Ningbo, China, July 22, 2025 — Skycorp Solar Group Limited (NASDAQ: PN), a manufacturer and seller of solar cables and connectors, announced today that it will begin accepting cryptocurrency for international payments, starting August 1, 2025. The company will support major digital currencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDC and USDT.
As part of its long-term digital asset treasury management, the company plans to allocate a portion of its cash reserves and returns from renewable energy projects to strategic Ethereum (ETH) acquisitions.
“By combining green energy, AI, and ETH-based blockchain solutions, the company is innovating for a sustainable future,” said Weiqi Huang, Chairman and CEO. “The recent GENIUS Act provides the necessary regulatory foundation for stablecoins, fostering trust and stability for the seamless adoption of digital payments. We believe that investments in clean energy infrastructure and ETH staking align with long-term growth opportunities.”
To maintain the highest standards of regulatory compliance and transaction security, all digital currency payments will be processed through licensed RWS providers specializing in blockchain forensics. These transactions will fully comply with regulations set by the Monetary Authority of Singapore (MAS) and the Financial Action Task Force (FATF).
The company is dedicated to providing innovative, secure, and sustainable energy solutions while embracing technologies that enhance operational excellence and global access.
About Skycorp Solar Group Limited
Skycorp Solar Group Limited is a provider of solar photovoltaic (PV) products, specializing in the manufacture and sale of solar cables and connectors. Our operations are managed through subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.
The company aims to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. Leveraging its expertise in solar technologies and relationships with global clients, it seeks to expand its offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/.
Forward-Looking Statement
This press release contains forward-looking statements regarding plans, objectives, goals, strategies, future events, or performance, and underlying assumptions. The use of words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “plan,” or similar expressions indicates forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from expectations. These statements are subject to uncertainties and risks, including those discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned not to place undue reliance on forward-looking statements. Additional factors are discussed in the company’s filings with the SEC, available at www.sec.gov. The company does not undertake any obligation to revise these statements to reflect events or circumstances after the date of this release.
For more information, please contact:
Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email:
Tel: +86 185 0252 9641 (CN)
WFS Investor Relations Inc.
Connie Kang
Partner
Email:
Tel: +86 1381 185 7742 (CN)
