M&A
confidence high
sentiment neutral
materiality 0.50
T-REX Acquisition Corp completes $500K asset purchase of Peak Digital crypto mining facility
T-REX Acquisition Corp.
- Deal value $500,000; initial payments of $33K (Nov 2024) and $207K (Mar 2025); $260K balloon due in 90 days.
- Acquired turnkey crypto mining facility in Orofino, ID (~6,000 sq ft) with racks, cooling, and co-location tenants occupying 1/3 of rack space.
- T-REX plans to use remaining 2/3 rack space for proprietary Bitcoin mining, aiming to reduce electricity costs.
- CEO Frank Horkey funded the acquisition and working capital via three promissory notes totaling ~$312K (6%-12% interest).
- Expands into co-location hosting services; previously a customer, now a host, adding a new revenue vertical.