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.

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