Options Technology has signed an agreement to deploy ZutaCore's high-density, liquid-cooled compute infrastructure across its network, the two companies announced last week.

The deal gives Options clients access to HyperCool, ZutaCore's waterless, two-phase direct-to-chip liquid cooling solution. In return, Options will integrate and support the liquid-cooled technology as part of its broader product offering to financial services customers, allowing the firm to offer higher rack densities.

The partnership targets a growing constraint in financial services infrastructure: compute density. As trading firms, banks, and asset managers add AI and high-performance workloads, air cooling increasingly limits how much hardware a rack can support.

"Compute density is increasing across every part of our clients' technology stack, and the infrastructure that supports it has to keep pace," said Danny Moore, president and CEO at Options. "Partnering with ZutaCore gives our clients access to a proven, waterless cooling technology that lets them deploy denser, more powerful compute without the operational and sustainability trade-offs that come with traditional cooling methods. This is about making sure financial services infrastructure is ready for what comes next, whether that's AI or the next generation of traditional workloads."

ZutaCore positions cooling architecture as a performance enabler rather than a facilities afterthought.

"As compute requirements continue to grow across AI and high-performance financial workloads, cooling architecture has become a critical enabler of infrastructure performance," said Brian Lillie, president and chief revenue officer at ZutaCore. "Our waterless, two-phase HyperCool technology enables organizations to deploy higher-density compute while keeping water out of the IT environment, helping financial institutions prepare for the next generation of AI, analytics and trading infrastructure without compromising reliability or efficiency."

A financial sector footprint

Founded in 1993, Options Technology operates a managed infrastructure platform for the global financial sector. Its customer base includes investment banks, hedge funds, private equity firms, and asset managers. Abry Partners and Vitruvian Partners hold stakes in the company.

The firm's infrastructure reportedly spans more than 40 data centers globally, according to its sales brochures. Known colocation suppliers include Aruba in Italy, atNorth in Iceland, and multiple Equinix and Digital Realty facilities, among others. Options also operates its own London data center, opened in 2007, with capacity for 200 racks.

The company has already moved on liquid cooling this year. It took capacity in Equinix's NY3 facility in New York and deployed a liquid-cooled environment for a Tier 1 bank at Equinix NY5.

How the technology works

ZutaCore, founded in 2016, specializes in waterless two-phase direct-to-chip liquid cooling. The technology uses a closed-loop two-phase process: the coolant boils on contact with hot components, then condenses back to liquid. That phase change removes heat more effectively than conduction alone.

The design keeps water entirely out of the IT environment, addressing a key reliability concern that has slowed liquid cooling adoption in risk-averse financial institutions.

ZutaCore counts Taiwanese IT infrastructure provider Wiwynn and HVAC firm Carrier among its investors. Samsung and Mitsubishi took stakes in the company earlier this year.

Market context

For Options, the agreement extends a liquid cooling strategy already visible in its Equinix deployments. For ZutaCore, it opens a financial services channel served by a firm with more than 40 data centers of reach and a client list concentrated in precisely the workloads — AI, analytics, trading — that drive cooling demand.

The deal also signals how direct-to-chip cooling is moving from hyperscale and HPC niches into regulated enterprise markets. Financial services firms face the same density pressures as cloud providers but with stricter uptime requirements. Waterless two-phase systems such as HyperCool directly target that combination of constraints.

Terms of the agreement were not disclosed.