AirJoule Technologies Acquires BitSink, Adding Profitable AI & HPC Infrastructure Cooling Business
Transaction accelerates AIRJ’s existing data center strategy by adding an operating business, deployed infrastructure, customer relationships and U.S. manufacturing capabilities.
$18 million cash
Upfront cash consideration
$9 million stock
Upfront stock consideration
Performance-Based Earnout
Up to $40M in AIRJ stock contingent on achieving 2027-2029 revenue milestones
Profitable Business
Immediately accretive to AIRJ revenue and gross profit
No Debt
Cash and stock transaction with no debt assumed from BitSink
AIRJ Retains Strong Balance Sheet
Aug 31, 2026 cash balance was $43 million
With BitSink, AIRJ adds a revenue-generating, AI & HPC infrastructure platform with a proven deployment track record.
Compelling Industrial Logic
BitSink’s zero-water closed-loop dry cooling and AIRJ’s on-site atmospheric water generation together create a differentiated modular thermal and water platform for data centers in water-constrained markets.
Immediate De-Risked Market Entry
With more than 220 MW deployed across North America, UL-listed switchgear and control panels, and a 65,000-square-foot facility, the platform rapidly expands AIRJ’s opportunity set beyond what it could build organically.
A Sector With Strong Secular Growth
U.S. data center growth is expected to drive capacity from 24GW to roughly 100GW by 2030, increasing electrical-equipment spending from $20 billion to more than $65 billion and expanding the liquid-cooling market from $3.7 billion to $11.5 billion by 2030.
Transaction Structure Aligns Incentives
The transaction includes $27 million upfront–$18 million in cash and $9 million in AIRJ equity–plus up to $40 million in stock earnout based on achieving specific revenue targets while aligning incentives with performance.
The New AIRJ Integrated Platform Post-BitSink
Revenue Generating
Deployment Track Record
Expanded TAM
Multiple Levers to Value Creation
Frequently Asked Questions
What did AirJoule Technologies acquire?
AirJoule Technologies acquired BitSink, a U.S.-based designer and manufacturer of cooling, electrical distribution and racking infrastructure for AI and high-performance computing data centers.
Where is BitSink located?
BitSink operates in the United States and is expanding its manufacturing presence in Chesnee, South Carolina.
What is modular data-center infrastructure?
Modular infrastructure uses factory-built, deployable systems, such as cooling, power and rack solutions, to help data center operators deploy capacity more quickly and consistently.
What capabilities does BitSink add to AirJoule?
BitSink adds cooling and power infrastructure, U.S. manufacturing and field-deployment capabilities that expands AirJoule Technologies’ data center strategy.
How does BitSink complement AirJoule’s technology?
AirJoule Technologies sees an opportunity to pair BitSink’s modular cooling and power infrastructure with its atmospheric water generation to support water-positive data centers.
What were the terms of the acquisition?
AirJoule paid $18 million in cash and $9 million in AirJoule common stock at closing. The transaction also includes up to $40 million of additional equity consideration contingent on BitSink achieving specified future revenue milestones.
Where can investors find more information about the transaction?
Investors can review the acquisition announcement, investor presentation and AirJoule Technologies’ SEC filings through the company’s Investor Relations website.
Who can investors contact with questions?
For investor inquiries, please contact Tom Divine, VP Investor Relations & Finance at [email protected].