Once built around crypto trading, the company is accelerating its push into the stablecoin and asset management businesses as it chases a place in the next wave of digital finance

image credit: Bamboo Works

Key Takeaways:
Bitfire lost up to HK$245 million in the six months through March, nearly 19 times more than its loss a year earlier

The company is accelerating its expansion into the stablecoin and asset management businesses

According to the profit warning, issued last week, Bitfire said it expects to record a net loss of up to HK$245 million ($31.28 million) for the six months through March, the first half of its fiscal year. That represents a nearly 19-fold increase from a loss of…

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