The invention discloses a cooling system and a control method thereof. The cooling system comprises a compressor unit, a condenser, a first electromagnetic valve, a second electromagnetic valve, a first throttling valve and a frequency converter, wherein the second electromagnetic valve and the first throttling valve are connected in series and then connected with the first electromagnetic valve in parallel; the compressor unit, the condenser, the first electromagnetic valve and the frequency converter are connected in series so as to form a first cooling loop; the compressor unit, the condenser, the second electromagnetic valve, the first throttling valve and the frequency converter are connected in series so as to form a second cooling loop; and a temperature detection module is arrangedin the frequency converter. A refrigerant of the first cooling loop is not throttled before entering the frequency converter, and the liquid supply temperature is relatively higher, so that the frequency converter can be cooled when the compressor unit runs at the small load condition so as to be prevented from condensing; and a refrigerant of the second cooling loop is throttled by the first throttling valve before entering the frequency converter, the temperature of the throttled refrigerant is lower, and the sufficient cooling amount can be provided for the frequency converter, so that thefrequency converter is not easy to overheat.