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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3 key pointsAirJoule 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...
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BitSink expands AirJoule into operating AI and HPC infrastructure, rather than a purely prospective product line.
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The acquisition includes a 65,000-square-foot manufacturing expansion in Chesnee, South Carolina.
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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
- globenewswire.comAirJoule Technologies Acquires BitSink, Adding Profitable AI & HPC Infrastructure Cooling Business
- quiverquant.comAirJoule Technologies Acquires BitSink to Expand Into AI and HPC Data Center Cooling and Power Infrastructure | AIRJ Stock News
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