AirJoule secures $27 million in funding to deploy water-from-air cooling technology into data center facilities.

AirJoule Technologies acquired BitSink, an AI data center cooling and electrical infrastructure company, for $27 million on Monday, expanding its reach into the AI and high-performance computing infrastructure market. BitSink designs and manufactures liquid cooling systems, precision air handling and electrical switchgear for high-density AI compute facilities. AirJoule, through a joint venture with GE Vernova and partnership with Carrier, provides solutions that pull water from humid air. BitSink's closed-loop cooling system generates low-grade waste heat that AirJoule uses in its water regeneration process, creating significant integration opportunity between the two product lines.

Water availability and consumption have become important considerations for data center development and operations. AI and high-performance compute data centers are escalating infrastructure requirements. Next-generation chips require rack densities beyond the practical limits of air cooling, spurring the need for advanced technologies such as liquid cooling, according to AFCOM's 2026 State of the Data Center report. "AI racks draw 40 to 150 kilowatts, compared with 5 to 10 kW for a traditional server," Matt Jore, founder and CEO of AirJoule Technologies Corporation, told Facilities Dive. "That growing rack density has pushed the industry past the practical limits of air cooling and made liquid cooling a requirement."

The data center liquid cooling market is projected to grow from $3.7 billion in 2025 to $11.5 billion in 2030, according to Bloomberg Intelligence figures cited by AirJoule. Bloomberg Intelligence also expects direct-to-chip cooling to comprise almost 90 percent of liquid-cooling architectures. BitSink designs, manufactures and installs cooling systems that enable liquid cooling for high-density workloads, including integrated modular data center blocks.

Liquid-cooled systems are increasingly designed to run at higher coolant temperatures. NVIDIA's latest AI-server architecture, for example, uses outdoor dry coolers in a closed loop to reject heat from a 45-degree-Celsius cooling liquid. "As density keeps climbing, the industry keeps moving toward the architecture that BitSink supports," Jore said. "Higher loop temperatures make dry heat rejection practical at higher densities, cut water consumption further, and produce more of the waste heat that AirJoule Prime runs on."

Greater electrical loads are also creating supply chain bottlenecks for switchgear, power distribution and related infrastructure. "BitSink manufactures UL-listed switchboards and control panels, power distribution units and equipment racks in the U.S., and it delivers them alongside its cooling systems," Jore said. "For a facilities team, that means one supplier, one design package and one point of accountability instead of coordinating separate cooling and electrical vendors."

AirJoule gains an established operating business with U.S. manufacturing capabilities, a portfolio of deployed cooling and electrical infrastructure products and existing customer relationships. As part of AirJoule Technologies, BitSink will focus on emerging modular and edge deployments as well as the large base of high-density cryptocurrency-mining sites being converted to AI and high-performance computing applications. "BitSink already has customer relationships with many Bitcoin miners who need to upgrade their cooling systems as part of this conversion," Jore said. "Over time, there is an opportunity to pair BitSink's closed-loop liquid cooling with the AirJoule technology so that a single platform can deliver cooling, electrical equipment, and water for the operator."

"This transaction delivers commercial revenue contribution and substantial long-term potential, while also creating a natural platform to combine BitSink's cooling technology with our AirJoule atmospheric water generation capabilities into an integrated offering for the AI and HPC data center market," Stephen Pang, chief financial officer at AirJoule Technologies, said in a statement.

The acquisition accelerates AirJoule Technologies' initiatives to address data center infrastructure demand through its joint venture with GE Vernova. In June, the joint venture commissioned its first AirJoule Prime atmospheric water generation system, which uses low-grade waste heat to produce approximately 2,000 liters of distilled water per day, at its manufacturing facility in Newark, Delaware. The system will be deployed in a European data center in the fourth quarter through a partnership with the Net Zero Innovation Hub for Data Centers. AirJoule Technologies said it is laying the foundation for initial commercialization this year and for scaled commercial activity in 2027.