TREX ACQUISITION CORP ANNOUNCES NEW BUSINESS VENTURE

Rhea-AI Summary

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.

Positive

• Entry into the growing cryptocurrency mining industry.
• Partnership with Ace Host for efficient mining operations.
• Focus on environmentally sustainable mining methods.
• Immediate revenue generation from Bitcoin mining.
• Plans for substantial scaling of mining operations.

Negative

• None.

PLANTATION, Fla., March 10, 2022 /PRNewswire/ -- T Rex Acquisition, Corp. (OTC Pink Sheets: TRXA),  announced today that, through its wholly-owned subsidiary, Raptor Mining LLC ("Raptor Mining"), T REX has set in motion what it expects will help T-REX become a major player in the highly scalable, cryptocurrency mining industry using environmentally sustainable methods.

T REX's President and CEO Frank Horkey stated, "Surveying the landscape of potential operating activities congruent with our T REX incubator model, we saw the cryptocurrency industry as a growth opportunity that is gaining worldwide acceptance. We believe our entry into the cryptocurrency and virtual assets will help accelerate the company's growth potential." Mr. Horkey went on to say, "In July, we began our initial R & D and mining asset acquisition for Raptor Mining and now our efforts are focused on scaling our mining assets while taking advantage of technological innovations to reduce electrical costs to minimize our carbon footprint while maximizing our profits."

Raptor Mining recently inked a contract with co-location facility Ace Host, a Tampa Florida -based managed cloud and data center, to host Raptor Mining's first cryptocurrency mining equipment. Mr. Horkey pointed out "the route of co-location provides us the perfect low-barrier-to-entry jump-off platform to enter the crypto mining world; we are able to enjoy increased efficiencies and dramatically reduced overhead compared to hosting miners on-premises. Through Ace Host, we have around the clock monitoring and security for our hardware and simple remote access by management." Within hours of Ace Host deploying Raptor Mining's ASIC crypto miners, T-REX began accumulating revenue through Bitcoin mining.

Over the coming months, T REX anticipates substantial scaling of its operations and to deploy its miners using substantially more efficient power sources, some of which, have only recently become available.

Media Contact:
Frank Horkey, CEO
(954) 742-3001
fhorkey@trex-acq.com

View original content:https://www.prnewswire.com/news-releases/trex-acquisition-corp-announces-new-business-venture-301499735.html

SOURCE TREX Acquisition Corp

FAQ

What is T REX Acquisition Corp's new business venture?

T REX Acquisition Corp is entering the cryptocurrency mining industry through its subsidiary, Raptor Mining LLC.

How is T REX ensuring environmentally sustainable mining practices?

T REX aims to reduce electrical costs and carbon footprint while maximizing profits through advanced technological innovations.

Who has T REX partnered with for its cryptocurrency mining operations?

T REX has partnered with Ace Host, a Tampa-based managed cloud and data center.

When did T REX begin its mining asset acquisition?

T REX started its initial R&D and mining asset acquisition in July.

What are the future plans for T REX in cryptocurrency mining?

T REX anticipates substantial scaling of its operations and deploying miners with more efficient power sources.