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Posted On: 06/03/2025 5:16:49 PM
Post# of 106
NetworkNewsBreaks – SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Integrates Bitcoin into Treasury Strategy to Bolster Clean Energy and Financial Innovation
Disseminated on behalf of SolarBank Corporation
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced plans to incorporate Bitcoin into its treasury strategy, becoming one of the first renewable energy developers to align clean infrastructure with decentralized finance. The company has filed to open an institutional account with Coinbase Prime (NASDAQ: COIN) for secure custody, USDC services, and a self-custodial wallet. The move is designed to hedge against inflation, enhance financial resilience, and attract tech-focused investors while reinforcing SolarBank’s identity as an innovation-driven leader in the energy sector.
The Bitcoin strategy will complement SolarBank’s core focus on solar and battery energy storage, supported by over 1 GW of development projects across North America. Recent deals include $100 million in U.S. solar financing with CIM Group, a $49.5 million deployment partnership with Qcells, a $41 million landfill repurposing initiative with Honeywell, and a $25 million credit facility from RBC. CEO Dr. Richard Lu described the strategy as a natural extension of SolarBank’s mission to combine long-term recurring revenue with future-ready financial tools. No Bitcoin purchases have been made to date, and future transactions will depend on market conditions and operational priorities.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://nnw.fm/SUUN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Disseminated on behalf of SolarBank Corporation
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced plans to incorporate Bitcoin into its treasury strategy, becoming one of the first renewable energy developers to align clean infrastructure with decentralized finance. The company has filed to open an institutional account with Coinbase Prime (NASDAQ: COIN) for secure custody, USDC services, and a self-custodial wallet. The move is designed to hedge against inflation, enhance financial resilience, and attract tech-focused investors while reinforcing SolarBank’s identity as an innovation-driven leader in the energy sector.
The Bitcoin strategy will complement SolarBank’s core focus on solar and battery energy storage, supported by over 1 GW of development projects across North America. Recent deals include $100 million in U.S. solar financing with CIM Group, a $49.5 million deployment partnership with Qcells, a $41 million landfill repurposing initiative with Honeywell, and a $25 million credit facility from RBC. CEO Dr. Richard Lu described the strategy as a natural extension of SolarBank’s mission to combine long-term recurring revenue with future-ready financial tools. No Bitcoin purchases have been made to date, and future transactions will depend on market conditions and operational priorities.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://nnw.fm/SUUN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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