Blockchain Firm Bitfury Appoints Joseph Capes To Lead Liquid Cooling Subsidiary

Job Appointments | October 23, 2019 By:

Blockchain infrastructure provider Bitfury has appointed Joseph Capes as the new head of the firm’s liquid cooling subsidiary, Allied Control Limited.

Founded in 2011, Bitfury is a full service blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem. It also operates mining farms in Canada, Norway, Iceland and the Republic of Georgia. Bitfury’s subsidiary is an industry leader in sustainable datacenter and computing solutions. Its proprietary 2-phase immersion cooling solution is covered by multiple patents globally and significantly reduces datacenter size and environmental footprint while delivering increased computing capabilities.

Capes previously served as Global Director of Cooling Offer Development for Schneider Electric’s cloud and service provider customer segment. He has held senior-level management positions in sales, marketing, product management and business development for Schneider Electric, spanning 19 years of service with the company. Capes also served as vice president of Sales and Marketing for Premium Power, responsible for the commercialization of advanced battery power systems used in telecoms, utility and renewable energy applications.

According to Bitfury, the addition of Capes highlights the company’s commitment to high-performance computing products for all sectors, including artificial intelligence.

“Joe is an important addition to our high-performance computing team,” said Valery Vavilov, CEO and co-founder of Bitfury. “Under his direction, we look forward to expanding our sustainable datacenter and computing technologies for artificial intelligence, blockchain, high-performance computing and other applications.”

Addressing the growing need for liquid cooling solutions, Capes said that power densities in datacenter and edge computing applications have increased dramatically due to the use of higher-powered chips.

“Datacenters now use more electricity and water for cooling as traditional IT and mechanical infrastructure reaches practical limitations in efficiency and cost of operation,” Capes said. “Liquid cooling helps us address this thermal trend in a way that is unachievable through other methods. Once you take into account IT hardware compaction, removal of mechanical air-conditioning and the ability to free-cool at higher outdoor ambient conditions, it is clear that liquid cooling can provide dramatic savings of energy, water and physical space while providing sound financial payback.”