T-REX Acquisition Corp (TRXA) is a cryptocurrency mining company that mines Bitcoin and provides co-location hosting services for mining equipment. Revenue is generated through two disclosed streams: mining revenue from Bitcoin production and hosting revenue from third-party miners using the company's data center capacity. The company operates a data center and mining equipment in Orofino, Idaho, acquired to consolidate mining operations and expand into co-location hosting. T-REX was incorporated in Nevada on January 16, 2008, originally as Plethora Resources, Inc., and pivoted to cryptocurrency mining in June 2021, beginning Bitcoin mining operations on February 17, 2022, at Ace Hosting in Tampa, Florida. Operating subsidiaries as of June 30, 2025 include Raptor Mining LLC and Megalodon Mining and Electric, LLC, both Florida entities. The company has a history of recurring operating losses, has not generated significant revenue, and carries a going-concern qualification in its financial statements for fiscal years ended June 30, 2025 and June 30, 2024.

Revenue model

Transactional mining revenue from Bitcoin production and hosting revenue from co-location services provided to third-party miners. No significant revenue has been generated to date as disclosed in the 10-K filed October 31, 2025.

Products and services

Bitcoin mining operations; co-location hosting services for cryptocurrency miners at a data center in Orofino, Idaho.

Customers and end markets

Co-location hosting customers are third-party cryptocurrency miners. End market is the Bitcoin and broader cryptocurrency mining industry. No customer concentration data is disclosed in the filing excerpts.

Value-chain role

Direct Bitcoin miner and co-location hosting provider. Operates mining hardware and sells hosting capacity to other miners. Faces disclosed challenges in securing mining equipment and accessing affordable energy.

Geographic exposure

Operations in Orofino, Idaho (data center and mining equipment as of the 10-K filed October 31, 2025). Prior operations were at Ace Hosting in Tampa, Florida beginning February 17, 2022. Incorporated in Nevada.

Source: SEC 10-K, filed 2025-10-31

Industry: Finance Services