Bitfire Group Finalises Corporate Rebrand and Stock Short Name Change

New Huo Technology Holdings Limited ( (HK:1611) ) has provided an update.

Bitfire Group Holdings Limited, previously Sinohope Technology Holdings Limited, has formally completed its change of corporate name in both English and Chinese following shareholder approval at an extraordinary general meeting. The company’s new identity has been registered with the relevant authorities in the British Virgin Islands and Hong Kong, while its stock code on the Hong Kong Stock Exchange remains 1611.

To align its market presence with the new name, the company will change its stock short names on the Hong Kong Stock Exchange to “BITFIRE GROUP” in English and “新火集團” in Chinese from 31 March 2026. It is also shifting its corporate website to www.bitfire.com from 27 March 2026, consolidating its rebranding across trading, disclosure and investor communication channels.

The most recent analyst rating on (HK:1611) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on New Huo Technology Holdings Limited stock, see the HK:1611 Stock Forecast page.

More about New Huo Technology Holdings Limited

Bitfire Group Holdings Limited, formerly known as Sinohope Technology Holdings Limited, is incorporated in the British Virgin Islands and listed on the Stock Exchange of Hong Kong under stock code 1611. The company, which also uses a dual Chinese name, operates in the technology-related sector and maintains a presence as a non-Hong Kong company registered in Hong Kong, indicating a focus on regional capital markets and corporate services alignment.

Average Trading Volume: 1,648,417

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.76B

See more insights into 1611 stock on TipRanks’ Stock Analysis page.