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

Pharos, the next-generation institutional-grade high-performance parallel Layer 1 blockchain, today announced a comprehensive upgrade to its strategic capital partnership with GCL New Energy Holdings Limited (“GCL New Energy”), a listed company on the Hong Kong Stock Exchange (HKEX: 0451.HK). Under the newly signed agreement, GCL New Energy has completed its investment subscription in Pharos at a valuation of nearly USD $1 billion. This not only underscores Pharos’s strong appeal in terms of technological capability and future commercial value but also marks a pivotal shift for the Real-World Assets (RWA) sector—from conceptual validation toward scalable, sustainable commercial deployment.

This collaboration was jointly advanced by both parties. As a HKEX-listed company, GCL New Energy provided a robust compliance framework for the transaction through its rigorous information disclosure standards. Since GCL New Energy’s initial announcement of this transaction on January 8, 2026, over two months have elapsed before the issuance of this supplementary announcement. By market convention, such supplementary disclosures typically reflect a careful balance between the commercial intent of both parties and regulatory requirements. The publication of this supplementary announcement signals that top-tier Web3 infrastructure—represented by Pharos—has successfully translated its intrinsic value into assets comprehensible and quantifiable to traditional financial markets, charting a clear, actionable path for global Web3 projects seeking integration with mainstream capital markets.

GCL New Energy is a leader in intelligent energy solutions and a pioneer in China’s “computing-power-and-electricity-integration” initiative. Last year, it spearheaded pilot programs for RWA tokenization of energy revenue rights and cross-border settlements. Its deep equity investment in Pharos—at a nearly USD $1 billion valuation—is not an insular Web3 industry valuation, but rather a market-driven pricing decision made by a publicly listed company with high market liquidity and deep participation from mainstream institutional investors. This provides solid real-world validation of Pharos’s intrinsic value, dismantling the barrier between virtual assets and tangible economic value—and marking Pharos’s critical entry into mainstream capital markets.

This collaboration heralds a new era of deep integration between on-chain infrastructure and the new-energy industry. At its core lies Pharos’s cutting-edge parallel processing technology, which directly addresses fundamental challenges facing the traditional energy sector—including low asset liquidity and poor data verifiability.

The two parties will collaborate intensively across key use cases: “New-Energy Asset Tokenization,” “Distributed Energy Trading,” and “Carbon-Footprint Tracking”—transforming high-quality physical new-energy assets into freely tradable digital tokens. This is merely the beginning. The successful model forged by Pharos and GCL New Energy will cultivate a new ecosystem powered jointly by real-world industries and on-chain finance. Through intelligent operations and globalized services, it will unlock entirely new dimensions of digital growth for the traditional energy industry.

Wish Wu, Co-Founder and CEO of Pharos, stated: “The upgraded partnership with GCL New Energy is a pivotal milestone in realizing Pharos’s vision. We are not simply closing a transaction—we are co-creating, with an industry leader, a standardized blueprint for deeply embedding Web3 technologies into real-world industries. A nearly USD $1 billion valuation reflects the market’s recognition of our potential; going forward, we will prove—with exceptional technology and a thriving ecosystem—that this is only the beginning.”

Looking ahead, Pharos will empower global developers through its high-performance, EVM-compatible parallel architecture—featuring a testnet throughput exceeding 20,000 TPS and sub-second transaction finality—to collectively unlock the trillion-dollar financial markets driven by RWAs, thereby defining a new standard of productivity for the digital economy era.