Pharos Secures Investment Subscription from GCL New Energy at Nearly $1 Billion Valuation, Driving Deep Collaboration Between Web3 Infrastructure and Energy Industry

Today, the next-generation institutional-grade high-performance parallel Layer 1 public chain, Pharos, announced a comprehensive upgrade of its capital cooperation with Hong Kong-listed company GCL New Energy (0451.HK). According to the latest agreement signed by both parties, GCL New Energy has completed an investment subscription in Pharos at a valuation of nearly $10 billion. This not only demonstrates Pharos's strong appeal in terms of technological prowess and future commercial value but also signifies that the real-world asset (RWA) sector is transitioning from the proof-of-concept stage to scalable and sustainable commercial implementation.

This collaboration is jointly driven by both parties. As a Hong Kong-listed company, GCL New Energy provides a compliance framework for this transaction with its rigorous information disclosure standards. Since GCL New Energy's first announcement of this transaction on January 8, 2026, to this supplementary announcement, over two months have passed. From a market practice perspective, supplementary announcements typically represent a balance between the commercial intent of the transacting parties and regulatory requirements. The disclosure of this supplementary announcement signifies that top-tier Web3 infrastructure, represented by Pharos, has successfully translated its intrinsic value into assets that are understandable and measurable by traditional financial markets. This points a clear and viable direction for how global Web3 projects can integrate with mainstream capital markets.

GCL New Energy has deep expertise in the intelligent energy sector. It is not only a leading domestic enterprise in 'computing-power integration' but also pioneered the tokenization of energy revenue rights as RWAs and cross-border settlement pilots last year. This deep investment by GCL New Energy in Pharos at a valuation of nearly $10 billion is not a closed-loop valuation within the Web3 industry. Instead, it is a market-driven valuation provided by a publicly listed company with high market liquidity and deep participation from mainstream institutional investors. This provides solid real-world endorsement for Pharos's true value, breaks down the barriers between virtual assets and tangible value, and marks a crucial step for Pharos in entering the mainstream capital market.

This collaboration heralds the arrival of a new era of deep integration between on-chain infrastructure and the new energy industry. At its core lies leveraging Pharos's leading parallel processing technology to address fundamental issues plaguing the traditional energy industry, such as poor asset liquidity and low data credibility.

The two parties will engage in in-depth cooperation in core scenarios such as "New Energy Asset Tokenization," "Distributed Energy Trading," and "Carbon Footprint Tracking," transforming high-quality physical new energy assets into freely tradable digital tokens. And this is just the beginning. The successful paradigm established by Pharos and GCL New Energy will build a new ecosystem driven by both the real economy and on-chain finance. Through intelligent operations and globalized services, it will create entirely new digital incremental space for the traditional energy industry.

Wish Wu, Co-founder and CEO of Pharos, stated: "The upgraded cooperation with GCL New Energy is a key step in realizing Pharos's vision. We have not merely completed a transaction; we are co-creating a standard template for deeply integrating Web3 technology into the real economy with an industry giant. The nearly $10 billion valuation partnership is market recognition of our efforts. Moving forward, we will use our exceptional technology and thriving ecosystem to prove that this is just the beginning."

Looking ahead, based on its EVM-compatible high-performance parallel underlying architecture (testnet TPS exceeding 20,000 with sub-second transaction confirmation), Pharos will deeply empower global developers. Together, they will explore the trillion-dollar financial market driven by RWAs and define new productivity standards for the era of the digital economy.