AirJoule Technologies Acquires BitSink for Cooling

Ronan, Montana, USA - AirJoule Technologies Corporation (Nasdaq: AIRJ) has acquired BitSink, a U.S.-based designer and manufacturer of cooling, electrical distribution, and racking infrastructure for AI and high-performance computing data centers.

The acquisition expands AirJoule Technologies' operations into the market for AI and HPC data center infrastructure. BitSink provides an established operating business with U.S. manufacturing capabilities, including a facility in Chesnee, South Carolina, and deployed cooling and electrical infrastructure products.

Transaction Details

• Upfront Consideration: $18 million in cash and $9 million in AIRJ common stock.
• Earnout: Up to $40 million of additional consideration payable in AIRJ common stock based on revenue milestones over the three calendar years following closing.

Strategic Rationale

The integration combines BitSink's liquid cooling and power infrastructure with AirJoule's atmospheric water generation technology. BitSink's closed-loop cooling systems reject low-grade waste heat that can be utilized by the AirJoule Prime system to extract water from air.