JTS shares surge 6,635%
Prices skyrocket on Bitcoin mining plan
Shares of SET-listed Jasmine Technology Solutions (JTS) skyrocketed 6,635% in 2021, spurred by its plan to ramp up its Bitcoin mining business while many other firms involved in the cryptocurrency business have also reported excellent returns that outperformed the market last year.
Asia Plus Securities said the share price of JTS spiked from around 2 baht at the beginning of the year to 130 baht as of Dec 27, raising the market cap of JTS from 1.1 billion baht to 91.84 billion baht during the same period.
The price surge reflects the Thai cryptocurrency market’s growing population and investors’ enthusiasm.
According to CoinDesk.com, Bitcoin reportedly generated returns of about 75% as of Dec 27. Its price moved around $50,050 and peaked at $68,990…
