Member Info for Lokbarith

Not sure - there was a correction in the last RNS:

"Further to the 'Completion of Fundraising and PDMR Holdings' announcement released earlier today, it was stated that 5,000,000,000 new ordinary shares would be issued. However, as announced on 27 June 2025, the Company has already issued 90,726,389 Subscription Shares as part of the Fundraising.

Accordingly, the Company will now issue the remaining 4,909,273,611 new ordinary shares pursuant to the Placing and Subscriptions.

All other details remain unchanged. Defined terms used but not defined in this announcement have the meanings set out in the announcement released by the Company on 27 June 2025 and 30 June 2025."

My understanding is that since the shares aren't added to the main market yet, they wouldn't be included in the total shown on their website or in the significant shareholders section yet.

Strange, no ability to buy any shares at current price 0.18

That is true, I suppose if enough traction appears to hit some of the scanners and top gainers that’ll pull a few in as well.

Lets hope and see!

We don’t have the volume for that sort of movement unless some catalyst news comes out, that would be why.

It would be nice, but unlikely to happen sadly.

I've just upped my stake in the subnet to 0.61 of a Tao (Current pricing) - I'll update tomorrow around this time with the earnings in a one day period. I'm interested to know what their overall plan and expectations are but obviously its a bit of breaking ground territory.

Aye, we have the filter options to get rid of people we don't want to listen to.

I don't use it, I think every input can be valued and I enjoy the engagement, even though I disagree with James on some points (Mostly about how the emissions work) I can't help but enjoy his Enthusiasm and ideas of where this could go!

Post what you like, ignore what you don't, it's a discussion forum for a reason - We can debate the stock and how we think it works without censoring or shutting each down!

I have no doubt she knows better than I do, I'm not disbuting that.

It's your statements I am saying are wrong, there may be chargeable fees and other such items but they're all speculative!

As a certainty the only known values are the owner emissions, which are the only emissions Cel Ai is entitled too unless they:

1 - operate their own miner / validator

2 - stake their own Tao against an existing validator (which is what I do) - Open Tensor Foundation Validator operating in the Cel Ai Subnet.

I have reached out for clarification on what % they take, if she responds is a different matter. I would welcome news that they have a hefty stake in the subnet under a validator and also chargeable fees, but currently the registration fee is 0, so no fees regarding new miner / validators.

James, by the sheer definition of revenue it could ..

The basic revenue definition is the total amount of money brought in by a company's operations, measured over a set amount of time. A business's revenue is its gross income before subtracting any expenses. Profits and total earnings define revenue—it is the financial gain through sales and/or services rendered.

Technically as the subnet is owned by Cel, it could be feasible - but under the same logic the amount paid to validators and miners would need to be disclosed as expenses.

I can tell you for a fact they do not take the full amount of emissions, otherwise the participation model simply wouldn't work!

Not sure how many times it has to be pointed out but to understand the emissions please look at the support document!

https://docs.learnbittensor.org/emissions/#:~:text=Emission%20is%20the%20process%20by,Extraction%20by%20participants

Cel AI does NOT take 1.6 million yearly from the subnet, it is entirely misleading and I'm not sure if she misspoke or used the wrong terminology, but it doesn't take that as income.

The subnet generates 11.96 overall ( as of right now, it fluctuates based on performance and stake )

Cel only takes 2.15 Tao, equal to $812.7 - this is nowhere near your claim or a million dollars, you are factually incorrect and misleading!

Understand the product before you spout nonsense about it, if you're ignorant to how it works unintentionally that's fine, please educate how it functions.

As a certainty, Cel Ai only makes a small portion of the total emissions daily. They have not disclosed any active miners or validators run by Cel Ai either.

As Dave has pointed out, the RNS do not add up - there is a discrepancy but it has not been made obvious why or what has caused it.

Could be a clerical error, but the holdings has never matched 5.28 BTC. Most likely they were in a profit margin and sold some of the holding to transfer to cash. Nothing wrong with that, but it's the kind of news id expect as it would highlight the profits they've secured from holding and selling.

I've staked a very small $100 worth in the open tensor validator operating in the Cel AI subnet, which has made an earning of $2.17 across two and a half days. Even if they took BTC earnings to capitalise on return of validators within their network it would be a win, as the potential return is insane.

But we are all just theorising, some of us can do this with logic and observing what we do know vs what we don't, others do it by full on devotion to the company. Time will tell, were all hopeful of a nice return in the end but I'd hope new investors do take the time to research the model itself in full and not be drawn in by the "Hype" machine.

@Vern - good question, as I know there's a discrepancy between the RNS regarding how much BTC is in treasury.

Honestly I don't know, and until we hear anything from Cel we won't know. It could be a reporting error, it could be a tactical sell at a height to hold cash and buy more, perhaps it's to find new operational enhancements for the actual AI or to invest in the subnet?

It's a tricky one, within the space they're balancing BTC and Tao fundamentally, when Tao is weaker - such as today, it's a good time to invest in the subnet as they'd gain more alpha tokens, and then when Tao improves, that turns into a greater profit margin. But also the more investment in the Subnet the greater proportion of the Tao emissions it attracts.

BTC also fluctuates heavily, if you bought in April then you'd have a nearly 50% profit, Trumps tariffs hit on 1st of August, but I think the market these mostly priced in.

I'm anticipating we see BTC dip alongside the market in September, as people take profit to recover from spending over the summer on holidays, projects etc.

My hope would be that when they acquire their funds for BTC, They do it gradually to reduce their exposure to peaks, but also to take advantage of potential dips which can be observed anywhere between August to September (Check the 5 year char for BTC) - we are in a bull market atmo, so when the big profit taking does come it'll likely shake everything down fairly harshly!

@Vern

The network is in its infancy and the Tao generated from it that Cel Ai have gotten would equate to less than $20k, some of which may have been filtered into more BTC, but it remains to be seen.

On the upside, since the 18th July to today BTC has remained relatively stable. Ideally want to be picking BTC up in dips and holding long, but the crypto space is being energised by USA policies creating positive sentiment. Which is a good thing !

@james

Not thousands, the total emissions is NOT what Cel AI is taking from the net.

The only Guaranteed amount taken is the Owner emissions. which is sat at 2.16 Tao a day. Pricing as of this post is $400.23 per Tao. Which equates to $864.49 per day.

Miner Tao is NOT given to the owner, it is spread out across all mining participants based on their total contribution and validation from a validator.

Equally, Validator Tao is ONLY given to validating participants, based on their accuracy of the work completed and speed of validating. Unless Cel Ai has its own operating Miner and / or Validator, then they are NOT receiving any additional funds, other than the owners daily Tao emissions.

Plenty of buys, they're just miniscule to the sells - there's also very little transactional volume for the stock. Just needs time to cultivate and grow

@Gen10

You're absolutely right, we don't need to ramp it - this is a slow and steady growth that will draw investments in naturally.

The other component of "Market Makers" holding the stock down, its simply not happening. There's just hardly any actual attraction / attention on the stock. We have very little transactions happening, some of them shift volume because of large purchases / sales.

They've got a business plan, use the subnet and their AI to generate funds to acquire more BTC. Utilise BTC to hedge and support their operations. Subnet should hopefully grow steadily, but it could also decline if the traffic dries up!

For those who are crypto inclined, you can actually stake TAO straight into the network under one of the validators and accrue passive growth there as well. It's somewhat tricky to get going but once grasped it has potential to bring some returns. However, and this is a big one, it is still risky - you can lose just like on the stocks, but if you are confident in the company and subnet then that is one way to diversify within the companies operations, and it also helps the subnet to function / grow.

Best of luck everyone, just be tempered and enjoy.

@Abbys

I wouldn't worry about explosive movement, they need time for the strategy to play out and show it works long term. I think so long as the subnet continues to grow in emissions, and they continue to manage BTC purchases correctly, things will be good going forward.

Without sustained growth in both components of the company, we'll only see trickles of movement - hold on what you've got and let's see how they can fare with the subnet growing!

@thatslifebro

You're correct, it could drop below 256 if users deregister and no one takes their place but the idea is more profitable miners and good place ineffective ones, or more validators are attracted to replace the over allocation or miners.

The emissions actually decreased but fluctuations are expected dependent on quality of work and loads as well - still decent numbers. Steady stable growth is the goal

James I'm a bit curious, where are you finding evidence of the lack of reporting ?

I'm just under the impression that Cel Ai has very low trading v volume / interest, nothing more. It will increase as profits come in but it's not gonna be a rocket ship straight to the moon, not without huge volumes - I'm talking 100m+ volumes, please enlighten me to what you've found

It's only a 2% drop from yesterday, but I doubt it will do much to the SP - it's a long game from here, if things go well it'll climb steadily, there will be moments of pull backs and climbing. just how the market works !

Fluctuations are to be expected, buy on the low, hold and sell on the high!

I did a bit of a look at the setup of the subnet - using this as a reference https://docs.taostats.io/docs/subnet

So, there is currently 200 miners active on the subnet. This means it has achieved the reserved slots for miners (256 total slots, 64 reserved for validators - however those slots can be used by miners if they're NOT currently occupied by a validator) - if all of the 64 slots were filled with validators, then the miners would be filled too as that would leave 192 spots for them.

But this does mean at the moment the validator Tao emissions are divided between four agents, whilst the miner emissions are allocated out between 200 miners - based on performance!

This is good - there's still 52 open slots and miners CAN occupy them, however if a validator applies to the network it will deregister the weakest miner (Only if the UID has hit that magical 256 number).