AirJoule Technologies buys BitSink for $27 million upfront, with up to $40 million stock earnout

AirJoule Technologies bought U.S.-based BitSink, expanding into cooling, electrical distribution, and racking infrastructure for AI and HPC data centers.

• Upfront consideration totaled $27 million, split between $18 million cash and $9 million in AIRJ common stock.
• The deal includes up to $40 million in earnout payable in AIRJ common stock, tied to revenue milestones over three years.
• BitSink reported about $11 million in cumulative revenue across 2024-2025, with $15 million in near-term purchase orders.
• AirJoule had $45 million cash as of Aug. 31, 2026; BitSink adds a 65,000-square-foot manufacturing site in South Carolina.