Yes. Newshosting logs IP addresses and connection timestamps (for troubleshooting), and it also monitors bandwidth usage (the Lite plan limits how much data you can use, so Newshosting monitors bandwidth usage for Lite users). But Newshosting doesn’t monitor what files you download and the newsgroups you post to.
If you want to hide your IP address when using Newshosting, you can use a VPN with a strict no-logs policy. Newshosting offers PrivadoVPN as an additional cost with the Lite and Unlimited plans, and for free with the XL Powerpack plan. While Privado has a no-logs policy, it hasn’t been independently audited and verified (like top VPNs such as ExpressVPN and TunnelBear).