Company Announcements

GRAND CAYMAN, Cayman Islands, July 30, 2025 /CNW/ - xTAO Inc. (TSXV: XTAO.U) (the "Company" or "xTAO"), a publicly traded technology company focused on building infrastructure for Bittensor and its decentralized AI ecosystem, today announced the scale of its current TAO holdings following its public listing on the TSX Venture Exchange.

As of July 30, 2025, xTAO holds a total of 41,538 TAO, an amount that now makes it the world's largest publicly traded holder of the native token of the Bittensor Network, to the Company's knowledge, based on publicly available information. The Company maintains substantial cash reserves, which position it to continue to acquire TAO.

xTAO's treasury will play a central role in both expanding its own validator operations and building out infrastructure for growing the broader Bittensor ecosystem. The Company is actively staking its TAO holdings to the Bittensor root network, earning an annual yield of approximately 10 percent, although such projections are subject to fluctuations in token price, validator performance and various network dynamics.

"The TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue," said xTAO's CEO, Karia Samaroo. "Our goal is simple: build core infrastructure, earn sustainable cash flow, and compound value alongside the Bittensor network."

About xTAO

xTAO is a technology company building infrastructure for the Bittensor ecosystem. xTAO is committed to advancing Bittensor and decentralized AI through building infrastructure and making strategic investments. xTAO is headquartered in the Cayman Islands and is publicly listed on the TSX Venture Exchange under the ticker "XTAO.U." Learn more at www.xtao.co.

On Behalf of the Board of Directors of xTAO Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, Bittensor staking yield and revenue, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

SOURCE xTAO Inc.