Dedicated Bittensor Subnet secured

Tiger Royalties and Investments Plc (AIM: TIG), an investment vehicle focused on incubating technology and mining projects, is pleased to announce that it has acquired a dedicated subnet (the "Tiger Subnet") on the Bittensor network, a proof-of-stake blockchain.

In Bittensor, a subnet is a self-contained, incentivised ecosystem built on top of the Bittensor network, with each subnet defining a unique purpose and incentive mechanism for miners and validators. Every Bittensor subnet issues its own "alpha" (a) token, with the Tiger Subnet's alpha being known as Tiger Alpha.

This latest milestone represents Tiger's second strategic move in the decentralised AI sector, following yesterday's announcement confirming the completion of its £250,000 equity investment in Tao Strategies Singapore, a dedicated operator of miner and validator nodes and subnodes on the Bittensor network.

Currently, TAO, the native cryptocurrency of the Bittensor network, maintains a market capitalisation of c.USD$3.3 billion, with a daily turnover of often over USD$100 million, highlighting the scale of the opportunity in the Company acquiring its own subnet. Paired with the completion of its investment in Tao Strategies, Tiger is further strengthening its position within the Bittensor ecosystem and widening the foundation for its previously announced wider TAO Strategy.

• Built-in scarcity: Each alpha currency has a limit of 21 million tokens, mirroring TAO's fixed supply and following its own halving schedule.
• Demand-driven price discovery: Alpha is purchased by swapping TAO into the subnet's reserve; the TAO/alpha ratio sets the live price, creating an automated market-maker for the subnet.
• Staking and security: Validators and miners stake Tiger Alpha to earn emissions and transaction fees, making the token integral to subnet governance and performance.
• Dual-revenue potential: Tiger earns (i) TAO block rewards and (ii) a share of Tiger Alpha emissions and trading fees.

Jonathan Bixby, Chief Executive Officer of Tiger commented: "Following yesterday's announcement of successfully completing our investment in Tao Strategies, buying a Bittensor subnet is another significant milestone for Tiger.

"Purchasing a subnet today is like purchasing a building on Fifth Avenue before Manhattan was built up. They are scarce, income-generating assets at the very heart of Bittensor's data economy. Controlling the Tiger Subnet lets us capture protocol fees, earn TAO rewards and steer compute power toward high-value AI services."

GLOSSARY:

"Bittensor Subnet" self-contained incentivised ecosystem built on top of the Bittensor network

"Nodes" participants in the Bittensor network

"Miners" producers of digital commodities

"Validator Nodes" evaluators of the quality of work of the miners

"Subnodes" supporters of the main nodes

About Tao Strategies Singapore

About Tiger Royalties and Investments Plc