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.
To view the full press release, visit https://ibn.fm/mknw2
About SolarBank Corporation
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company’s website at SolarBankCorp.com. This report contains forward looking information. Please refer to https://ibn.fm/RUFtZ https://ibn.fm/FaZGm for additional details.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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