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Bitcoin Mining Entry Triggers a 6,700% Surge in Thai Tech Stock

  • Jasmine Technology shares are world’s top gainer among peers
  • Thai firm’s Bitcoin mining unit yet to generate much revenue
Soraj Asavaprapha
Soraj AsavapraphaSource: Jasmine Technology Solution Pcl

A world-beating share rally by a Thai technology company after it unveiled an expansion into Bitcoin mining has surprised even the firm’s chairman. 

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. Year-to-date, the share surge is nearly 7,000%, most among global tech companies with a market value of at least $2 billion, according to data compiled by Bloomberg.