T-REX Acquisition Corp. Reports $12.1M Revenue for Nine Months, Faces Increased Losses

T-REX Acquisition Corp. reported its financial results for the three and nine months ended March 31, 2026, revealing a total revenue of $12.1 million for the nine-month period, a significant increase from $8.2 million in the same period last year. The company’s mining revenue for the latest quarter was $774,000, down from $953,000 in the prior year, while hosting revenue was absent in the current quarter compared to $7.3 million in the previous year. The net loss for the nine months reached $2.6 million, compared to a loss of $1.1 million in the same period last year, indicating a deterioration in profitability.

The company’s balance sheet showed total assets of $670.3 million as of March 31, 2026, a decrease from $747.7 million as of June 30, 2025. Current assets fell sharply to $12.4 million from $82.2 million, primarily due to a significant reduction in cash and cash equivalents, which dropped to $383,000 from $49.7 million. Current liabilities increased to $1.9 million from $1.3 million, driven by higher accounts payable and accrued expenses, as well as increased amounts due to related parties.

Strategically, T-REX has focused on expanding its cryptocurrency operations, particularly in Bitcoin mining and hosting services. The company has made several organizational changes, including the acquisition of assets from Baoblock, Inc. for $210,000, which was paid through the issuance of shares and cash. This acquisition is part of T-REX's strategy to enhance its technical capabilities in the cryptocurrency sector. The company also reported an increase in its employee headcount, reflecting its growth in operations.

Operationally, T-REX has seen fluctuations in its engagement metrics, with Bitcoin held increasing to $150,000 from $17.5 million year-over-year. The company’s mining operations have been impacted by market conditions, leading to a gross loss of $121.1 million for the nine-month period, compared to a gross loss of $3.6 million in the previous year. The company’s management has attributed these changes to increased operational costs, including higher electricity and labor expenses, as well as the impact of share-based compensation.

Looking ahead, T-REX Acquisition Corp. aims to continue its focus on the cryptocurrency sector, particularly through its mining and hosting operations. The company plans to explore additional distributed ledger technologies and expand its market presence. However, the management has acknowledged the challenges posed by market volatility and operational costs, which may affect future profitability. The company remains committed to enhancing its operational efficiency and exploring new business opportunities to drive growth in the coming quarters.