HK Stock Market Move | BITFIRE GROUP (01611) rose over 11% in morning trading; digital assets under management grew 60% quarter-on-quarter to US$221 million.

BITFIRE GROUP (01611) rose over 11% in morning trading. As of press time, it was up 11.28% at HK$1.775. On the news front, BITFIRE GROUP recently announced that as of September 30, the group's digital asset management business had assets under management (AUM) of approximately US$221 million, up 60.1% quarter-on-quarter. For the three months ended September 30, the group's crypto asset trading volume was approximately US$342 million, up approximately 362.2% quarter-on-quarter. In addition, as of September 30, the total of custodied assets and client wealth management assets at its Japan-regulated digital asset exchange BitTrade was approximately US$113 million, with registered users increasing to more than 306,000. BITFIRE GROUP believes that the steady growth across its operating metrics reflects the group's leading position in the regulated digital asset wealth management sector, and that it will continue to expand its assets under management in the future by leveraging the relevant licenses it has obtained in Hong Kong, Japan and other locations.