Member Info for Thatslifebro

Any panic is completely detached from reality. The daily drops are just a slow, compliance-forced drip-feed from sub-3% funds trapped by the Aquis move, while the actual tech is flying with the V3 leader up 16% in 5 days—the silent majority are just waiting for real money to go live on Arena 📈

(Surely a strong buy at 0.07p/0.08p?!)

Nothing short of horrible few days for Tao and the Astrid share price. All cryptos are being hit hard. However, Miners Showdown 3 is only on day 5 and there are some very impressive performances with the current leader up 14% and 2nd/3rd places up almost 10%. Perhaps the current volatility helping but it is surely a good sign. https://arena.astrid.global/

Here is the top 10 this morning:

1 Evolving AlphaEvolvingAlpha $11,431.347

2 OrochiIONodeOrochi $10,946.306

3 Coffee_tradeCoffee_trade $10,942.171

4 OrodataOrodata $10,309.898

5 SuperHub-v2-Aggressivemb-superhub $10,257.063

6 Happy_goodHappy_good $10,254.202

7 Lelouchandy-sn127 $10,236.442

8 Sunny MS2sunny $10,130.389

9 Astrid Miner Botastrid-miner $10,123.427

10 floraflora $10,067.337

GOOD LUCK ALL

Miners Showdown 3 has begun which means Arena V3 is now running. Another step closer to what we really want to see; trading of real money successfully) on Arena.

Const has just replied to an interesting question put to him on Discord.....

"Correct me if I'm wrong @consτ [τ, τ] I believe you have a trading bot which is trading on Hyperliquid, is that still the case?

Would you consider deploying your trading bot on Astrid?"

"is it possible to do that? mine was quite complex it maintained a full fleet of models doing online training"

Would surely be good for Arena if Const entered......so far over 10,000 people have viewed his positive post on X from 3pm.

Excellent.....v3 is starting 6 to 8 weeks ahead of schedule; I wonder how long before real money trading.

It is no secret that Subnet 127's recent performance has been underwhelming, and this has been reflected in a corresponding dip in share price, largely driven by what appears to be a lull in subnet activity. However, for those tracking the situation closely, it is important to distinguish between a "stall" and a strategic transition.

The current lull is not a sign of stagnation. The development team is actively implementing a new, robust verification layer across the subnet, a process detailed recently by core developer Ciprian on Discord. This is a critical upgrade designed to move the network beyond its experimental roots and into a more secure, "cheat-proof" infrastructure. By replacing older, exploitable mechanics with standardized technical evaluations, the team is ensuring the integrity of the network before scaling toward high-stakes, real-money environments.

This technical groundwork is the primary reason why Showdown 2 has extended beyond its expected duration and why a new competition schedule has not yet been initiated. The team is prioritizing these structural upgrades to ensure the next phase—anticipated to launch next week—serves as a high-integrity, real-world test of the platform.

Building verifiable, on-chain AI infrastructure is a complex, long-term endeavor. Prioritizing these foundational structural upgrades over rushing out a compromised product is the correct move for the long-term viability of the subnet. As the platform transitions to this more secure model, there is a strong case to be made that the share price will begin to re-align with the project's underlying fundamentals.

For those looking beyond short-term noise, the progress happening in the background—as communicated by the development team—is the most significant indicator of the project’s future health.

Just to put a little positive angle on things, here are some stats on Bittensor/Tao performance since the Febuary 11th low of $144 compared with current levels

TAO

Was $144.16 now $280 (+94%)

Bitcoin

Was $67,000 now $75,800 (+13%)

Ethereum

Was $1,941 now $2,072 (+7%)

Solana

Was $79.25 now $83.65 (+6%)

TAO has absolutely crushed it compared to the others, nearly doubling while the big three only moved modestly. To be fair I did chose a date at which Tao price had been hit hard but chosing other dates Tao has outperformed the others VERY strongly.

SN127 dTao price and the shareprice not looking great but

Tao rising nicely again today; the higher it goes the less Astrid need to cash from emissions to fund costs/more they will accumulate. They are making more from emissions than they are cashing-in to cover costs and tgeir pot of Tao is growing.....flywheel in action. Rising Tao is fe.ckn good news.....Tao at $1000+ would be very nice.

Looks like investors are slowly cottening on to the good news 📈

BigDave....You're right that cash dropped more over the last two months, but the RNS explicitly tells us that was due to clearing one-off legacy invoices and corporate restructuring fees that finally fell due, not a permanent spike in our incredibly lean £38.5k monthly operational burn.

Sorry if my posts were a bit long but here it is.....

The 6-Month Official Financial Period

​Total Cash Reduction: £2,091,000 (from the Interim Report)

​Minus One-Off Asset Purchase: £1,860,000 (TAO Token Treasury Allocation)

​True Operational Cash Spent: £231,000

​£231,000 / 6 Months = £38,500 per month

When you dive just a little deeper into the numbers it is clear they are already selling some of their Tao and still increasing their total Tao holding at the same time i.e. effectively makes them cash flow positive. They don't actually say that but it doesn't take much to work it out.

In the November 20th 2025 RNS, Astrid Intelligence confirmed a holding of 18,632.31 TAO. By May 15th 2026, the reported £4.3 million valuation—based on a TAO price of approximately $285 (£225)—implies a total holding of roughly 19,111 TAO, representing a net increase of only 479 tokens. However, the company reported earning £516,235 in emissions during the period. At an average conversion price of roughly $315 (£250) per token, those emissions should have added approximately 2,065 TAO to the treasury. The fact that the total stack only grew by about 480 tokens confirms that Astrid has sold approximately 1,585 TAO to fund its operations. Crucially, this demonstrates that the company is generating approximately £86,000 per month in emissions income while only spending £38,500 on monthly operational burn, making the business fundamentally cash-flow positive.

.....a major re-rating follows.

GLA

Why a Fundraise at 0.08p is Unlikely (The Reality vs The Fear)

There is a lot of noise about the interim cash figure, but looking closely at the order book and the balance sheet, a traditional dilutive fundraise at these levels is effectively off the table for four reasons:

The Dilution Trap: With 6.33bn shares in issue, raising even 1.2m pounds at a discounted 0.06p to 0.07p requires printing 2 billion new shares. This triggers a massive 30% plus dilution just to cover basic admin, breaking the equity structure.

Institutional Mutiny: The legacy founders (Edwards family) and the broker (Oak Securities) control a combined 23% of the voting shares from much higher entry points like the 0.22p placement. They will block any cheap down-round that wipes out their positions.

The Warrant Floor: Corporate advisors hold warrants at 0.25p, and directors hold roughly 240m warrants each at 0.2p. Printing billions of cheap shares sub-0.1p leaves these incentive packages completely worthless. Management will protect these strike prices.

The ATM Restraint: Oak holds 575m pre-issued treasury shares via the At-The-Market facility. Dumping those into an illiquid 0.08p book completely tanks the bid and destroys the value of Oak's own 13% core equity block. It is a tool of pure desperation, not strategy.

The Cash Burn Illusion: Why It is Only Around 38k a Month

Panicking over the 1.2m pounds admin line is an optical illusion. It is heavily weighed down by back-heavy, one-off historical legacy payments and professional fees from the previous management hand-off.

The actual operational cash leaving the bank account over the last 8.5 months tells a different story:

Sept 1, 2025 (Opening Cash): 2,312,282 pounds

May 18, 2026 (Current Cash): 125,000 pounds

Total Cash Handled: 2,187,282 pounds

However, 1,860,000 pounds of that was a one-off capital allocation to buy their core TAO token treasury holdings.

Stripping out that crypto investment leaves pure operational spending:

2,187,282 pounds (Total Spent) minus 1,860,000 pounds (TAO Purchase) equals 327,282 pounds Operational Cash Used.

Dividing 327,282 pounds across the 8.5 months since September reveals a true operational cash burn rate of just 38,500 pounds per month.

Takeaway: Cash-Flow Positivity Will Remove the Fear

At 38.5k a month, the 125k cash pot provides 3 months of runway. The legacy bills are now cleared, and the underlying business is actually cash-flow positive. The core network generated 516,235 pounds in six months, a run-rate of over 1m pounds a year against a cash burn under 500k a year.

Markets love cash-flow positive businesses. To permanently erase the fear of dilution, the board just needs to exchange a small fraction of that liquid TAO yield for Sterling to top up the bank balance. The second the market sees a rising Sterling cash balance funded by their own AI infrastructure rather than shareholder pockets, the fear evaporates and a major re-ratin

Directors closed period has ended......I wonder if they think the shares are a bargain at this level i.e. buy some? They like to remind everyone how much of their own money they put into DSV.

Meanwhile the share selling seems to have dried up and the subnet alpha has risen a bit today 🎊📈🤑

Yes.....and this is what happens when the market thinks we need to raise funds. The company should sell £500k of Tao and RNS it....it would do wonders. I am not here to subsidise the Bittensor ecosystem and the company should not present that it is like a turkey voting for Christmas. Who will touch the shares if they think heavy dilution is coming in tgis weak market.

I think the market will like it if they cash in a sensible amount of Tao for working capital taking away the fear of dilution in the process. That isn't "doing a Sam Dare" and is justifiable to the Bittensor commjnity (although some will not like it of course!).

This is a PLC, their responsibility is to shareholders.....and shareholders don't want to be diluted to hell again. They don't have to sell the lot, perfectly acceptable to cover their working capital and they said they made over £500k in Toa in the last 6 month period...that'll do nicely and they don't have to touch the original pot. I vote for no dilution.

.....or sell some Tao as they have £4.5m of it!

.....looking strong this evening. If this carries on overnight we might see the shares finally head north again tomorrow. SN127 also picked-up since yesterday's interview 📈🤞