03/28/2025
Over the last 10 years we’ve been in business, we’ve seen many companies come and go in this time. For the first ~6 years or so, it was just the casuals trying to make a quick buck and get out. The recent 2-3 years have been extremely trying times for many different professions within the industry. Particularly in our niche of equipment manufacturing, we’ve seen the fall of giants: Pure Pressure, Delta Separations, Precision, Lab Society, and most recently ETS... The list goes on, and we already see the writing on the wall for a few more.
Firstly, this hurts our heart to see these companies fall. Even with our competitors, it’s never a happy feeling. We understand the hard work, late nights, bloody knuckles, and immense effort put into these companies by their founders and employees. We understand the customers that have their money tied up in this equipment that no longer has parts, service, and support any longer.
Second, we want to just offer why we believe we are in a healthy position at Lowtemp Industries. Most, if not all, of the larger equipment companies that have failed in the recent few years have a few similar trends. They have either been purchased and/or they have investors, and most of them have gone through rapid growth during our most recent boom in the industry a couple of years ago. Lowtemp is proudly an investor-free, slow growth company. We grow at the sustainable speed of demand - nothing more, nothing less. That might not be the flashy way, but it’s stable. And in a volatile industry like this, stability matters.
We are having a ton of fun doing what we are doing, and we want to be here tomorrow, and we want to be here another 10 years from now, making the coolest hash gear of the time. This can only happen if we focus on our craft, not pleasing investors and a board of fat cat executives.
Thank you all for being a part of the ride here at Lowtemp! Yall are the real MVP’s.
