AirJoule Technologies Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $269.9M
- Price
- $3.68
- % Change (Daily % change from the live per-ticker quote feed.)
- -3.66%
- Volume
- 774.6K
About
AirJoule Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, water harvesting systems, water recapture systems, evaporative heat pump systems, water heating systems, low relative humidity drying systems, pre- and mid-cool integration coils, evaporative cooling, advanced vacuum pump systems, isothermal condenser design, gate and seal systems, and atmospheric water generation through its AirJoule technology. In addition, it offers solutions, such as water from air, water recovery, data centers, cooling systems, and moisture control. The company was founded in 2018 and is headquartered in Ronan, Montana.
Quick stats
Shares outstanding73.3M
Computed float34.8M
Float / shares47.4%
Cash runway (months)66.3
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001855474
Websitehttps://airjouletech.com
AI Summary
AI-generated1/49
majorbullishm and a
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.
Red flags
- $18M cash consideration consumes ~40% of AIRJ's $45M cash balance (Aug 31, 2026) for an early-stage company
- Up to $40M of additional AIRJ stock earnout creates potential dilution, though tied to BitSink revenue milestones
- BitSink's revenue base is modest (~$11M cumulative over 2024-2025) relative to the strategic claims made
- AIRJ self-identifies as an early-stage company with limited operating history; integration into the new AI/HPC market carries execution risk