T-REX Acquisition Corp
trex-acq.comWhat Do They Do?
Mines Bitcoin and hosts third-party cryptocurrency mining equipment for mining businesses, and fabricates deployable mining containers.
10-K for FY2025, filed Oct 31, 2025Our strategic focus is to secure and operate within the Bitcoin distributed ledger network and explore additional distributed ledger…View ↗
Raptor Mining’s operations include our cryptocurrency mining operations and virtual asset acquisitions. We formed Megalodon to investigate…View ↗
We formed Sabretooth Mining Containers to fabricate and market deployable mining containers at the Orofino facility.View ↗
How Do They Make Money?
The company earns Bitcoin rewards when its mining pool confirms it has mined a block, and it generally converts the Bitcoin to dollars or uses it for payments. Hosting customers typically prepay a monthly fee for space, power and related services, with adjustments for actual usage at month-end.
10-K for FY2025, filed Oct 31, 2025Crypto asset transaction verification is the output generated from the Company's ordinary activities under its mining pool contract. The…View ↗
· Step 1: Contract/s are established via written service agreements with the mining pool.View ↗
Revenue from these services is recognized over time, as the performance obligation (continuous hosting access) is satisfied. Customers…View ↗
We began earning Bitcoin mining rewards on February 17, 2022, recognizing revenue based on the USD value of the rewards on the date mined.…View ↗
$32.4K
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10-K for FY2025, filed Oct 31, 2025
$32.4K ↗
Who Are Their Customers?
Digital-asset mining businesses buy hosting directly through written service agreements; the company also earns Bitcoin rewards through mining-pool agreements.
10-K for FY2025, filed Oct 31, 2025The Company provides co-location hosting services to third-party customers, primarily digital asset mining businesses, through the…View ↗
Step 1: Contracts are established via written service agreements.View ↗
· Step 1: Contract/s are established via written service agreements with the mining pool.View ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q3 FY2026, filed May 26, 2026
−$1.2MView ↗
- ▲ +197% (Loss)
- vs −$393.7K in Q3 FY2025
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May 15, 2026
David McPhail became CEO as Matthew Cohen resigned
The board also appointed Frank Horkey as chairman; Cohen resigned as CEO and a director.
Sources
8-K, filed May 15, 2026
On May 15, 2026, Our Board of Directors appointed Frank Horkey as our Chairman of the Board.View ↗
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Apr 23, 2026
Agreed to acquire an operating Georgia data center
The asset purchase covers the facility, land, mining containers and an electricity contract.
Sources
8-K, filed Apr 23, 2026
On April 14, 2026, the Company, through its wholly owned subsidiary M M & E 2, LLC, a Florida Limited Liability Company entered into a…View ↗
Hosting became an operating service
The older report described co-location as a model the company was investigating; the latest says it provides hosting to third-party mining businesses.
10-K for FY2022, filed Oct 17, 2022 10-K for FY2025, filed Oct 31, 2025Raptor Mining’s operations include the management of the Company’s cryptocurrency mining operations, and virtual asset acquisitions.…View ↗
The Company provides co-location hosting services to third-party customers, primarily digital asset mining businesses, through the…View ↗
Who Do They Compete With?
Competes with Marathon Digital Holdings, Riot Platforms, CleanSpark, Hut 8 Mining, Hive Blockchain Technologies, and Iris Energy
10-K for FY2025, filed Oct 31, 2025Marathon Digital Holdings, Inc.View ↗
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