What Fog Hashing does

Fog Hashing is a Singapore-based modular data center provider founded in 2021 that designs, manufactures, and operates liquid-cooled containerized data centers primarily for bitcoin mining and, increasingly, AI/HPC compute workloads. Its product portfolio spans the C Series for home and SMB miners, the B Series for industrial-scale liquid cooling, the H Series for hydro cooling, and the A Series and D Series targeting AI/HPC infrastructure, supported by the Fog Power product line for power infrastructure, the proprietary FHC01 coolant, and the Fog Portal monitoring and management platform.

The company has scaled deployment to 400+ MW across 40+ countries with 296 MW delivered in 2025, representing roughly 200% year-over-year growth, and serves a customer base of 5,000+ total customers including 512 active clients in 2025. Fog Hashing monetizes through upfront hardware sales of its modular units and through recurring FogCare subscription services priced at $200/year for C Series and $6K-$7K/MW/year for B and H Series, with FogCare+ offering extended warranty up to 10 years. Go-to-market combines direct sales with an expanding distributor network across Argentina, India, Oceania, Spain, UAE, and North America via a Sunnyvale office, plus certified partnerships with MicroBT (since 2022) and AsicArk (since 2024) that anchor the supply and channel side of the business.

Name

Fog Hashing

Legal name

Fog Hashing Pte. Ltd.

Website

https://foghashing.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Fog Hashing is a Singapore-based modular liquid-cooled data center provider serving bitcoin miners and AI/HPC customers across 40+ countries, with 400+ MW deployed and a recurring FogCare subscription model on its C, B, H, A, and D series product lines.

Ownership category

akta.pro rank

Product category

Liquid-Cooled Data Center Infrastructure

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)

Keywords

• Liquid cooling systems
• Data center infrastructure
• Bitcoin mining hardware
• Immersion cooling
• Modular data centers

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Liquid Cooling Hardware Sales: Sale of modular cooling systems including B Series immersion tanks, H Series hydro cooling containers, C Series home mining kits, and BC40 Elite containers. Revenue from full container deployments and individual tank/module sales.
2. FogCare Extended Warranty Services: Extended warranty and support services including FogCare+ plans. Annual service fees based on product series and capacity (per MW or per unit). Includes 24/7 support, spare parts, and software upgrades.
3. FOG POWER Power Infrastructure: Sale of power infrastructure products including transformers and switchboards for high-density computing facilities. Targets AI data centers and mining operations in North America.
4. FogCare+ Extended Service: Paid extended warranty options up to 10 years, providing comprehensive support and maintenance services beyond the standard 1-year warranty.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels5 records

Core offering

Fog Hashing designs and operates modular liquid-cooled data centers engineered for bitcoin mining and AI/HPC workloads. The company sells purpose-built hardware product lines (immersion and hydro cooling containers), electrical infrastructure (transformers/switchboards), proprietary coolant fluids, and supporting service/warranty plans targeted at industrial mining operators and compute facility owners.

Product overview

Fog Hashing is a modular data center solutions provider delivering full-stack power-to-compute capabilities for both Bitcoin mining and AI/HPC industries. The product portfolio consists of three main cooling product lines: B Series (modular immersion cooling for industrial mining, including B100 Tank at 100kW, BC40 Elite 1MW container, and B100 Cluster 1MW warehouse solution), H Series (modular hydro cooling ranging 200kW-2.4MW), and C Series (plug-and-play home mining kits C1/C2/C6). AI data center solutions include A Series (immersion cooling) and D Series (direct-to-chip cooling). The FogPower line provides power infrastructure (transformers and UL 891 switchboards) for high-density compute. FogCare service plans provide warranty, deployment support, spare parts, and software upgrades across all product lines.

Differentiator

Problem solved

Functional benefit

Brands

• FogHashing: Liquid cooling solutions product line for Bitcoin/cryptocurrency mining operations, including immersion and hydro cooling systems.
• FogPower
• FogCare
• FogComputing

Products and services

• B Series (Immersion Cooling)

Quantifiable outcome

• 20-50% revenue increase through overclocking capabilities
• +10 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

• MicroBT (Whatsminer)coreStrategic or Co-development Partner · 29 April 2026Long-term certified partnership since 2022. Fog Hashing is the earliest officially certified liquid-cooling solution partner of MicroBT. Jointly launched 'HashReady' program at Bitcoin2026, bundling WhatsMiner M70 series with Fog Hashing container infrastructure. Co-exhibited at Bitcoin MENA Conference and Bitcoin2026. Multiple certifications for immersion and hydro-cooling technology.
• BraiinsstrategicStrategic or Co-development Partner · 27 February 2025Partnership on groundbreaking book 'Bitcoin Mining Heat Reuse'. Dr. Paul Li, CEO of Fog Hashing, contributed the foreword. Collaboration highlighting sustainable practices and heat reuse potential from mining operations.
• AsicArkstrategicStrategic or Co-development Partner · 24 July 2024Strategic cooperation agreement covering mining equipment, immersion cooling, hosting, and overclocking. AsicArk is a premier ASIC miner distributor based in Shenzhen, China. Collaboration on next-generation mining solutions and hosting service optimization.
• BitmaincoreStrategic or Co-development PartnerStrategic partnership for Antminer compatibility and support. Fog Hashing solutions certified for Antminer S-series and other Bitmain products.
• BitdeerstrategicStrategic or Co-development PartnerStrategic partner with ongoing collaboration in mining infrastructure solutions.
• AuradinestrategicTechnology or IntegrationPartnership for SealMiner compatibility and support. Fog Hashing solutions compatible with Auradine mining hardware.
• DSBJstrategicOEM/ Whitelabel/ Licensing PartnerManufacturing partner for power infrastructure products. Deep collaboration enables US-based manufacturing options for transformers and switchboards, offering greater flexibility and confidence for North American customers.
• Castrol, Shell, MobilstrategicTechnology or IntegrationFluid validation program partners for FHC01 coolant development. Partnership with industry leaders to create fluids tailored for specific performance needs and immersion cooling applications.
• RepairBitminorStrategic or Co-development PartnerJoint hosting partner for HashReady launch event at Bitcoin2026. Co-hosted networking event with over 400 industry attendees.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Iceotope: Precision immersion and chassis-level liquid cooling for HPC, AI, and edge data centers. Competes with Fog Hashing's A Series immersion and D Series D2C offerings.
• Green Revolution Cooling: Single-phase immersion cooling pioneer for data centers and HPC. Most direct competitor to Fog Hashing's B Series and BC40 immersion systems, targeting similar high-density compute customers.
• Submer: Immersion and D2C cooling provider for hyperscale, HPC, and crypto mining. Closely overlaps with Fog Hashing across both bitcoin mining and AI/HPC use cases.
• Asperitas: Immersion cooling solutions for data centers, with a comparable product platform and focus on high-density workloads including HPC and blockchain.

Broad incumbents

• Vertiv: Large public data center infrastructure provider with broad thermal, power, and IT management portfolios. Competes with Fog Hashing's liquid cooling and Fog Power lines as part of a much wider offering.
• Schneider Electric: Global data center infrastructure incumbent spanning cooling, power (UPS, switchgear), and software. Overlaps with both Fog Hashing's cooling products and Fog Power transformers/switchboards.
• Rittal: Data center enclosures, cooling, and power distribution provider with broad industrial footprint. Competes at the modular cooling and infrastructure level with Fog Hashing's containerized solutions.
• Eaton: Power management major with switchgear, transformers, and data center power products. Direct incumbent comparable to the newly launched Fog Power transformers and UL 891 switchboards.

Others

• MicroBT (Whatsminer): ASIC miner manufacturer and Fog Hashing's longest-standing core partner since 2022. Ecosystem participant that bundles hardware with Fog Hashing's cooling via the HashReady program rather than competing directly.
• Bitmain: Largest ASIC miner manufacturer (Antminer) and strategic partner for miner compatibility. Adjacent ecosystem player whose hardware is deployed inside Fog Hashing's immersion and hydro systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/FogHashing
• LinkedInlinkedin.com/company/fog-hashing

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fog Hashing