From Yahoo Finance: 2025-06-05 23:31:00

SolarBank Corporation (NASDAQ:SUUN) is implementing a Bitcoin treasury strategy, using proceeds from the Geddes Solar Power Project for Bitcoin purchases. This aligns the company with other renewable energy firms embracing a Bitcoin-focused approach. The Geddes Project is a 3.79 MW solar initiative contributing to SolarBank’s 1+ GW pipeline and expected to be operational by June 2025.

Dr. Richard Lu, President & CEO of SolarBank Corporation (NASDAQ:SUUN), stated that the Bitcoin treasury strategy at Geddes is a significant step for the company, combining renewable energy revenue with digital assets. This approach supports grid decarbonization and distributed energy resources expansion. SolarBank focuses on developing and owning renewable and clean energy projects, particularly distributed and community solar initiatives in Canada and the United States.



Read more at Yahoo Finance: SolarBank to Use Geddes Project Proceeds for Bitcoin Purchases