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T-REX Acquisition Corp. reports operational recovery and upgrades at its Orofino, Idaho data center following a prior burglary. The theft involved sixty-six fully depreciated S19 ASIC miners and part of the electrical panel, most of which had already been written off, with only $23,000 of value to be written off in the fourth quarter. The company filed an insurance claim up to $75,000 and later received a settlement of $63,434 on November 12, 2025.
On November 17, 2025, T-REX completed replacement of the digital breaker and immediately restored full power, with remaining proprietary and co-location miners back online and mining Bitcoin and Litecoin about ten days later. On December 8, 2025, the company installed a state-of-the-art security system linked directly to local law enforcement. Management characterizes the incident as a short-term revenue setback but expects that the retrofit and enhanced capacity at the data center will support stronger long-term mining operations.
T-REX Acquisition Corp. (TRXA) reported another loss-making quarter as it builds out its cryptocurrency-focused platform. For the three months ended September 30, 2025, the company generated total revenue of
Cost of goods sold of
The company highlights a working capital deficit of
T-REX Acquisition Corp. (TRXA) reported a board change, appointing Matthew Cohen as a director. The board approved his appointment on November 13, 2025, with the role effective November 15, 2025.
Cohen has led Stem Holdings, Inc. as Co-Founder and CEO/CFO since 2016 and has over 38 years of experience in public company leadership, including financing, capital structuring, and strategic advisory work across multiple regions. His background covers business combinations, mergers and acquisitions, public offerings, debt offerings, and REIT compliance, as well as deep familiarity with Sarbanes-Oxley internal control requirements. He holds a B.B.A. in Accounting from New Paltz State University, earned in 1980, and is a member of the AICPA.
T-REX Acquisition Corp. filed a Form 12b-25 to notify regulators and investors that it will not file its Form 10-Q for the quarter ended September 30, 2025 on time. The company explains that it has experienced delays in completing its financial statements for this quarter, which in turn has delayed the Form 10-Q filing. This notification is intended to provide formal notice of the late filing under SEC rules.
T‑REX Acquisition Corp. (TRXA) filed its annual report, outlining a Bitcoin mining and hosting strategy centered on its Orofino, Idaho data center. The facility purchase closed in March 2025 for approximately $507,000, financed by an 8% note for $267,555 due May 15, 2025, a $207,000 deed of trust at 12% due March 8, 2026, and a closing credit of about $32,445.
The company reports competitive and regulatory risks typical for crypto mining, and notes it intends to implement a formal cybersecurity risk management program before the end of 2025. As of the date of filing, a foreclosure action related to the Orofino facility was filed on October 6, 2025; the company states it has approximately 115 days from filing to cure a default of about $335,000 and is pursuing refinancing. TRXA’s stock trades on the OTCQB under “TRXA,” and may be categorized as penny stock. Shares outstanding were 25,067,479 as of October 30, 2025. As of June 30, 2025, the company owned 68 Bitmain S19 miners and plans to expand hosting and related services.