Shares in Tiger Royalties and Investments Plc (AIM: TIR) jumped 37% on Wednesday after the company announced a strong operational update on its recently launched Tiger Alpha Bittensor Subnet.
Acquired on 15 May, the Tiger Subnet is already generating over six TAO per day—the native token of the Bittensor decentralised AI network—equating to more than $2,300 USD in daily revenue and a projected monthly run rate of $70,000 USD.
The Bittensor network operates on a proof-of-stake blockchain, with each subnet functioning as a self-contained, incentivised ecosystem tailored to specific AI services. TAO currently boasts a market capitalisation of approximately $3.4 billion, with daily trading volumes often exceeding $100 million, reflecting growing investor interest in decentralised AI infrastructure.
Tiger also announced a strategic partnership with Tao Alpha PLC (LSE: TAO), which will manage and scale the subnet’s infrastructure. Under the agreement, Tao Alpha will receive 20% of the subnet’s revenue in return for its technical and operational support.
“The early revenue performance from the Tiger Subnet and our partnership with Tao Alpha marks a significant milestone in our expansion into decentralised AI,” the company stated.
The update reinforces Tiger Royalties’ strategy of investing in high-growth, frontier technologies alongside its traditional mining interests.
