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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.
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