T-REX Acquisition TRXA · USD

As of June 30, 2025, we were a holding company with the following subsidiaries: Raptor Mining LLC, a Florida limited liability company (“Raptor”); and TRXA Merger Sub, Inc., an inactive Delaware corporation (“Merger Sub”), Megalodon Mining and Electric, LLC, a Florida limited liability company (“Megalodon”), Sabretooth Mining Containers, LLC., a Florida limited liability company (“Sabretooth”), and Deinodon, a Florida limited liability company (“Deinodon”).

Raptor Mining’s operations include our cryptocurrency mining operations and virtual asset acquisitions. We formed Megalodon to investigate and potentially pursue a cryptocurrency co-location business model. The cryptocurrency co-location business model is based on a company which has access to data centers and inexpensive cryptocurrency mining inputs, such as low-cost electricity supply, offering to host third-party owned cryptocurrency mining equipment in exchange for a fee, which may consist of a mix of cash and cryptocurrency consideration.

In October 2024, Raptor assumed the operation of the data mining equipment and Megalodon assumed operations of the data center previously under letter of Intent in Orofino, Idaho. The transaction closed in March 2025, and the costs of operation paid on behalf of the seller of the facility for that five-month period prior to the acquisition of approximately $93,000 (as part of the purchase consideration) were capitalized into the acquisition cost.

Quoted from its 10-K, filed 31 Oct 2025. Read the filing on SEC.gov ↗