PLANTATION, Florida., March 10, 2022 /PRNewswire/ — T Rex Acquisition, Corp. (OTC Pink Sheets: TRXA), today announced that, through its wholly-owned subsidiary, Raptor Mining LLC (“Raptor Mining”), T REX has set in motion what it plans to help T- REX to become a major player in the highly scalable cryptocurrency mining industry using environmentally friendly methods.
President and CEO of T REX Frank Horkey said, “As we surveyed the landscape of potential business ventures consistent with our T REX incubator model, we saw the cryptocurrency industry as a growth opportunity that is gaining traction around the world. believe that our entry into cryptocurrency and virtual assets will help accelerate the company’s growth potential.” Mr. Horkey went on to say, “In July, we began our initial acquisition of R&D and mining assets for Raptor Mining and now our efforts are focused on scaling our mining assets while leveraging technological innovations to reduce electricity costs to minimize our carbon footprint while maximizing our profits.”
Raptor Mining recently signed a contract with a colocation facility As Hosta Tampa Florida managed cloud and data center, to house Raptor Mining’s first cryptocurrency mining equipment. Mr. Horkey pointed out that “the co-location pathway provides us with the ideal low-barrier-to-entry jumping platform to enter the world of crypto mining; we are able to benefit from an efficient Increased overhead and dramatically reduced overhead compared to hosting miners on With Ace Host, we have 24/7 monitoring and security for our hardware and easy remote access by management.” In a few hours of As Host By deploying Raptor Mining’s ASIC crypto miners, T-REX began accumulating revenue from Bitcoin mining.
Over the next few months, T REX plans to substantially scale up its operations and deploy its miners using significantly more efficient power sources, some of which have only recently become available.
SOURCE TREX Acquisition Corp.