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Oblong Reports Q2 2025 Results and Expands $8M TAO Treasury to Power Decentralized AI

21,613 TAO Tokens Now Staked to Generate Revenue and Strengthen Oblong鈥檚 Role in Bittensor鈥檚 AI Ecosystem

DENVER--(BUSINESS WIRE)-- Oblong, Inc. (Nasdaq: OBLG) (鈥淥blong鈥� or the 鈥淐ompany鈥�), a digital asset treasury company, today announced financial results for the second quarter ended June 30, 2025 (鈥淨2 2025鈥�) and significant progress in its treasury strategy centered on Bittensor鈥檚 TAO token.

With artificial intelligence projected to reach a $1.2 trillion market by 2030, Oblong is pioneering a treasury strategy that leverages TAO to drive financial returns and decentralized AI innovation. Bittensor鈥檚 network, powered by over 500 active nodes, incentivizes collaborative AI development, positioning TAO as a critical asset for forward-thinking companies.

鈥淥产濒辞苍驳鈥檚 $8.0 million investment in 21,613 TAO tokens, all staked in the Bittensor network, generates revenue while strengthening our role in the decentralized AI ecosystem,鈥� said Pete Holst, CEO of Oblong. 鈥淥ur strategy positions us at the forefront of AI-driven finance, delivering value through strategic treasury management.鈥�

Q2 2025 Financial and Strategic Highlights

• Strong Financial Position: As of June 30, 2025, Oblong held $10.8 million in cash and cash equivalents, $1.7 million in TAO holdings, and zero debt.
• TAO Treasury Expansion: Invested $1.7 million in Q2 2025 to acquire 5,025 TAO tokens, followed by $6.35 million post-Q2 to purchase 16,506 additional tokens, totaling 21,613 tokens, all staked to generate revenue and support Bittensor鈥檚 decentralized AI network.
• Capital Raising: Secured $6.9 million from a private placement and $1.3 million from common warrant exercises in Q2 2025, with an additional $0.9 million from warrant exercises post-Q2.
• Revenue and Loss: Generated $0.6 million in revenue, consistent with Q2 2024, with a net loss of $0.6 million, improved from $1.0 million in Q2 2024. Adjusted EBITDA loss was $0.7 million, improved from $1.0 million in Q2 2024 (see 鈥淣on-GAAP Financial Information鈥� below).
• Strategic Outlook: Committed to evaluating weekly TAO purchases and exploring partnerships to develop AI-driven technologies within the Bittensor ecosystem, aligning treasury and operational goals.

Strategic Vision

Oblong鈥檚 TAO treasury delivers value to investors through potential share price growth driven by strategic asset management, to TAO holders by enhancing Bittensor鈥檚 ecosystem, and to the AI community by advancing decentralized innovation. As corporations increasingly adopt digital assets, Oblong leads by integrating AI and finance through TAO鈥檚 unique role in Bittensor鈥檚 growing network.

Non-GAAP Financial Information

Adjusted EBITDA is a non-GAAP financial measure. See 鈥淕AAP to Non-GAAP Reconciliation鈥� below for a reconciliation to net loss.

About Oblong, Inc.

Oblong (Nasdaq: OBLG) is building a robust cryptocurrency treasury focused on decentralized artificial intelligence (AI) and the acquisition of $TAO, the native cryptocurrency of Bittensor, a decentralized blockchain network for machine learning and AI. By championing open-source intelligence, Oblong offers unmatched opportunities for retail and institutional investors.

Forward-looking and cautionary statements

This press release and any oral statements made regarding the subject of this release contain forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, that address activities that Oblong assumes, plans, expects, believes, intends, projects, estimates, or anticipates (and other similar expressions) will, should, or may occur in the future are forward-looking statements. Oblong鈥檚 actual results may differ materially from its expectations, estimates, and projections, and consequently, you should not rely on these forward-looking statements as predictions of future events. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include statements relating to the Company鈥檚 plans to: i) deliver value through strategic treasury management and ii) explore partnerships to develop AI-driven technologies within the Bittensor ecosystem, aligning treasury and operational goals. The forward-looking statements are based on management鈥檚 current belief, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties, including the volatility of market price for our securities, that may cause actual results in future periods to differ materially from such statements. A list and description of these and other risk factors can be found in the Company鈥檚 Annual Report on Form 10-K for the year ending December 31, 2024, the Company鈥檚 Form 10-Q filed on August 14, 2025 and in other filings made by the Company with the SEC from time to time. Any of these factors could cause Oblong鈥檚 actual results and plans to differ materially from those in the forward-looking statements. Therefore, the Company can give no assurance that its future results will be as estimated. The Company does not intend to, and disclaims any obligation to, correct, update, or revise any information contained herein.

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Investor Relations Contact

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(213) 683-8863 ext. 5

Source: Oblong, Inc.