Distributed computing has been widely applied in distributed edge networks for reducing the processing burden of high-dimensional data centralization, where a high-dimensional computational task is decomposed into multiple low-dimensional collaborative processing tasks or multiple edge nodes use distributed data to train a global model. However, the computing power of a single-edge node is limited, and collaborative computing will cause information leakage and excessive communication overhead. In this paper, we design a parallel collaborative distributed alternating direction method of multipliers (ADMM) and propose a three-phase parallel collaborative ADMM privacy computing (3P-ADMM-PC2) algorithm for distributed computing in edge networks, where the Paillier homomorphic encryption is utilized to protect data privacy during interactions. Especially, a quantization method is introduced, which maps the real numbers to a positive integer interval without affecting the homomorphic operations. To address the architectural mismatch between large- integer and Graphics Processing Unit (GPU) computing, we transform high-bitwidth computations into low-bitwidth matrix and vector operations. Thus the GPU can be utilized to implement parallel encryption and decryption computations with long keys. Finally, a GPU-accelerated 3P-ADMM-PC2 is proposed to optimize the collaborative computing tasks. Meanwhile, large-scale computational tasks are conducted in network topologies with varying numbers of edge nodes. Experimental results demonstrate that the proposed 3P-ADMM-PC2 has excellent mean square error performance, which is close to that of distributed ADMM without privacy-preserving. Compared to centralized ADMM and distributed ADMM implemented with Central Processing Unit (CPU) computation, the proposed scheme demonstrates a significant speedup ratio.