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T-REX Acquisition Corp. (PINK: TRXA) has completed the asset acquisition of Baoblock Inc. through its subsidiary Deinodon Mining Solutions. Baoblock, a Miami-based company, specializes in crypto mining monitoring software, data center development, and crypto mining container fabrication.
As part of the acquisition, Baoblock's President Antonio Oliveira joins TRXA as Chief Technology Officer and Board Advisor, bringing over a decade of experience in the crypto mining industry. The acquisition provides TRXA with proprietary software for remote monitoring of mining operations and enters the company into the crypto mining container fabrication business through its new subsidiary, Sabretooth Mining Containers.
The strategic move aims to enhance TRXA's operational efficiency, expand its footprint in data center and co-location markets, and establish a new revenue stream through container fabrication and distribution. The company positions itself as one of the only fully integrated, multi-tiered cryptocurrency mining businesses in the industry.
T-REX Acquisition Corp. (PINK: TRXA) has completed the asset acquisition of Peak Digital Solutions through its subsidiary Megalodon Mining and Electric. The acquisition includes a 6,000 square foot turnkey crypto mining facility in Orofino, Idaho, with existing co-location tenants occupying one-third of the rack space.
This strategic move follows TRXA's consolidation of mining operations from Tampa, Florida and Cedar Rapids, Iowa. The company plans to use the remaining two-thirds of the facility for its proprietary Bitcoin mining operations. The acquisition marks TRXA's transition from being a co-location customer to becoming a host provider, while also potentially improving profit margins through reduced electrical costs at the new facility.
T-REX Acquisition Corp. (PINK: TRXA) announced the effective registration of 6,505,267 shares of common stock by the SEC. This allows for potential resale by selling stockholders, including PIPE Investors and warrants. Sales will start at a fixed price of $1.50 per share until the stock is quoted on OTC Market Group tiers. The company will not receive proceeds from these sales but will from any cash exercises of the warrants. The SEC also declared effective a registration statement on Form S-1 earlier this month.
T REX Acquisition Corp. (OTC Pink Sheets: TRXA) announced its entry into the cryptocurrency mining sector through its subsidiary, Raptor Mining LLC. The company is focused on environmentally sustainable mining practices to enhance growth potential. T REX has partnered with Ace Host, a Tampa-based data center, to manage its first cryptocurrency mining equipment. This co-location strategy allows T REX to reduce overhead costs while ensuring efficient operations. The company expects to significantly scale its mining activities over the coming months, capitalizing on new power sources.
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