Skycorp Solar Group Ignites Growth Drive with Digital Asset Reserve Account Activation and Renewable Energy Expansion

Rhea-AI Summary

Skycorp Solar Group (NASDAQ: PN), a solar PV product manufacturer, has unveiled its "Pegasus Strategy" with two major initiatives. The company has activated its Strategic Digital Asset Reserve Account, initiating cryptocurrency investments with the purchase of 32.76 ETH. Additionally, Skycorp has agreed to acquire solar power stations with 8,705KW capacity for RMB30.5 million ($4.25 million), expected to close by November 2025.

The strategy positions manufacturing as the company's core, with renewable energy and digital assets as its "twin wings" for growth. A newly formed Investment Committee, led by CEO Weiqi Huang, will oversee both initiatives with quarterly updates through earnings communications.

Positive

• Strategic expansion into renewable energy with 8,705KW solar power station acquisition for $4.25 million
• Diversification into digital assets through systematic acquisition of cryptocurrencies
• Formation of Investment Committee for enhanced governance and oversight
• Structured growth framework through the Pegasus Strategy combining core manufacturing with new revenue streams

Negative

• Exposure to volatile cryptocurrency market risks through ETH and planned BTC investments
• Significant capital allocation required for solar power station acquisition
• Integration risks associated with new solar power station assets
• Regulatory uncertainties in both cryptocurrency and renewable energy sectors

Insights

Financial Strategist

Skycorp's dual investment in crypto assets and solar infrastructure represents a high-risk diversification strategy with uncertain returns amid volatile markets.

Skycorp Solar Group is implementing a bold but potentially risky two-pronged growth strategy they've dubbed the "Pegasus Strategy." The first component involves allocating capital to volatile digital assets including Bitcoin, Ethereum, and stablecoins—starting with an initial purchase of 32.76 ETH. This represents a significant departure from traditional solar manufacturing capital allocation and introduces substantial volatility to their balance sheet.

The second growth vector involves a RMB30.5 million ($4.25 million) acquisition of 8,705KW solar power stations, expected to close by November 2025. This renewable energy expansion aligns more closely with their core competencies but still represents a vertical integration move from their traditional manufacturing focus in solar cables and connectors.

This dual approach raises important questions about capital efficiency. By diversifying simultaneously into both cryptocurrency speculation and renewable energy asset ownership, Skycorp is substantially transforming its risk profile and business model. The cryptocurrency investments particularly introduce significant regulatory, volatility, and security risks that are fundamentally different from manufacturing operations. While the renewable energy assets provide more predictable cash flows, the returns on these investments may be lower than what shareholders might expect from reinvestment in their core manufacturing capabilities.

Notably, management has created governance structures including an Investment Committee to oversee these initiatives, but the effectiveness of these controls remains untested, especially in the cryptocurrency space where corporate treasury management has limited precedent.

Ningbo, China, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced two strategic initiatives under the oversight of its newly formed Investment Committee: the activation of its Strategic Digital Asset Reserve Account (the “Account”) and the continued expansion of its renewable power generation portfolio. Both initiatives form the core of the Company’s long-term growth framework, the “Pegasus Strategy.”

Digital Asset Treasury Strategy & Account Activation

The newly activated Account enables Skycorp to commence systematic acquisition of Bitcoin (BTC), Ethereum (ETH), and stablecoins as long-term strategic assets. As part of its capital allocation policy, the Company has adopted a disciplined investment approach in the blockchain economy.

On August 12, 2025, the Company executed its first transaction under this framework, initially acquiring 32.76 ETH under an automated crypto trading bot. In the long term, more ETH will be purchased to diversify the treasury and position the Company to capture opportunities within the digital asset sector. All transactions will be conducted under rigorous compliance, risk management, and regulatory disclosure protocols.

Renewable Energy Expansion

In parallel, Skycorp has executed a definitive agreement to acquire an asset of 8,705KW solar power stations for total consideration of around RMB30.5 million ($4.25 million), with completion expected by the end of November 2025. Upon closing, these assets will be integrated into the Company’s renewable energy operations, strengthening its role in the green energy transition and supporting global decarbonization goals. The closing of the transaction is subject to customary closing conditions.

Investment Committee Governance

The Company’s Investment Committee, chaired by Mr. Weiqi Huang, Chairman and CEO of Skycorp, will oversee both renewable energy acquisitions and digital asset investments. The Committee will provide quarterly updates through earnings communications, ensuring transparency and accountability.

The Pegasus Strategy – Strong Body, Twin Wings

This dual-track expansion is considered by the Company as the “Pegasus Strategy” – the body symbolizing Skycorp’s proven manufacturing strength in solar cables and connectors, and the wings representing its twin growth engines.

“Manufacturing is the backbone of Skycorp, representing its core strength. Through lean production, technological innovation, and supply chain optimization, we continuously reinforce our manufacturing edge to ensure a solid and sustainable foundation for the business,” Mr. Huang stated.

“The left wing, renewable power station investment, is rooted in clean energy, where Skycorp is deepening its expertise in the development and operation of power stations to build a green energy ecosystem that delivers long-term low-carbon value. The right wing, digital assets, reflects forward-looking participation in the blockchain economy, with investments in Ethereum, Bitcoin, and stablecoins under a compliant framework to capture the opportunities of the digital age.”

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand 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. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email: ir@skycorp.com
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

FAQ

What is Skycorp Solar Group's Pegasus Strategy announced in August 2025?

The Pegasus Strategy is Skycorp's growth framework that combines its core manufacturing business with two growth wings: renewable energy investments and digital asset acquisitions. The strategy includes acquiring solar power stations and cryptocurrency investments.

How much is Skycorp (NASDAQ:PN) investing in solar power stations?

Skycorp is investing RMB30.5 million ($4.25 million) to acquire solar power stations with 8,705KW capacity, with completion expected by November 2025.

What cryptocurrencies will Skycorp Solar Group invest in through its Digital Asset Reserve Account?

Skycorp plans to invest in Bitcoin (BTC), Ethereum (ETH), and stablecoins. The company has already purchased 32.76 ETH as its initial investment.

Who oversees Skycorp's investment decisions for the Pegasus Strategy?

The newly formed Investment Committee, chaired by CEO Weiqi Huang, oversees both renewable energy acquisitions and digital asset investments, providing quarterly updates through earnings communications.

When will Skycorp complete its solar power station acquisition?

The solar power station acquisition is expected to be completed by the end of November 2025, subject to customary closing conditions.