Hong Kong stock market movement: BITFIRE GROUP (01611) jumped more than 11% in morning trading. As of press time, the stock 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, representing a quarter-on-quarter increase of 60.1%. For the three months ended September 30, the group's crypto asset trading volume was approximately US$342 million, up about 362.2% quarter-on-quarter.

In addition, as of September 30, the total assets under custody and client wealth management assets at its Japan-licensed compliant digital asset exchange BitTrade amounted to approximately US$113 million, with registered users growing to more than 306,000.

BITFIRE GROUP believes that the steady growth across its operating metrics reflects the group's leading position in the compliant digital asset wealth management sector. Looking ahead, the group will leverage the relevant licenses it has obtained in Hong Kong and Japan to continue expanding its assets under management.