Immersion cooling allows Allied Control to leave less space between the chips, which saves money that would otherwise be spent on rent.
The technology also cuts down on electricity use -- one of the other major costs associated with Bitcoin mining. Lau wouldn't reveal how much it cost to build the mine, but he said that electricity bills for a fully-operational mine of this size would typically exceed $50,000 per month.
"The real question from a business perspective is how efficiently you can run your mining operation," Lau said.
