other material
confidence high
sentiment positive
materiality 0.70
Trex Acquisition enters crypto mining; no longer a shell company
T-REX Acquisition Corp.
- Raptor Mining generated >$10,000 in Bitcoin mining revenue since Feb 17, 2022.
- Contract with Ace Host for co-location; ASIC miners deployed and mining started.
- Management cites White House executive order as favorable for crypto regulation.
- Company plans accelerated acquisition of additional crypto miners to scale revenue.
- T-REX believes it is no longer a shell company under Rule 12b-2.