Shares of Thai Jasmine Technology Solutions rose 7000% in 2021, which was the best result among technology companies in the world with a capitalization of more than $ 2 billion, Bloomberg reports.
Jasmine Technology shares more than tripled after the company announced in July that it would be mining cryptocurrencies, the agency notes. Since then, the company has mined just eight bitcoins on 325 mining machines, which hasn’t stopped its share price skyrocketing. “The strong investor response has exceeded our expectations,” Jasmine Technology CEO Soraj Asawaprafa said in an interview with Bloomberg.
The company intends to invest another 3.3 billion baht ($ 98 million) in cryptocurrency mining next year and purchase about 7 thousand devices for mining. According to the forecasts of the company itself, mining will bring it up to 80% of total income by the end of 2022.
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