PowerBank Corporation has announced that its 3.79 MW Geddes Solar Power Project in New York State is now fully operational.
The project marks the official launch of the company’s Bitcoin treasury strategy.
Delivering 3.79 MW of clean energy annually, the Geddes Project produces enough electricity to power around 450 homes each year.
The project was built on a repurposed landfill and is a prime example of how to transform an underutilized site into a productive asset.
Solar Simplified handles all customer-facing activities for PowerBank’s community solar projects, allowing it to dedicate resources to developing and expanding its renewable energy portfolio.
“This is a pivotal moment for PowerBank,” said Dr. Richard Lu, President and CEO, in a statement. “Geddes isn’t just our largest U.S. asset—it’s our launchpad into a bold, dual-track strategy that fuses clean energy leadership with financial innovation. By deploying net cash generated by this project into Bitcoin, we are enhancing the value of our operating assets while aligning ourselves with a future-focused monetary reserve model.”
Net cash flows from the project will be allocated to the acquisition of Bitcoin in order to create a hybrid strategy blending energy generation with strategic digital asset investment.
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