Mr. Karia Samaroo reports

XTAO UPDATES VALIDATOR TO SUPPORT BITTENSOR NETWORK EXPANSION

XTAO Inc. 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 tau upgrade, doubling the number of available subnets on Bittensor from 128 to 256. This significantly expands the network's capacity for new AI (artificial intelligence) projects. 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 do not. 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.

XTAO views these developments as validation of its long-term thesis: that Bittensor is building the definitive infrastructure layer for decentralized AI. 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.

About XTAO Inc.

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.

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