Abstract: The disclosure relates to a lubrication and cooling device (1), comprising; a cooling fluid device (3), which comprises a first channel (5), which is connected to a first inlet port (7), and a lubricant fluid device (9), which comprises a second channel (11), which is connected to a second inlet port (13). The lubrication and cooling device (1) further comprises a heat exchanger (15), which comprises a cooling circuit (17) and a lubricant delivery circuit (19). The heat exchanger (15) is arranged to cool the lubricant fluid (24) by means of the cooling fluid (22), wherein the cooling fluid is a cryogenic fluid. The disclosure further relates to a method for lubricating and cooling a workpiece or a process by using a lubrication and cooling device (1), wherein the method comprises the steps of: a) cooling the lubricant fluid (24 by means of the cooling fluid (22) using the heat exchanger (15), and b) providing the cooled lubricant fluid (24) to the workpiece or process being lubricated and cooled.