New Risk • Jun 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Share price has been highly volatile over the past 3 months (28% average weekly change). Revenue is less than US$1m (US$196k revenue). Market cap is less than US$10m (US$7.42m market cap). New Risk • Jun 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.42m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue is less than US$1m (US$196k revenue). Market cap is less than US$10m (US$9.42m market cap). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Announcement • Jun 10
xTAO Inc. Updates Validator to Support Bittensor Network Expansion xTAO Inc. announced it has completed updates to its validator to support a major expansion of the Bittensor network. Following the network's recent upgrades, xTAO completed significant updates to its validator, in order to operate across the larger network and continue to run one of Bittensor's top validators. In May 2026, the Opentensor Foundation deployed the Robin t upgrade, doubling the number of available subnets on Bittensor from 128 to 256. xTAO has updated its validator to evaluate the larger set of subnets, so it can keep scoring and supporting activity across the network as it grows. The network also adjusted how rewards are shared, directing a greater share of TAO to the best-performing subnets. This rewards subnets that deliver real value and puts more pressure on those that don't. At the same time, a new Conviction Locks feature went live, letting subnet owners lock up their stake for set periods to show long-term commitment. Together, these changes push the network toward higher quality and stronger alignment between subnet operators and their communities. By maintaining a well-resourced, actively managed validator through these network upgrades, the Company positions its operations to support the network's growth and to remain a reliable steward of network integrity for its delegators and the broader ecosystem. 
