AirJoule Technologies Corporation

AirJoule Technologies Acquires BitSink, Adding Profitable AI & HPC Infrastructure Cooling Business

AirJoule Technologies has acquired BitSink, a U.S.-based maker of cooling, electrical distribution and racking infrastructure for AI and HPC data centers, for upfront consideration of $18 million in cash and $9 million in AIRJ stock, plus an earnout of up to $40 million in stock tied to three-year revenue milestones. BitSink adds a profitable operating business with approximately $11 million of cumulative revenue across 2024-2025, $15 million in near-term purchase orders, and more than 220 MW of deployed capacity across North America, expanding AirJoule's addressable market from $20 billion to $70 billion. The $18 million cash outlay is significant for an early-stage company holding $45 million in cash as of August 31, 2026, though the earnout structure conditions the majority of potential consideration on BitSink's future revenue performance. Strategically, the deal pairs BitSink's liquid cooling with AirJoule's atmospheric water generation under its GE Vernova joint venture, with the first AirJoule Prime system in transit to a first-of-a-kind European data center deployment in Q4 2026.

•1mo ago

AirJoule Technologies and the Net Zero Innovation Hub for Data Centers Announce Strategic Collaboration to Deploy Heat-To-Water Technology in Data Centers

AirJoule Technologies formed a strategic collaboration with the Net Zero Innovation Hub for Data Centers to validate its heat-to-water technology at a commercial data center site in 2026. The initiative will involve deploying an AirJoule Prime system to convert low-grade waste heat into usable water, supporting resource-efficient operations. This deployment marks a transition from demonstration to real-world testing for AirJoule, aiming to prove the commercial viability of its sorption technology.

•2mo ago

AirJoule Technologies Deploys AirJoule™ Core System at GE Vernova’s New Advanced Research Center Frontier Campus

AirJoule Technologies deployed an AirJoule Core atmospheric water generation system at GE Vernova’s newly opened Advanced Research Center Frontier Campus in Niskayuna, New York. The system will operate as a live showcase for visitors, highlighting the 50/50 joint venture between AirJoule and GE Vernova aimed at commercializing sorption-based water generation technology. CEO Matt Jore stated that featuring the system at the $110 million campus signals the strength of the collaboration and confidence in the technology for industrial and data center applications.

•3mo ago

AirJoule Technologies and Kubota Corporation Announce Deployments of Breakthrough Decentralized Water Infrastructure and Exclusive Sales Partnership to Unlock Water-Constrained U.S. Residential Development

AirJoule Technologies entered an exclusive sales agreement with Kubota Corporation to distribute its atmospheric water generation systems for multi-unit residential developments in Texas and California. Kubota purchased two AirJoule Core systems for initial deployments near Corpus Christi and Irvine, expected to begin in Q3 2026, to validate performance in water-constrained environments. The partnership aims to help developers meet strict regulatory water security requirements and avoid high infrastructure costs associated with extending centralized water pipes.

•3mo ago

AirJoule Technologies Unveils Prime System for Industrial-Scale Atmospheric Water Generation

AirJoule Technologies unveiled its full-scale AirJoule Prime system, an industrial atmospheric water generator capable of producing up to 2,000 liters of pure water daily from low-grade waste heat. The system has been commissioned at the company's Newark, Delaware facility and is slated for deployment in Europe with the Net Zero Innovation Hub for Data Centers to demonstrate integration with data center infrastructure. CEO Matt Jore described the completion as a defining milestone for commercialization, emphasizing the strength of the company's 50/50 joint venture with GE Vernova and its partnership with Carrier Global Corporation.

•4mo ago