Oblong Inc. Soars 11.61% on AI, Digital Asset Strategy

Oblong Inc. (Nasdaq: OBLG) has seen a significant pre-market rise of 11.61% on June 9, 2025, driven by its recent strategic moves in the AI and digital asset sectors.

Oblong Inc. has successfully raised $7.5 million through a private placement, which will be used to launch a Bittensor-centric AI and digital asset strategy. This funding round is part of the company's broader initiative to accumulate $TAO and enter the Bittensor ecosystem, positioning itself as a key player in the AI and digital asset markets.

The company's strategic focus on Bittensor and its AI capabilities is expected to drive innovation and growth, potentially attracting more investors and partners in the tech industry. This move aligns with Oblong's goal of becoming a leader in AI and digital asset solutions, leveraging its expertise in IT services to deliver cutting-edge technologies.