Solar energy project by PowerBank, Geddes Solar Project with a capacity of 3.79 MW, officially activated; energy to now support new Bitcoin Treasury strategy.
PowerBank Corporation Announces Bitcoin Treasury Strategy with Geddes Solar Project
PowerBank Corporation, an independent renewable and clean energy project developer, has announced its entry into the digital asset market with a Bitcoin treasury strategy. The strategy is still in its early stages, with no Bitcoin purchases made yet, but it is set to be funded by the net cash flows generated from the company's high-performing assets, such as the recently operational 3.79 MW Geddes Solar Power Project in New York State.
The Geddes project, built on a repurposed landfill, delivers 3.79 MW of clean, renewable energy, enough to power approximately 450 homes annually. PowerBank plans to use the net cash generated by the Geddes project, after covering operational expenses, capital expenditures, and debt obligations, to acquire Bitcoin as a long-term digital reserve asset. This hybrid approach aims to blend renewable energy generation with financial diversification, leveraging Bitcoin’s potential for asymmetric upside and non-correlation with traditional markets.
PowerBank is finalizing its custody and security frameworks to support future Bitcoin transactions. The company views the Geddes Solar Project as the first of several assets that could support this digital asset reserve model. This strategy represents a hybrid model of energy and financial innovation, reflecting broader corporate interest in combining stable renewable energy cash flows with Bitcoin treasury holdings to enhance financial flexibility and long-term value.
The Bitcoin strategy aims to enhance the value of operating assets and align with a future-focused monetary reserve model. PowerBank maximizes returns via a diverse portfolio of projects across multiple leading North America markets. As of now, the company has over 100 MW of completed projects and a 1+ GW development pipeline.
However, the company faces a number of risks, including those listed under 'forward-looking statements' and 'risk factors' in its Annual Information Form and other public filings. These risks include obtaining necessary regulatory approvals, general business and economic conditions, the company's ability to successfully execute its plans, availability of financing on reasonable terms, market competition, and government subsidies for renewable energy.
Investors should not place undue reliance on these forward-looking statements as the actual results may differ materially from those expressed in such statements. The forward-looking statements speak only as of the date of this news release. These statements are expressly qualified in their entirety by this cautionary statement. The Company undertakes no obligation to update or revise any forward-looking statements, except as may be required by law.
[1] PowerBank Corporation Press Release, July 2025 [2] Renewable Energy World, July 2025 [3] Clean Energy News, July 2025 [4] Bitcoin Magazine, July 2025 [5] Solar Power World, July 2025
- PowerBank Corporation's Bitcoin treasury strategy, designed to blend renewable energy generation with financial diversification, involves using the net cash generated by high-performing assets, such as the Geddes Solar Power Project, to acquire Bitcoin as a long-term digital reserve asset.
- The cryptocurrency industry is attracting renewable energy companies like PowerBank, as they aim to leverage Bitcoin’s potential for asymmetric upside and non-correlation with traditional markets.
- PowerBank's business strategy represents a hybrid model of energy and financial innovation, utilizing blockchain technology through Bitcoin holdings to enhance financial flexibility and long-term value.
- This move marks the entry of PowerBank Corporation into the altcoin industry, as the company plans to use its net cash flows to acquire Bitcoin as a digital reserve asset, diversifying its investment portfolio beyond the traditional finance world.
