TaoWeave, Inc.

TaoWeave, Inc. has filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, scheduled for December 17, 2026. Key proposals include the election of four directors, ratification of EisnerAmper LLP as the independent auditor, and a vote on the company's redomestication to Nevada. Additionally, stockholders will consider amendments to the certificate of incorporation to decrease authorized shares and to effect a reverse stock split. The board recommends voting 'FOR' all proposals.

TaoWeave, Inc. announced a strategic shift from being a treasury investor in the Bittensor ecosystem to an operating business building commercial applications within it. The company invested $1 million in UK-based Manako Labs Ltd. and secured a multi-year commercialization partnership for its AI-powered computer vision platform in the United States and Canada. This move aims to leverage existing camera infrastructure for real-time event recognition, with initial customer testing underway and expected revenue generation over coming quarters.

TaoWeave, Inc. announced a strategic expansion into the Physical AI market through a $1 million equity investment in Manako Labs Ltd. and a preferred North American commercialization partnership. This marks TaoWeave's first operating investment in AI, shifting its strategy beyond digital asset treasury activities to enterprise AI deployment and recurring operating revenue. The agreement grants TaoWeave commercialization rights for Manako's Score AI computer vision platform in the US and Canada, with revenue sharing and potential for joint AI infrastructure development.

TaoWeave, Inc. reported a net income of $1.7 million, or $0.43 per diluted share, for the first quarter ended March 31, 2026, a significant improvement from a net loss in the prior-year period. This return to profitability was primarily driven by a $2.2 million unrealized gain on its TAO token holdings. Total revenue increased 14% year-over-year to $0.7 million, boosted by a new TAO staking revenue stream. The company continues to advance its strategy within the Bittensor AI ecosystem, evaluating subnet teams for potential partnerships to accelerate commercial adoption of decentralized AI applications.

TaoWeave, Inc. reported a net income of $1.69 million for the first quarter of 2026, a significant improvement from a net loss of $0.67 million in the prior year, primarily driven by a $2.20 million unrealized gain on digital assets. Revenue increased by 13.7% to $0.71 million, while gross profit surged by 88.8% to $0.47 million. The company's digital asset holdings, primarily TAO tokens, grew by 33.6% to $7.21 million, representing 72% of total assets, and are considered sufficient to fund operations for the next twelve months.