AirJoule Technologies Corporation, through its subsidiary, has acquired Bitsink LLC, a U.S.-based designer and manufacturer of cooling, power, and racking infrastructure for AI and high-density data centers. The acquisition, effective September 10, 2026, expands AirJoule's capabilities in the growing data center infrastructure market.
Key Details
- Acquisition Terms: The deal consists of an upfront payment of $18 million in cash and the issuance of 1,859,504 shares of Class A common stock.
- Contingent Payout: The seller is eligible for up to an additional $40 million in earnout payments, payable in Class A common stock, based on the achievement of specific revenue targets from 2027 through 2029.
- Agreement Date: The Purchase Agreement was executed on September 10, 2026.