Recently, Deye Shares (hereinafter referred to as the “Company”) completed an exclusive Series B strategic investment in Guangzhou Hashcool Technology Co., Ltd. (hereinafter referred to as “Hashcool”). This decision was driven by the Company’s confidence in global AI industry trends and the future market prospects of the liquid cooling sector. This investment holds significant strategic importance for the Company’s industrial ecosystem development.
This round of financing will be primarily directed toward the construction of Hashcool’s fourth production base, focusing on building an industry-leading agile delivery system. Once operational, the project will fully meet the continuously expanding demand of the liquid cooling market, consolidate and strengthen Hashcool’s competitive advantage in delivery, and provide core production capacity support for rapid business growth.
About Hashcool
Established in 2023, Hashcool was founded by a cohesive team of senior industry experts. As a leading domestic liquid cooling technology enterprise, it is dedicated to providing ultra-reliable, efficient, and cost-effective liquid cooling equipment and comprehensive solutions for scenarios such as data centers.
The core team at Hashcool possesses 16 years of deep experience in the liquid cooling industry, accumulating profound technical expertise and industry insight. Amid the rapid upgrade of AI computing power—where liquid cooling has become a “mandatory option”—Hashcool has leveraged its core technology to accelerate market expansion. To date, the company has completed a cumulative delivery of 2.4GW in liquid cooling projects, earning widespread recognition for its delivery capabilities.
Authoritative Qualifications
Hashcool adheres to a development strategy centered on technological leadership, fully benchmarking against international advanced standards. The company has successfully passed authoritative certifications including the ISO9001/14001/45001 management systems and the ISO3834 international welding quality system. Its core products, such as the Megawatt-level CDU and LOADBANK, have obtained international certifications like UL and CE, effectively breaking through overseas market entry barriers and solidifying the global recognition and influence of its core technology.
As of now, Hashcool has been recognized as a National High-Tech Enterprise, a Technology-based SME, and an Innovative SME. It holds 32 core patents and has established a comprehensive intellectual property protection system, continuously consolidating its industry-leading position through technological iteration.
Product System
Relying on a self-constructed three-tier technical system of “Core Components – System Platform – Multi-Scenario Architecture,” Hashcool has formed a full-scenario product matrix covering cold plate liquid cooling, immersion liquid cooling, and prefabricated modules. With precise technical adaptability, the company efficiently solves heat dissipation pain points across scenarios with varying power densities.
Current Status and Future Outlook
In 2025, relying on superior technology and quality, Hashcool secured new orders worth hundreds of millions of CNY, ranking at the forefront of the industry in terms of scale. Its products are sold in multiple countries and regions worldwide, with overseas business accounting for more than 60%. The company has successfully served over 20 global top-tier clients and implemented multiple industry benchmark projects.
Looking ahead, Hashcool will use this Series B strategic financing as a key opportunity to continuously increase R&D investment, solidify delivery capabilities, and deepen its global market layout. Furthermore, the company will actively advance its capital market planning. By driving high-quality development through technology, Hashi Cooling aims to provide core thermal management support for high-density AI computing, striving to become the preferred liquid cooling technology partner for global high-density computing scenarios.
