T-REX Acquisition Corp. Reports $8.2 Million Revenue, Strategic Acquisitions in Cryptocurrency Sector

T-REX Acquisition Corp. reported its financial results for the three and nine months ended March 31, 2025, revealing total revenues of $8.2 million, a significant decrease from $15.8 million in the same period of the previous year. The company generated $953 from Bitcoin mining and $7.3 million from hosting services, marking a shift in revenue sources. The gross loss for the quarter was $3.6 million, compared to a gross loss of $13.3 million for the nine months ended March 31, 2024. The net loss for the quarter was $393,688, which translates to a basic and diluted net loss per share of $0.02, compared to a net loss of $245,713, or $0.01 per share, in the prior year.

The financial performance reflects a notable increase in operating expenses, which rose to $375,255 from $235,762 in the same quarter last year. This increase was driven by higher management and consulting fees, which totaled $151,750, and increased administration fees of $144,098. The total operating loss for the nine months ended March 31, 2025, was $999,644, compared to $797,047 in the previous year. The company’s accumulated deficit also widened to $8.1 million from $7.0 million as of June 30, 2024.

Strategically, T-REX has made significant organizational changes, including the acquisition of a data center and co-location facility in Orofino, Idaho, through its subsidiary Megalodon Mining and Electric LLC. This facility is expected to host services for third-party miners, enhancing the company's operational capabilities. Additionally, T-REX's subsidiary Deinodon Mining Solutions LLC acquired assets from Baoblock, Inc. for $210,000, which included proprietary software and technical know-how, further expanding its technological resources.

Operationally, T-REX has seen an increase in its common stock, with shares outstanding rising to 23,131,733 as of March 31, 2025, up from 18,223,953 a year earlier. The company’s cash position improved slightly, ending the quarter with $871 compared to $36 at the beginning of the period. However, total liabilities increased significantly to $1.9 million from $1.3 million, primarily due to higher accounts payable and accrued expenses. The company’s focus on expanding its cryptocurrency operations and infrastructure is evident in its recent investments and acquisitions.

Looking ahead, T-REX Acquisition Corp. aims to continue its strategic focus on the cryptocurrency sector, particularly in Bitcoin mining and related technologies. The company plans to leverage its recent acquisitions to enhance operational efficiency and expand its market presence. Management remains optimistic about future growth opportunities, despite the current financial challenges, and is committed to improving its financial performance through strategic investments and operational enhancements.