AirJoule Technologies Acquires BitSink for Data Center Expansion

AirJoule Technologies, a leading platform technology company that harnesses the power of water from air, has expanded its operations into the rapidly growing market for AI and high-performance computing (HPC) data center infrastructure with the acquisition of BitSink. The acquisition, announced on September 14, 2026, marks a significant step for AirJoule Technologies as it aims to address the critical infrastructure requirements of next-generation modular data centers.

BitSink, a U.S.-based designer and manufacturer of cooling, electrical distribution, and racking infrastructure for AI and HPC data centers, brings a proven track record of reliable uptime performance. With over 220 megawatts (MW) of equipment deployments across North America, BitSink has established itself as a key player in the data center cooling and power infrastructure market. The acquisition is expected to enhance AirJoule Technologies' existing capabilities, providing a broader range of solutions for data center developers.

Under the terms of the transaction, AirJoule Technologies acquired 100% of BitSink for an upfront consideration of $18 million in cash and $9 million in AIRJ common stock. Additionally, the company has agreed to pay up to $40 million in AIRJ common stock based on BitSink achieving revenue milestones over the next three calendar years. This structure is designed to align a majority of potential consideration with the future performance of the acquired business, creating a natural platform for AirJoule Technologies to integrate BitSink's cooling technology with its own atmospheric water generation capabilities.

AirJoule Technologies' Chief Executive Officer, Matt Jore, expressed excitement about the acquisition, stating, "The rapid buildout of AI and HPC infrastructure is fundamentally changing the requirements for cooling and water across the data center ecosystem. BitSink brings a proven track record of delivering high-density liquid cooling and electrical infrastructure at commercial scale, which is directly applicable to the growing demand for AI and HPC."

Stephen Pang, Chief Financial Officer of AirJoule Technologies, added, "This transaction delivers commercial revenue contribution and substantial long-term growth potential. It also creates a natural platform to combine BitSink's cooling technology with our AirJoule atmospheric water generation capabilities into an integrated infrastructure offering for the AI and HPC data center market."

BitSink Founder, Stan Dyshko, commented, "We built BitSink to solve the real-world infrastructure challenges facing increasingly power-dense computing environments. Joining AirJoule Technologies gives us additional resources and relationships to expand our manufacturing capabilities and reach new customers. It also creates an exciting opportunity to integrate BitSink's cooling and power infrastructure and the AirJoule atmospheric water generation technology to address the physical infrastructure constraints faced by data center developers."

The acquisition provides AirJoule Technologies with several immediate strategic benefits. It broadens the company's addressable market opportunity from $20 billion to $70 billion for data center cooling and power distribution. Additionally, it adds a profitable operating business with cumulative revenue of approximately $11 million across 2024 and 2025, and $15 million in near-term purchase orders. The transaction also includes an established U.S. manufacturing platform, with a 65,000-square-foot facility in Chesnee, South Carolina, offering significant expansion opportunities.

AirJoule Technologies will host an investor webcast at 8:30 am ET on the same day to discuss the transaction. The presentation and webcast details are available on the company's investor website.

The acquisition of BitSink by AirJoule Technologies is expected to accelerate the company's initiatives to address data center infrastructure needs, leveraging its 50/50 joint venture with GE Vernova and its partnership with Carrier Global Corporation. The company's AirJoule Prime atmospheric water generation system, which utilizes low-grade waste heat to produce pure distilled water, is currently in transit to Europe for a first-of-a-kind deployment at a European data center in Q4 2026. The BitSink acquisition directly complements this strategy, creating a significant integration opportunity between the two product lines.

AirJoule Technologies Corporation (Nasdaq: AIRJ) is a leading platform technology that unleashes the power of water from air. Through its joint venture with GE Vernova and in partnership with Carrier Global Corporation, the company's purpose is to free the world of its water and energy constraints by delivering groundbreaking sorption technologies.