T-Rex Acquisition net loss widens to $1.17 million in Q1 FY26; revenue drops 91% to $705

TREX ACQUISITION CORP

TREX ACQUISITION CORP

TRXA

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  • T-Rex Acquisition posted a Q1 net loss of USD 1.17 million, widening from the prior-year quarter on higher stock issued for services.
  • Revenue fell 91% to USD 705, primarily due to refurbishment of the Orofino facility.
  • Operating expenses jumped to USD 1.31 million, driven mainly by shares issued for services and higher management and consulting fees.
  • Interest expense rose to USD 72,587, while cash ended at USD 383 alongside a USD 1.91 million working capital deficit.
  • Plans call for up to 275 ASIC 270 terahash miners within 90 days, with pricing cited at USD 5,200-5,800 each.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. T-Rex Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-003434), on May 26, 2026, and is solely responsible for the information contained therein.