TaoWeave, Inc.

TaoWeave, Inc. is a public company focused on the Bittensor ecosystem, a decentralized, open-source protocol that coordinates the development and deployment of artificial intelligence (AI) models. The company's principal asset is TAO, Bittensor's native cryptocurrency, which it accumulates and stakes on the Bittensor network to generate yield in the form of additional TAO tokens. TaoWeave, Inc. aims to provide public-market investors with economic exposure to the Bittensor ecosystem. During the year ended December 31, 2025, TaoWeave, Inc. deployed approximately $8.7 million to acquire approximately 24,128 TAO tokens through purchases executed via BitGo Trust Company, Inc. and the Kraken exchange. As of December 31, 2025, the company held approximately 24,665 TAO tokens, inclusive of approximately 544 TAO earned through staking rewards during the period. All of the company's TAO is staked. Since its private placement financing in June 2025, TaoWeave, Inc. has also been evaluating opportunities to participate more directly in the Bittensor network, including potential investments in or partnerships with teams operating subnets on the platform. During 2025, the company conducted due diligence on a number of subnet projects. TaoWeave, Inc. also operates legacy businesses centered around its patented Mezzanine™ product line and managed services for video collaboration and network solutions. In conjunction with its 2025 Private Placement, the company began transitioning its focus from these legacy operations to the Bittensor ecosystem. Bittensor is a decentralized network, built on a dedicated Layer 1 blockchain called "Subtensor" using the Substrate framework, that creates an open marketplace for AI. The network is organized into independent sub-networks called "subnets," each focused on a specific type of AI task such as text generation, image recognition, or data analysis.