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PowerBank's 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy
SolarBank CorpSolarBank Corp(US:SUUN) Prnewswireยท2025-07-29 12:00

Core Insights - PowerBank Corporation has launched its largest U.S. asset, the 3.79 MW Geddes Solar Power Project in New York, which is now fully operational and marks the beginning of its Bitcoin treasury strategy [1][2][3] Group 1: Project Overview - The Geddes Solar Power Project generates 3.79 MW of clean energy, sufficient to power approximately 450 homes annually, and is built on a repurposed landfill [3][8] - The project will generate net cash flows that will be allocated to Bitcoin acquisitions, creating a hybrid strategy that combines energy generation with digital asset investment [3][5] Group 2: Strategic Implications - The launch of the Geddes Project represents a strategic inflection point for PowerBank, integrating clean energy leadership with financial innovation through Bitcoin investments [2][7] - The company aims to enhance the value of its operating assets by using cash generated from the Geddes Project to invest in Bitcoin, aligning with a future-focused monetary reserve model [2][7] Group 3: Operational and Financial Strategy - PowerBank will fund Bitcoin purchases through excess cash generated by the Geddes Project after fulfilling capital expenditures, debt service obligations, and operational needs [5] - The timing, size, and frequency of Bitcoin purchases will depend on market conditions, Bitcoin pricing, cash needs, and regulatory factors [5] Group 4: Company Profile - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America, with over 100 MW of completed projects and a development pipeline exceeding 1 GW [6][9] - The company is positioned as a high-growth player in the renewable energy sector, actively assessing the expansion of its Bitcoin treasury strategy across additional solar and battery energy storage projects [6][7]