Corporate Update: Tiger Beta Subnet Exit
Tiger Alpha PLC has announced the deregistration and value realisation of its Tiger Beta subnet investment within the Bittensor network. The company acquired the subnet in June 2025 for $25,000 (60 TAO), and following its removal from the network, all alpha tokens were converted back to TAO. This process resulted in the Company receiving approximately 679 TAO, valued at approximately $124,257 based on a price of $183 per TAO.
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The Board announces the deregistration and value realisation of the Company's Tiger Beta subnet investment within the Bittensor network.
In June 2025, the Company acquired for $25,000 (60 TAO) its second dedicated subnet ("Tiger Beta") but given the return and the current crypto market, the subnet has now been degistered by the operators of the Bittensor network.
Deregistration is the process whereby if a subnet is removed, all alpha tokens are converted back to TAO, the native cryptocurrency of the Bittensor network, and given to the owners of the subnet. As a result of this process, the Company has received approximately 679 TAO valued at approximately $183 per TAO or $124,257 based upon Bittensor taostats.
A copy of this announcement is available at the Company's website www.tigerinvests.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.