I have found a company from the solar sector $SUNN (-1.06%) which, in addition to its actual activities, is now also entering the $BTC (-0.23%) treasury business. Unlike others, however, net cash flows from the solar projects are to be invested here and no loans taken out for this purpose. Since the announcement was made, the share price has gone up well. Of course, it is still a Canadian penny stock, even though the majority of the projects and earnings are generated in the USA. I find it an interesting approach.
PowerBank Corporation has announced that its largest self-operated asset in the US to date - the 3.79 megawatt Geddes Solar Power Project in New York State - is now fully operational. The company is actively exploring the expansion of this bitcoin treasury strategy to additional solar and battery storage projects within its Independent Power Producer (IPP) portfolio. Built on a repurposed landfill site, the Geddes project is now delivering 3.79MW of clean, renewable energy - enough to power around 450 homes annually - transforming a previously underutilized site into a productive location.
The net cash flows from the project will be used to purchase Bitcoin at management's discretion. The company is thus pursuing a hybrid strategy that combines energy generation with targeted investments in digital assets. Capacity: 3.79 MW DC; Type: Utility-scale, ground-mounted solar power plant; Location: Former landfill in Geddes, New York; Offtake: Local power grid, to meet the community's energy needs; Impact: Powering approximately 450 homes per year. Solar Simplified handles all customer-related activities for PowerBank's community solar projects, allowing the company to focus on developing and growing its renewable energy portfolio.
Thank you my dear, Because the value seems to be picking up now. Did you become aware of it through @Multibagger? I think it's a speculative stock, which is why I love Community and have a small position. Solar or PowerBank seems to be taking off and should perhaps be put on the watch. The profit will increase from CAD 5.75m to CAD 24.54m. The KUV is 2.15.
I'm already invested, of course. Let's see how it develops. There are still 2 months to go before the first results. Or rather, until the next earnings. But in my opinion, you can't go wrong at the current level.
@Bunauster If the 15 men can get something like this off the ground, it's a great thing. If they hire another 15 people, the return is already doubled - what more could you want?
