secwatch.observer — SEC 8-K summary
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Issuer:     T-REX Acquisition Corp. (TRXA)
CIK:        0001437750
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001477932-25-005726
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 2.06, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

T-REX Acquisition reports theft of miners at Idaho data center; note in default
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437750/000147793225005726/0001477932-25-005726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437750/000147793225005726/trxa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-005726

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