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

Reuters2026/09/14 11:10

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AirJoule Technologies bought U.S.-based BitSink, expanding into cooling, electrical distribution, and racking infrastructure for AI and HPC data centers.
Upfront consideration totaled USD 27 million, split between USD 18 million cash and USD 9 million in AIRJ common stock.
Deal includes up to USD 40 million earnout payable in AIRJ common stock, tied to revenue milestones over three years.
BitSink reported about USD 11 million cumulative revenue across 2024-2025, with USD 15 million in near-term purchase orders.
AirJoule had USD 45 million cash as of Aug. 31, 2026; BitSink adds a 65,000-square-foot manufacturing site in South Carolina.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Airjoule Technologies Corporation published the original content used to generate this news brief on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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

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