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T-REX Acquisition Corp. Completes Asset Acquisition of Peak Digital Solutions LLC
Globenewswire· 2025-03-11 17:40
Core Insights - T-REX Acquisition Corp. has completed the asset purchase of Peak Digital Solution LLC, enhancing its capabilities in the crypto-mining sector [1][2] Group 1: Acquisition Details - Peak Digital provides proprietary and co-location services, featuring a 6,000 square foot facility and operational systems, with one third of the rack space currently occupied by tenants [2] - T-REX plans to utilize the remaining two-thirds of the facility for its own Bitcoin mining operations [2] Group 2: Strategic Goals - The company aims to consolidate its mining operations and expand its portfolio by acquiring established turn-key mining and co-location operations [3] - T-REX is actively seeking new opportunities to secure reliable and cost-effective electricity for its mining needs and co-location tenants [3] Group 3: Financial Implications - The acquisition of Peak Digital is expected to increase gross profit margins for T-REX's Bitcoin mining operations by reducing electrical costs at the new facility [4] - The company has transitioned from being a customer to a co-location host, creating a new income-generating vertical [4] Group 4: Company Overview - T-REX Acquisition Corp. operates as a vertically integrated cryptocurrency mining business, with subsidiaries focused on proprietary Bitcoin mining and co-location support [5]