Brainhole Technology Limited (2203) disclosed the disposal of an aggregate of 15,300 Nebius Shares on 29 October 2025 through the open market. The total consideration reached approximately US$1.9 million, equivalent to around HK$15.0 million, at an average price of roughly US$125.88 per Nebius Share (approximately HK$979.35). Following this transaction, the company still holds 14,100 Nebius Shares.

According to the announcement, the disposal yields a gain of about US$0.8 million (approximately HK$6.2 million) over the acquisition cost. The proceeds have been fully applied toward the further acquisition of TeraWulf Shares, as disclosed in an earlier announcement dated 30 October 2025.

Information extracted from published documents shows that for the year ended 31 December 2023, Nebius Group reported revenues of US$20.9 million and net income of US$265.9 million. For the year ended 31 December 2024, its revenues stood at US$117.5 million, accompanied by a net loss of US$641.4 million. Nebius is headquartered in Amsterdam, listed on Nasdaq, and specializes in large-scale GPU clusters and cloud tools for the global AI industry.

As one or more of the relevant percentage ratios for this disposal exceed 5% but are below 25%, it constitutes a discloseable transaction under Chapter 14 of the Listing Rules and is subject to announcement and reporting requirements. The company stated that the open-market nature of the disposal means the identities of the counterparties cannot be ascertained, and they are believed to be Independent Third Parties. The US$-to-HK$ conversion was based on an exchange rate of US$1.00 to HK$7.78.