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SEC filingT-REX Acquisition Corp. cured a default on its $325,000 promissory note for the Orofino data center by refinancing into two notes totaling $368,000 maturing in 2027.
T-REX Acquisition Corp resolved a matured promissory note obligation of approximately $325,000 related to its Orofino, Idaho data center, which supports cryptocurrency mining operations through subsidiary Megalodon Mining and Electric LLC. The refinancing on March 24, 2026, extends payments to $240,000 due March 24, 2027, and $128,000 due June 20, 2027, curing the default and providing extended runway. President Frank Horkey highlighted that this stability allows the company to prioritize strategic growth, including acquiring larger data centers, expanding proprietary mining via Raptor Mining LLC, and launching fabrication and sales of custom mining containers through Sabretooth Mining Solutions LLC for remote deployments. The data center offers co-location to external clients, underscoring its role in the vertically integrated crypto mining model that also includes Deinodon Mining Solutions LLC for management software.