Bitcoin mining entry triggers massive surge


Rising fast: Representations of bitcoin are seen in this illustration. Turnover at seven Thai-licensed crypto exchanges surged to US$6.58bil or RM27.70bil in November, compared to much less a year earlier. —Reuters

BANGKOK: 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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bitcoin , mining , tech , stocks , gain ,

Next In Business News

Hextar moves into fertiliser sector
NFL Chiefs to move to Kansas with public funding package
Import-heavy sectors to gain from stronger ringgit
Healthcare players earnings visibility intact
SBS Nexus eyes RM31mil from its IPO
Stratus Global eyes foreign expansion upon listing
Amova raises stake in AHAM Capital to 97.7%
CLMT’s Johor acquisitions offer ‘strategic merit’
PMCK posts RM5.8mil profit in 2Q
External demand to support local logistics firms

Others Also Read