Just to leave a warning here for everyone considering to install Exchange SE on Windows Server 2025 to migrate over:
There is a critical ReFS (the filesystem being recommended for Databases & Logs) Bug right now in Windows Server 2025 Microsoft is working on.
It get's triggered as Volume utilization goes up naturally as you migrate mailboxes and finally the volume access gets slower and slower. Exchange Service turning crazy and you end up with Dismounted / Disconnected Databases as the Exchange Services are also unable to access the DB's / Logs anymore. Microsoft is aware of this issue and working on it, but the fix isn't published yet. You don't want to end up in that situation at the end of your migration.