPC solution launched in May 2022. ComputeCore offers a 48U form factor capable of housing up to 200 kW of computing power within a 26-square-foot space.

CryptoCore: An immersion-cooled mining solution introduced in April 2022. CryptoCore enhances mining performance by up to 80% above stock OEM hash rates and supports up to 28 miners per tank, delivering up to 200 kW of power.

Otto: A two-phase immersion cooling system utilizing robotic arms for maintenance tasks, launched around 2020. Otto is designed for high-density computing environments, offering efficient thermal management solutions.

Technological Platform and Innovation

TMGcore's technological platforms and innovations include:

Proprietary Technologies: Development of single-phase and two-phase immersion cooling systems that significantly improve thermal management in data centers.

Scientific Methods: Utilization of two-phase liquid immersion cooling, where the cooling fluid evaporates to remove heat and is then condensed back into liquid, enhancing heat dissipation efficiency.

AI-Driven Capabilities: Implementation of dynamically intelligent mining software that automatically selects the most profitable cryptocurrency to mine based on real-time market data, optimizing resource allocation.

Leadership Team

The leadership team at TMGcore includes:

JD Enright: Chief Executive Officer (CEO). Enright has been instrumental in driving the company's vision and technological advancements.

William Hadala: Co-founder and Chief Strategy Officer. Hadala has played a key role in the company's strategic direction and partnerships.

Leadership Changes

In January 2024, Modine, the owner of the Airedale chiller business, acquired TMGcore's assets, including intellectual property related to immersion cooling technologies. This acquisition aimed to strengthen Modine's position in the data center cooling market.

Market Insights and Competitor Analysis

The immersion cooling market is experiencing significant growth, driven by the increasing demand for high-density computing and the need for energy-efficient data center solutions. Market research predicts that the liquid cooling market for data centers will reach $7.8 billion by 2028.

Key competitors in the immersion cooling and HPC solutions market include:

FlexNode: Specializes in modular data centers with advanced cooling solutions.

Asperitas: Offers single-phase immersion cooling systems for high-density computing environments.

GRC (Green Revolution Cooling): Provides single-phase immersion cooling solutions for data centers.

Zutacore: Focuses on two-phase immersion cooling technologies for high-performance computing.

These competitors offer various cooling solutions, each with unique technologies and approaches to addressing the challenges of high-density computing.

Strategic Collaborations and Partnerships

TMGcore has established several strategic collaborations:

Dell Technologies: Partnered to develop immersion-cooled data center platforms, integrating Dell EMC servers with TMGcore's cooling technology.

Vertiv: Collaborated to create self-contained data center platforms with enhanced energy efficiency.

OnPoint Warranty Solutions: Teamed up to construct and administer warranty programs for TMGcore's OTTO data center platform.

Operational Insights

TMGcore's immersion cooling solutions offer several operational advantages:

High-Density Computing: Ability to support high-density computing environments with efficient thermal management.

Energy Efficiency: Reduction in energy consumption for cooling by up to 80% compared to traditional methods.

Scalability: Modular designs that allow for scalable deployment in various data center configurations.

Strategic Opportunities and Future Directions

Following the acquisition by Modine in January 2024, TMGcore has the opportunity to leverage Modine's resources and expertise to expand its market presence and accelerate the development of advanced cooling solutions. The focus will likely be on integrating TMGcore's technologies into Modine's existing product lines and exploring new applications in high-density computing and data center cooling.