T-REX Acquisition Corp. (TRXA): restructuring charge — T-REX Acquisition reports theft of miners at Idaho data center; note in default

T-REX Acquisition Corp.

On July 23, 2025, 66 obsolescent, fully depreciated S19ASIC miners and electrical panel stolen from Orofino, ID data center.
Insurance claim filed for up to $75,000; remaining $23,000 book value of stolen equipment to be written off in Q4.
Lost mining output expected to cause minimal short-term adverse revenue impact; 150 replacement miners sourced, financing being sought.
$267,000 promissory note secured by data center matured May 15, 2025, now ~$325,000 with late charges.
Company considering refinancing proposals for the matured note.

item 2.06 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.4

T-REX Acquisition Corp. announced a impairment affecting data center in Orofino, Idaho (the Center).

Type: impairment
Affected area: data center in Orofino, Idaho (the Center)

Exact text from the filing

On July 23, 2025, our data center in Orofino, Idaho (the “Center”) was burglarized resulting in the theft of sixty-six obsolescent and fully depreciated S19ASIC miners and a portion of the electrical panel that controls the flow of electricity to the various power distribution units.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

T-REX Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001477932-25-005726

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