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.