xTAO Provides Update on TAO Holdings

GRAND CAYMAN, Cayman Islands, Nov. 26, 2025 /CNW/ - – xTAO Inc. (TSXV: XTAO.U) (OTC: XTAIF) (the "Company" or "xTAO"), a publicly traded technology company focused on building infrastructure for Bittensor and its decentralized AI ecosystem, today announced the scale of its current TAO holdings following completion of the previously announced private placement by Off the Chain Capital.

As of November 25, 2025, xTAO holds a total of 59,962 TAO, an amount that now makes it the world's largest publicly traded holder of the native token of the Bittensor Network, to the Company's knowledge, based on publicly available information. The Company maintains substantial cash reserves, which position it to continue to acquire TAO.

xTAO's treasury will continue to play a central role in both expanding its own validator operations and building out infrastructure for growing the broader Bittensor ecosystem. The Company is actively staking its TAO holdings to the Bittensor root network, earning an annual yield of approximately 10 percent, although such projections are subject to fluctuations in token price, validator performance and various network dynamics. xTAO's validator continues to be one of the top performing validator on the Bittensor network.

About xTAO

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." Learn more at www.xtao.co.

On Behalf of the Board of Directors of xTAO Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects" or "does not expect", "is expect", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", or variations of such words and phrases) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the completion of the Offering, receipt of all required regulatory approvals, including the approval of the TSXV, Bittensor staking yield and revenue; the evolving cryptocurrency regulatory requirements and the impact on the Company's business plan; xTAO value risk; reliance on key personnel; lack of operating history; competitive conditions; de-banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the common shares of the Company; market price of the common shares of the Company; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Company's business; risk of litigation; pandemics or other health crises; acquisitions and integration; dividend policy; xTAO price volatility; custodial risks; technological vulnerabilities; short history risk; limited history of the xTAO market; potential decrease in the global demand for xTAO; economic and political factors; security breaches; the requirements that accompany being a publicly traded company may put a strain on the Company's resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; liquidity risk; leverage risk; and share price fluctuations.

Although management of the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements or information, whether as a result of new information, change in management's estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

SOURCE xTAO Inc.