Bitfire Group Holdings Limited
1611.HK
Hong Kong Stock Exchange2.23
HKD
+0.09
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Bitfire Group Holdings Limited
1611.HK
(Hong Kong Stock Exchange)
Recent
price
2.23
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Sinohope Technology Holdings Limited (1611.HK) is an investment holding company principally engaged in virtual asset ecosystem services, blockchain technology solutions, and contract manufacturing of energy-related electric and electronic products. The company operates through three main segments: Virtual Asset Ecosystem, offering digital asset management, cryptocurrency trading, virtual currency mining, trust and custody services including centralized custodian solutions, MPC self-custody wallets, and Wallet-as-a-Service for Web3 developers; Provision of Technology Solution Services, providing blockchain, virtual assets, financial technology, and big data-related solutions, software-as-a-service, peripheral accessories such as browsers and faucets, and fundamental decentralized applications; and Contract Manufacturing, focused on the production and sale of power-related electrical and electronic products. Incorporated in 1990 and headquartered at Unit 702-37/F, 100 Queen's Road Central, Central, Hong Kong, Sinohope primarily serves customers in the blockchain, fintech, virtual assets, and big data sectors across Asia, with a focus on Hong Kong and the People's Republic of China; it holds Hong Kong licenses including Type 4, Type 9, and TCSP, and has obtained SOC 2 Type 1 and Type 2 certifications along with FIPS 140-2 Level 3 for its cold wallet. Formerly known as New Huo Technology Holdings Limited, the company changed its name to Sinohope Technology Holdings Limited in September 2023 to reflect its strategic pivot toward digital assets. Recent developments include the completion of a very substantial acquisition of the entire equity interest in Avenir Asset Holding Limited in January 2025 for HK$30.51 million and a 7.69% stake in BitTrade Co., Ltd. in May 2025 for $2.4 million to expand its cryptocurrency trading and compliance exchange capabilities in Japan; in October 2025, it granted 2.829 million shares as employee incentives; additionally, it collaborates with UK insurer Arch Insurance Group Inc. for cold wallet coverage and maintains multi-level disaster recovery with MPC-CMP protocols, HSM, and TEE technologies.