Case status

EXHIBIT H · CASE STATUS

Every dated claim from the tape, logged and stamped. This page updates when reality does. Screenshot us — we don't edit history.

doneTogether AI live: Gemma-4-31B-it-Pearl at a 25%+ discountConfirmed
Jul 2026Coordinated MoE hard fork shipped on schedule — Pearl now mines mixture-of-experts modelsConfirmed
week of AMAHyperscaler agreement signed — one of two in "advanced progress"Watching
~1 monthChip-maker collaboration goes public (a joint reveal)Watching
fall 2026Blackwell FP8/FP4 kernels ship as a hard fork — near-zero overheadWatching
fall 2026Three waiting closed labs unblockedWatching
near termCompute marketplace becomes Pearl Cloud, an inference neocloudWatching
~mid 2027Pearl mining ships natively inside vLLM ("the dream")Watching
Intercepted · Pearl Discord · #general-englishverbatim · identities redacted
Thread — "why push the AMA to September?"
core-teamCore Team
We will conduct the next AMA in early September and create the agenda closer to that date.
core-teamCore Team
We can update on stuff AFTER we work on them — we can set an AMA for now but it will be a waste of time for all of us. Let the team cook and update in the beginning of September.
core-teamCore Team
Because we understood we are closer in timelines than we thought, and think it's better to provide updates in early September, when we will have much more meaningful things to say.
core-teamCore Team
There are products in the roadmap that will be shipped during August — what does it have to do with a vacation?
Thread — "what's cooking?" (the roadmap, verbatim)
core-teamCore Team
… let me share some info about what we have on our plate in terms of future roadmap:
core-teamCore Team
1. AI — pushing research on inference optimizations, FP support and exploring distributed inference architectures.
core-teamCore Team
2. Crypto — exploring L2 and stablecoin frameworks, and building relationships with qualified custodians to support institutional adoption.
core-teamCore Team
Business-wise, the team participated in the RAISE AI summit in Paris and is attending the AMD Advancing AI event in SF this week — these, plus GTC and our advisor network, create many meetings with top-level executives of AI companies. We can't talk about the content of those meetings in real-time.
Word-for-word from the Pearl community Discord. We redact who, not what.
on the record

Read it against what's already pinned on this board, and the roadmap quietly confirms three of our own findings:

  • "qualified custodians · institutional adoption" → this is the team, in public, confirming the exact thing the Anchorage Digital and Coinbase partner-named RPC endpoints already implied. Custody rails for institutions — said out loud.
  • "FP support" → the floating-point roadmap the team's own clips teased — i.e. Hawkeye shipping into production. The Boneh paper isn't academic decoration; it's on the roadmap.
  • "AMD Advancing AI event" → AMD is one of the chip-maker suspects on the board. Not proof of a deal — but they're in the room.

VERBATIM FROM THE PEARL COMMUNITY DISCORD, PUBLIC CHANNEL. THE READ-ACROSS IS OURS.

Word on the street

UNVERIFIED · FROM THE DISCORD

Chatter picked up in the Pearl community channels — rumor and argument, not fact, but exactly the raw material a case gets built from. Quotes are word-for-word from the Discord; only the identities are redacted.

Intercepted · Pearl Discordidentities redacted
Thread — the "why more hyperscalers" fight
████████skeptic
People don't need another gemma copy running only on Together AI
if it was meaningfully better platforms would be fighting to host it
they're not
██████respondent
What exactly do you want - GLM 5.2 on Fireworks?
Thread — the Google banner
██████member
Is that even this Pearl?
███████respondent
You asked if it's us - the answer is yes - this Google banner is about us.
█████member
When will we see something official about it?
███████member
Why? - is not it too early to even claim that
██████respondent
It simply means we are partners of GCP like many other startups and they see us as an innovative startup.
Sources protected
// handles & avatars redacted · quotes verbatim · public channel
New sightingGoogle Cloud

Pearl turns up in a Google Cloud banner

Members spotted Pearl featured in a Google Cloud (GCP) banner. The prevailing read in the channel: it's the standard GCP startup-program tie — "partners like many other startups" — not a signed serving deal.

Odds it's a major GCP deal: low. But it's a fresh pin on the board.

The bear caseSkeptics

"Platforms aren't fighting to host it"

The doubters' cut: nobody outside Together AI is racing to serve Pearl-ified open models. If a 2-for-1 Gemma were meaningfully better, the argument goes, rival platforms would be scrambling for it — and so far they're not.

The bull reply: that gap is exactly what a mining subsidy exists to close — which is why the next hyperscaler signature matters so much.

The community askFireworks?

"GLM 5.2 on Fireworks?"

The recurring wish in the channels: the next hot open model — GLM 5.2 and friends — Pearl-ified and served somewhere beyond a single Gemma build on Together AI.

Fireworks is the name that keeps coming up. Reinforces the top hyperscaler suspect.