Brainhole Technology Limited (the Company) disclosed a further disposal of 212,300 shares in TeraWulf Inc. on 4 March 2026. The open-market transaction generated about US$3.20 million (approximately HK$24.50 million) in consideration. Including an earlier disposal announced in November 2025 involving 126,000 TeraWulf shares, the total consideration for both transactions reached around US$5.10 million (about HK$39.60 million).

TeraWulf is a Delaware corporation focused on digital asset mining and high-performance computing. According to publicly available financial data, TeraWulf generated revenue of about US$168.46 million for the year ended 31 December 2025, with an audited consolidated net loss of approximately US$661.42 million in the same period. As of 31 December 2025, TeraWulf recorded audited consolidated net assets of around US$140.40 million.

The Company expects to recognize a gain of roughly US$0.20 million (about HK$1.40 million) from the further disposal. Part of the proceeds, approximately US$2.40 million (about HK$18.90 million), was allocated toward acquiring shares in two other listed entities, while the remaining balance of about US$0.80 million (around HK$5.60 million) is planned for general working capital or other suitable investments.

Because one or more applicable percentage ratios exceed 25%, the disposal qualifies as a major transaction under Chapter 14 of the Listing Rules. Shareholder approval was obtained in writing from a majority shareholder holding roughly 74.96% of the Company’s shares, eliminating the need for a general meeting. A circular containing further details will be dispatched on or before 25 March 2026.