AirJoule Buys BitSink to Add AI Data-Center Cooling and Power Equipment

The acquisition gives AirJoule deployed infrastructure and U.S. manufacturing now, while its proposed water-and-cooling offering still depends on integration.

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AirJoule Buys BitSink to Add AI Data-Center Cooling and Power Equipment
AirJoule Buys BitSink to Add AI Data-Center Cooling and Power Equipment

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AirJoule has acquired BitSink for $27 million upfront, giving the atmospheric-water company an operating foothold in AI and HPC data-center infrastructure. The payment is split between $18 million in cash and $9 million in AirJoule stock. Another $40 million in stock could follow if BitSink reaches revenue milestones during the three calendar years after closing. BitSink designs, manufactures, and deploys liquid-cooling systems, switchboards, power-distribution units, and equipment racks for high-density computing. AirJoule says the business generated about $11 million in cumulative revenue across 2024 and 2025, and comes with $15 million in near-term purchase orders. Its equipment is already deployed across North America, covering more than 220 megawatts of cooling and power capacity. The deal also brings U.S. manufacturing, including an expansion to a 65,000-square-foot facility in Chesnee, South Carolina. That makes this more than a blank-sheet product plan: AirJoule now owns infrastructure already being sold and deployed. The strategic bet is integration. AirJoule wants to pair BitSink’s closed-loop cooling systems with technology that uses waste heat to produce distilled water from air. The company says that could expand its addressable market from $20 billion to $70 billion, but that figure is a projection, not realized demand. The key constraint is whether customers adopt the combined cooling-and-water system, rather than buying only the established infrastructure BitSink already provides.

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3 key points

AirJoule now owns BitSink, a commercial supplier of liquid-cooling systems, switchboards, power distribution units, and racks for high-density computing. The consideration totals $27 million upfront—$18 million cash and $9 million in stock—with up to $40 million more tied to revenue milestones over the next three calendar years. BitSink brings roughly $11 million in 2024–2025 cumulative revenue, $15 million in...

  1. 01

    BitSink expands AirJoule into operating AI and HPC infrastructure, rather than a purely prospective product line.

  2. 02

    The acquisition includes a 65,000-square-foot manufacturing expansion in Chesnee, South Carolina.

  3. 03

    Up to $40 million in additional AirJoule stock depends on BitSink revenue milestones after closing.

AirJoule Technologies has acquired BitSink, bringing cooling and electrical equipment for AI data centers into a company focused on extracting water from air. The deal supplies operating infrastructure immediately; the proposed package combining cooling and water generation remains a future plan.

The equipment AirJoule gains

BitSink designs, manufactures and deploys liquid-cooling systems, switchboards, power distribution units and equipment racks for high-density computing. That places thermal management and electrical distribution alongside AirJoule’s existing atmospheric water-generation technology.

An operating base, not a blank-sheet build

AirJoule said BitSink generated approximately $11 million in cumulative revenue across 2024 and 2025, with $15 million in near-term purchase orders. Those company-provided figures describe a commercial business that existed before the acquisition, rather than a product concept created by it.

What comes with BitSink

  • More than 220 megawatts of cooling and power equipment deployed across North America, according to AirJoule.
  • U.S. manufacturing capabilities and an expansion to a 65,000-square-foot facility in Chesnee, South Carolina.

The integration is the longer bet

AirJoule plans to combine BitSink’s cooling systems with technology designed to use waste heat to produce distilled water from air. The proposed connection is specific: BitSink’s closed-loop cooling systems reject the type of low-grade waste heat that AirJoule says its water system can use. Whether that planned combined offering reaches customers is the unresolved part of the acquisition’s strategy.

AirJoule said the acquisition expands its addressable market opportunity from $20 billion to $70 billion for data-center cooling and power distribution. That is the company’s estimate, but the immediate change is more concrete: AirJoule now owns an established supplier across cooling, power equipment and racks.

Sources

  1. globenewswire.comAirJoule Technologies Acquires BitSink, Adding Profitable AI & HPC Infrastructure Cooling Business
  2. quiverquant.comAirJoule Technologies Acquires BitSink to Expand Into AI and HPC Data Center Cooling and Power Infrastructure | AIRJ Stock News

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