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Associated Press
3 days ago
- Business
- Associated Press
IBN Coverage: SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Adopts Bitcoin Treasury Strategy
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - June 3, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank's core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs. To view the full press release, visit 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 This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected] View the original release on
Globe and Mail
3 days ago
- Business
- Globe and Mail
SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Adopts Bitcoin Treasury Strategy
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank's core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs. To view the full press release, visit 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 This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Los Angeles Times
21-05-2025
- Business
- Los Angeles Times
Matthew Borstein Named Managing Director and Co-Head of Credit for CIM Group
CIM to Expand Credit Team and Platform Los Angeles-based CIM Group has announced that Matthew Borstein, an experienced leader in the real estate credit industry, has joined the company as managing director, co-head of credit in a continued expansion of the firm's credit team and platform. Borstein has more than 25 years of experience across real estate investments, loans, securities and hard assets with expertise in building and leading global credit platforms. 'I am thrilled to join CIM Group at this pivotal moment in the real estate credit space,' said Borstein. 'What sets CIM apart is its vertically integrated platform, its distinctive vantage point and the world-class caliber of its team with a strong commitment to growth. Together, I look forward to expanding our client relationships and helping scale the business to meet the needs of our partners.' At CIM Group, Borstein will play an integral role in the firm's growing credit platform. He will work alongside Daniel Ottensoser, managing director and co-head of credit, to lead capital deployment strategies across CIM's funds and accounts, ensuring alignment with market conditions and the firm's broader vision, in addition to advising on key asset management decisions and team development. 'Matt is an outstanding addition to our team, and I'm excited to partner with him as co-head of credit. He is a highly respected leader, and I welcome this opportunity to work with him to continue strengthening our platform,' said Ottensoser. Before joining CIM Group, Borstein served as partner and portfolio manager at Oak Hill Advisors, where he started and led its dedicated commercial real estate business. Borstein previously served as the global head of commercial real estate at Deutsche Bank, where he successfully built and led a global platform overseeing Deutsche Bank's commercial real estate debt origination, the expansion of its balance sheet lending portfolio, its top-tier CMBS business, the Special Situations Group, and commercial real estate repurchase and warehouse facilities. Earlier in his career, Borstein held positions at Wachovia, Nomura, and Credit Suisse First Boston. 'Alongside our real estate and infrastructure platforms, CIM's credit platform has been an integral area of growth. We have profound respect for Matt. He has exceptional expertise, longstanding relationships and strategic vision, and we are proud to welcome him to CIM Group,' said Avi Shemesh, co-founder and principal, CIM Group. Information was sourced from Businesswire. To learn more, contact bill@
Globe and Mail
21-05-2025
- Business
- Globe and Mail
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) CEO Discusses Business Mode on GotStocks Podcast
Disseminated on behalf of SolarBank Corporation CEO Dr. Richard Lu discussed SolarBank's vertically integrated business model on a recent GotStocks podcast. SolarBank is an expanding developer, builder, operator, and owner of clean energy projects across North America, maintaining a $184 million portfolio of assets generating recurring revenue. The company's flexible supply chain strategy helps mitigate any tariff risks while reducing costs. Going forward, a recently announced up to $100 million transaction with CIM Group is set to fund up to 97 MW of U.S. community solar projects. Dr. Richard Lu, CEO of SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., offered insights into the company's operations, strategy, and unique competitive position during a recent interview on IBN's GotStocks podcast ( The conversation centered on SolarBank's dual role as both a developer and long-term owner of solar energy assets, an approach that differentiates the firm in a competitive market. 'SolarBank is both a developer and an independent power producer,' Lu said. The company identifies suitable sites, secures permits, engages utilities, and finances projects. 'As a developer, we secure sites for clean and renewable energy project development. We bring the projects to the attention of local… Read More>> For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Globe and Mail
19-05-2025
- Business
- Globe and Mail
SolarBank (NASDAQ: SUUN) (CSE: SUNN) Reports Q3 Results; Eyes Long-Term Gains with $100M Project Financing
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) posted fiscal Q3 results for the period ended March 31, 2025, showing year-to-date revenue of C$29.1 million versus C$50.4 million a year earlier, reflecting a shift toward long-term asset ownership over short-term EPC sales. The company reported a net loss of C$9 million compared to net income of C$5.5 million last year, driven by higher costs and reduced EPC activity. SolarBank highlighted a 395% increase in assets to C$194 million following the Solar Flow-Through Funds acquisition and secured a mandate letter with CIM Group for up to US$100 million in project financing for a 97 MW solar portfolio in the U.S., reinforcing its strategy to grow its independent power producer platform. To view the full press release, visit 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 For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
