Thai Tech Corporation Surges 7000% After Crypto Mining Operations

Jasmine Technology Solution Thai Tech corporation surged 7000% in stocks from $2 to $150 after announcing a crypto shift towards mining operations as we can see more today in our latest cryptocurrency news.

Whoever believes that crypto is boring, possibly doesn’t know about how much influence they can bring on the valuation of a business model for the traditional company. That is why a lot of companies are looking to make these strategic investmetns. The Thai tech company also revalued over 7000% in one year after announcing a shift to a crypto mining business model. Jasmine Technology Solution Is a telecommunications-focused company that was founded in the 1990s which announced that it will target the crypto mining business soon. The tech company stocks price surged and surpassed 6700% year-to-date growth and this was all thanks to Bitcoin.

Jasmine Technology Solution started the year with a price of $2 per share, and now each share is trading on the order of $132 as it reached a new high of $150 in December. If this bullish performance sounds unbelievable that you might want to hold on to the chair when you read that the company generated about 8BTC from the mining operations. The Thai Tech company has high expectations and its website even claims that the company intends to build the biggest BTC mining farm in Thailand with more expectations that run the most prominent crypto mining operations before the next bitcoin halving in 2024.

The goals are far more pretentious than the 8 BTC they mined so far and even one of the company’s chairman said:

“The strong response from investors has exceeded our expectations. There’s bullish optimism toward our new direction even though this is just the beginning.”

This is not the only company that is shifting to crypto. The biggest example in the crypto ecosystem is now MicroStrategy which is a cloud software company that gained a stronger public exposure and sky-high appreciation after the aggressive BTC purchase strategy driven by the CEO Michael Saylor. On the other side of the coin, companies like Kodak and HTC experimented with other devices that are targeting the crypto ecosystem to renew the brand without obtaining high details. The new corporation that dipped its toes into DeFi as of late is also RadioShack. Finally, there are companies like Long Island Ice Tea Corp that changed its name to Long Blockchain Corp and got its shares to take off and crash which ended up in thousands of lawsuits.