Tiger Royalties shares leap 55% on strong crypto earnings from Bittensor subnet
Last updated: 05:00 18 Jun 2025 EDT, First published: 04:51 18 Jun 2025 EDT
Tiger Royalties and Investments (AIM: TIR) jumped 55% on Wednesday after revealing that its newly acquired Tiger Alpha Bittensor Subnet is generating nearly $70,000 in monthly revenue, just a month after going live.
The subnet, a revenue-generating node on the decentralised Bittensor blockchain, is producing over six TAO per day, worth more than $2,300 at current prices.
TAO is the native cryptocurrency of Bittensor, a blockchain network designed to support artificial intelligence applications through decentralised incentives.
Tiger bought into the subnet on 15 May, and the early returns suggest a rapid payback.
The Bittensor network, with a market cap of around $3.4 billion and daily volumes of over $100 million, is increasingly seen as a key player in the decentralised AI space.
Tiger has also struck a partnership with Tao Alpha, which will run the infrastructure and take a 20% cut of the subnet's earnings, helping the company scale the opportunity further.
The shares rose 0.09p to 0.26p.
