Blockchain Press Releases
Colt DCS Launches New ESG Strategy Report
Colt DCS has announced its new ESG strategy in the 2022 Sustainability Highlights report across three strategic focus areas: Decarbonisation, Connecting People and Safeguarding the Company.
LONDON, June 27, 2023 /PRNewswire/ — Colt Data Centre Services (DCS), a global provider of hyperscale and large enterprise data centre solutions, has today published its latest Sustainability Highlight report covering the period of January 1st to December 31st, 2022. Launched as Colt DCS’ highlights report , the report focuses on the three strategic areas of decarbonising the business, connecting people, and safeguarding the company’s operations. Colt DCS has achieved a remarkable 52% reduction in Scope 1 and Scope 2 (market-based) emissions and a 28% reduction in Scope 3 emissions (compared to 2019). These significant reductions highlight the extend of the company’s sustainable practices as an industry-leading data centre provider.
Some of the other key highlights from the Sustainability report include:
- A 30% reduction in emissions across all Scopes compared to 2019
- Achieved an impressive global Net Promoter Score (NPS) of 72
- Procured 100% renewable energy in all European data centre sites
Colt DCS has been working diligently to achieve its ambitious sustainability targets, as part of its ongoing commitment to minimise environmental impact, promoting social responsibility and driving positive change within the global data centre industry. Sustainability is deeply ingrained within the company, with all stakeholders working tirelessly towards the business’ shared ESG goals. Colt DCS’ commitment to continuous improvement remains unwavering as they strive to advance and evolve their ESG strategy in the coming years.
The 2022 Sustainability Highlights report showcases the company’s significant achievements in the areas of Environmental, Social and Governance (ESG) for 2022. It highlights Colt DCS’ commitment to reaching Net Zero by 2045. EcoVadis partnership and a top 1% sustainability rating, Colt DCS continues to set data centre industry standards in its ESG practices. The 2022 Sustainability Highlights report was prepared in conjunction with the Colt Group, which comprises Colt Data Centre Services and Colt Technology Services.
Decarbonisation has been a primary focus for Colt DCS, and one of the key pillars in our ESG strategy. Its sustainability targets have been approved by the Science-based Targets initiative (SBTi) in alignment with the latest Net Zero Standard. Colt DCS has successfully reduced its carbon footprint by 30% compared to the 2019 baseline, amounting to an estimated 186,487 tonnes of CO2e (Carbon dioxide equivalent). This reduction has been aided by the use of 100% renewable energy across its UK and European data centres, all of which are 100% carrier-neutral sites, engaging suppliers more effectively and implementing innovative cooling technologies. Moreover, Colt DCS ensures that its new data centres, such as their ongoing expansion in Paris, adhere to the environmental requirements set down in the Global Reference Design Document.
Colt DCS’ ESG strategy goes beyond environmental sustainability and includes a strong focus on social engagement. The company recognises the importance stakeholder engagement across its value chain, including customers, suppliers, local communities and employees, with the aim of making a lasting positive impact in the regions it operates in. Colt DCS encourages employee engagement and has established partnerships with local charities, forming employee-led CSR teams to identify fundraising initiatives and volunteering opportunities. Local communities serve as contributors of Colt DCS’ workforce, such as local contractors and local service providers who aid in the construction of the company’s data centres.
The company recognises the importance of effective governance in achieving its goals for inclusion. During the pandemic, Colt DCS introduced designated Wellbeing Days, prioritising the mental and physical health of its workforce. The company’s efforts saw 78% engagement with its People Matter survey, with the results highlighting strengths under Diversity & Inclusion, Customer Focus, Empowerment, Sustainable Engagement and Well-being & Stress.
Colt DCS is striving to create an inclusive culture that values diversity of thought and representative of the communities it operates in. In addition to fostering an inclusive working culture made up of diverse representation, the company is committing to implementing equitable business practices that enhance the employee experience. Moving forward, Colt DCS remains dedicated to investing in employee development and strengthening its partnerships with suppliers and customers to foster an inclusive and sustainable future.
In addition to prioritising stakeholder engagement, Colt DCS delivers exceptional client service across its data centre portfolio. In 2022, the company achieved an impressive global Net Promoter Score (NPS) of 72 across all customers in Europe and Asia, which is a testament to its goal of becoming the most trusted and customer-centric operator in the industry.
Niclas Sanfridsson, CEO at Colt Data Centre Services, said: “We have made impressive strides towards achieving our sustainability goals and I would like to express my sincere gratitude to our employees, customers and shareholders for their unwavering support.” Sanfridsson added that: “Colt DCS has demonstrated remarkable dedication in delivering its sustainable hyperscale strategy while upholding its vision of being the most trusted and customer-centric data centre operator.”
About Colt DCS
Colt DCS provides true service and operational excellence in the sustainable design, build, delivery and operational management of hyperscale data centres across Europe and APAC. We provide data centre solutions to hyperscale and large enterprise customers across 16 state-of-the –art-carrier neutral data centres spanning 8 cities.
Our hyperscale and colocation solutions allow our customers freedom to plan effectively for the growth of their business, knowing that their data centre strategy is ready for the demands of tomorrow.
We have over 25 years of experience in the industry, delivering on our vision of being the most trusted and customer centric data center operator in the market. We put environmental awareness at the heart of everything we do because we know it’s the right thing to do for our planet. That’s why we’re taking the ownership to reduce our environmental impact globally and make sustainability a key strategic driver
As part of our sustainability journey, Colt DCS has set comprehensive near- and long- term Science Based Targets to cut our emissions in line with the SBTi’s latest Net Zero Standard.
https://www.coltdatacentres.net
About the Colt Group Sustainability Report 2022
The Colt Sustainability Report covers the period 1 January to 31 December 2022, unless otherwise stated. The report includes sustainability performance data across the ESG material issues identified and prioritised as part of the materiality assessment conducted in 2021. The report covers all entities under Colt Group Holdings Limited (“Colt Group”). Colt Group developed this report in accordance with the Global Reporting Initiative (GRI) Standards. To locate the disclosures, a separate annex of the Report with the GRI index is available to download. The British Standards Institution, BSI Group, has provided assurance on selected key performance indicators. More information can be found in the annex 9.3. External Assurance statement by BSI. For more information about Colt Data Centre Services (DCS), please consult our 2022 Sustainability Highlights Report.
https://www.coltdatacentres.net/en-GB/sustainability/sustainability-matters
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Blockchain Press Releases
GRVT Launches Biggest Ever Trading Competition for Retail Traders, Offering Up to 175,000 USDT in Prizes
SINGAPORE, May 7, 2025 /PRNewswire/ — GRVT (pronounced “gravity”), the world’s first licensed onchain exchange – is excited to announce its largest trading competition to date, running from May 7 to June 5, 2025. The competition offers retail traders the chance to win a share of up to 175,000 USDT and 85 million Trader Points.
The event is open to all KYC-verified GRVT users and features a volume-based rewards system with nine reward bands and 15 prize levels. Participants will be rewarded based on their total trading volume during the competition period. The total reward pool will expand as the overall trading volume increases.
Early participants can also take advantage of special bonus rewards, and lucky traders will receive exclusive GRVT-branded merchandise.
Hong Yea, co-founder and CEO of GRVT, commented, “This trading competition marks the biggest event for our retail traders since our Mainnet launch at the end of last year. I am incredibly proud of what the team has delivered since Mainnet, and I’m grateful for the enthusiasm and support from our global community. We are committed to continuous improvement and look forward to bringing even more exciting opportunities to our users.”
For full details about the GRVT Trading Competition, including the complete rules and reward structure, please visit: https://help.grvt.io/en/articles/11168184-grvt-trading-rush
Disclaimer: Perpetuals trading of cryptocurrencies is subject to high market risk and price volatility and you may be called upon at short notice to commit further margin deposits or risk being liquidated. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
About GRVT
GRVT (pronounced “gravity”) is a blockchain-based platform that is democratizing how wealth is created and shared. It allows everyday people to trade, invest, and grow their wealth by providing direct access to top industry traders and investors. As the world’s first licensed onchaindecentralized exchange, GRVT is where traditional banking meets decentralized innovation on one regulated, compliant, trustless financial market place.
GRVT official website: https://grvt.io/
For media inquiries, contact: [email protected]
Social and Community: X | LinkedIn | Telegram | Discord
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Blockchain Press Releases
Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption
HONG KONG, May 7, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet today. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets.
The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain performance. Its GPU-like architecture could support billions of users and reduce storage usage by 80%. The network also features built-in support for decentralized AI and privacy preserving SPN. With ZK-based KYC/AML capabilities, Pharos ensures enterprise-ready security and compliance. It remains fully EVM-compatible, offering faster and cheaper transactions, while enabling flexible, on-chain innovation.
Pharos’s product stack directly addresses the core bottlenecks in RWA adoption—scalability, compliance, and flexibility—unlocking new use cases across sectors such as renewable energy industry finance, payment, supply chain finance, and tokenized real estate. Its modular, high-throughput infrastructure enables secure deployment of RWA at scale, while meeting the regulatory and performance demands of the financial industry.
A growing ecosystem is already emerging on the Pharos Testnet, enabling innovative Defi use cases for RWAs. As an early collaborator of Pharos, OKX Wallet will support Pharos Testnet natively at launch. Early Pharos ecosystem projects include Zenith Swap, ELFi, Buzzing Club, Nextmate.AI, Faroswap, R2, OpenFi, Hemera, Blocksense, Supra, and more.
Founded by former AntChain and Alibaba blockchain leaders, the Pharos team brings deep enterprise experience, uniquely positioning it to deliver enterprise-grade solutions for institutions exploring green finance, payments, and new forms of programmable ownership and asset tokenization.
“The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meet the needs of bringing real world assets on a chain and bringing utilities to these assets.” said Alex Zhang, CEO of Pharos Network. “We’re excited to watch innovation flourish on Pharos and accelerate the convergence of traditional finance and decentralized technology.
Developers and users can access and experience the Testnet by visiting testnet.pharosnetwork.xyz.
About Pharos
Pharos Network is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. Founded by ex-blockchain leaders from Ant Financial and Alibaba, Pharos aims to build the best chain for RWAs and enterprise-grade DeFi, achieving the highest EVM Layer-1 performance with 50K TPS and being the first to reach 2 gigagas/sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the core development team of DTVM technology. For more information, please visit https://pharosnetwork.xyz.
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Blockchain Press Releases
Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift
SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.
In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.
Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.
“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
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