I've been doing it for about 5 years.
I have several chest type freezers outside with my worms in them. We generate about 800 lbs of worm poo (castings) per year and about 400 gallons of "juice".
Here's how I do it. Its my own design.
Find a broken chest freezer on craigslist for free. Make sure you get the type that is plastic inside so you're not dealing with rust.
Make sure you remove the drain plug inside but leave the outside one in place as this is where you will drain your juice from.
You'll need a hole saw to drill three holes through the side. One hole for a small computer muffin fan, one for air intake, and one for a power cord that goes to the cold weather heater.
Find an old computer muffin fan and mount it to the outside of the freezer so it sucks air out of the freezer. Computer fans are 12 volts so you can usually power them with either a solar charged battery or one of those cell phone charger plugs.
The next step requires some imagination but I'm sure you'll figure it out.
You'll need to build a "false floor", sort of like an elevated surface that is very porous with very large holes. This false floor is to allow the water to drain down and be emptied. Some kind of grate material. It needs to be elevated about 1 or 2 inches above the bottom of the freezer and you'll have to cut the shape so it fits snug all the way around the inside contours.
If you're like me and you live in the north where winters get cold, you'll need to provide your little friends with some artificial heat. Don't believe anyone who says natural composting action will keep them warm because that doesn't work below about 30 deg F.
The best way to give them heat is to buy some pipe heating cable like this stuff:
http://www.acehardware.com/product/i...uctId=30411676
Its basically a water proof heating tape designed to keep water pipes from freezing. They have built in thermostats that will keep things right around 40 degF. Your worms won't do much when its that cold but they'll live and survive just fine and it won't cost you a fortune in energy. The heat is gentle and quite evenly spread out. 60 to 80 watts of energy is plenty inside an insulated box like a chest freezer. You'll need something six feet long minimum, I like the 9 footers myself.
Lay the cable across the bottom of the freezer before you put in the false floor. Make sure both of the ends of the cable are secured to the inner walls near the top so only the continuous rubber jacket is in contact with the wet materials.
You'll want to drill a 1.5 inch hole through the side of the freezer to run the plug out so you can attach a power cord to it. Make sure to fill the hole with something to keep heat in and worms in, as well as critters out.
Once the cable is in, put in your false floor.
Next, put a layer of window screen on top of that. Make sure its the plastic type and not the aluminum stuff. Cut the screen so it rides up the walls. Neatness does NOT count here.
Next, get a bunch of cardboard boxes. Use natural brown cardboard only and remove any packing tape or labels. Cut the cardboard into 1 inch strips between 2 inches and 10 inches long. You'll need enough to create a 3 inch thick layer all across the bottom.
Next, shovel in some pre-composted horse manure. About six inches worth.
Spray the whole thing down with the garden hose until sopping wet and toss in your worms. Make sure your muffin fan is plugged in. You might also want to fashion some type of air intake filter to prevent flies and stuff from getting in too.
The process starts slow. If you pick up 500 worms, don't expect to see any progress for six to eight months. It will take a full year before they really get going.
I have probably 100,000 worms in each freezer, that's just a wild guess.
To harvest the worm castings for your garden, just scoop them out worms and all. You might kill 5000 worms but there's probably 100,000 unhatched eggs ready to replace them.
The juice that flows out the bottom is almost better than the worm castings for fertilizer.
During the winter months, you can unplug your muffin fan and cover it up with something to keep the heat in.
Hope that helps, hope I didn't forget anything.