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Thailand tech firm shares appreciate by 6700% post launching Bitcoin mining ops
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ambcrypto.comIn the month following China’s crackdown on miners, the Bitcoin hashrate had almost halved, data from mining pool BTC.com shows. With less competition from Chinese miners and soaring bitcoin prices, the remaining miners saw returns steadily grow.
Jasmine Technology, a Thai tech firm recorded some impressive figures in its share price after it unveiled a Bitcoin mining unit. It’s currently among the top performers in the global market. As reported by Bloomberg,
“Jasmine Technology Solution Pcl stock has more than tripled since the plan was announced in late July. Although the cryptocurrency project has yet to generate significant earnings for the firm.”
The company experienced a 6,700% increase in shares this year following the announcement.
Read more on ambcrypto.comAbout this in other media
Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse cointelegraph.com /2 years ago
Billionaire 'Bond King' Jeff Gundlach rings the recession alarm, says bitcoin is hugely overvalued, and warns against investing in China markets.businessinsider.com /2 years ago
Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report cointelegraph.com /2 years ago
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