Pharos Foundation’s Strategic 10.71% Stake in GCL Sparks Revolutionary Integration of Blockchain and Solar Energy Assets

BitcoinWorld Pharos Foundation’s Strategic 10.71% Stake in GCL Sparks Revolutionary Integration of Blockchain and Solar Energy Assets In a landmark move bridging blockchain innovation with renewable energy infrastructure, the Pharos Foundation has secured a significant 10.71% stake in Hong Kong-listed GCL New Energy Holdings. This strategic investment, valued at approximately $34.2 million, represents a pivotal step toward tokenizing real-world energy data on a public blockchain. The collaboration, announced in Hong Kong this week, aims to transform how solar power generation data is verified and utilized within the global financial system. Pharos Foundation’s Strategic Acquisition of GCL Stake The Pharos Foundation executed a share subscription agreement with GCL New Energy Holdings, resulting in the issuance of 186.5 million new shares. Consequently, this transaction grants Pharos a substantial minority position in the Bermuda-based energy company. The newly issued shares represent 12% of GCL’s existing share capital. Furthermore, the deal values these shares...

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