Brainhole Technology Executes Major Disposal of TeraWulf Shares With Controlling Shareholder Approval

An update from Brainhole Technology Limited ( (HK:2203) ) is now available.

Brainhole Technology Limited has executed a further disposal of 212,300 shares in U.S.-listed TeraWulf through the open market on 4 March 2026, raising about US$3.2 million in cash at an average price of roughly US$14.86 per share. Together with an earlier sale within the past 12 months, the aggregate consideration from disposals of TeraWulf securities amounts to approximately US$5.1 million, prompting classification of the transaction as a major disposal under Hong Kong Listing Rules.

Because the aggregated transaction size exceeds 25% but remains below 75% under the relevant percentage ratios, the disposal triggers reporting, announcement, circular and shareholder approval requirements. The company has secured written approval from controlling shareholder Yoho Bravo Limited, which holds about 74.96% of Brainhole’s issued share capital, allowing it to bypass an extraordinary general meeting and proceed while committing to circulate an information circular to shareholders within 15 business days.

The most recent analyst rating on (HK:2203) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Brainhole Technology Limited stock, see the HK:2203 Stock Forecast page.

More about Brainhole Technology Limited

Brainhole Technology Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2203. The group actively invests in and trades listed securities as part of its capital management activities, using disposals and portfolio adjustments to optimize returns and comply with Hong Kong Listing Rules requirements.

Average Trading Volume: 1,562,964

Technical Sentiment Signal: Sell

Current Market Cap: HK$151.2M

For a thorough assessment of 2203 stock, go to TipRanks’ Stock Analysis page.