Tuesday, May 20, 2025

Thai tech firm surged nearly 7000% after Bitcoin mining entry

Shares of Jasmine Technology have risen nearly 7,000 percent since the start of this year. The price surge accelerated after the company announced at the end of July that it would focus on mining bitcoins, reports Bloomberg.

The Thai company’s crypto project has not seen much revenue in recent months, but its share gains are the largest among global tech companies worth more than $2 billion, according to Bloomberg. The current market cap of Jasmine Technology is approximately $2.7 billion.

Jasmine Technology, which is listed on the Bangkok Stock Exchange in Thailand, also sells telecom equipment. The company started last July with 325 computers that mine bitcoins. So far, it has generated eight bitcoins.

The 8 bitcoins have a total value of approximately $400,000 at the current bitcoin price of approximately $50,000. However, Jasmine Technology’s stock market cap has increased by about $2 billion since July.

The company says it will start mining more bitcoins. In an interview with Bloomberg, chairman Soraj Asavaprapha said the Thai company plans to invest about $98 million in (7,000 new) Bitcoin mining computers next year.

About 80 percent of the company’s total revenue will come from revenue generated by its Bitcoin business. According to Soraj Asavaprapha, those can be profitable as long as BTC remains above $30,000.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Name Price24H % Supply Volume Market Cap
kinza-babylon-staked-btc
Kinza Babylon Staked BTC
$83,270.00
0.00%
6,728,600,524,140,000,256.00 KBTC
$4.16
$10,000,000,000,000,000,000,000.00
steakhouse-eurcv-morpho-vault
Steakhouse EURCV Morpho Vault
$100,000,000,000,000.00
0.00%
1,000,000,000,000,000,000.00 STEAKEURCV
$0.00
$10,000,000,000,000,000,000,000.00
stride-staked-injective
Stride Staked Injective
$16.52
-4.28%
73,838,138,659,315,008.00 STINJ
$216.54
$1,219,691,675,609,022,720.00
vested-xor
Vested XOR
$3,407.11
9,999.99%
99,999,116,564,115.69 VXOR
$762.42
$340,707,768,191,362,560.00
fibo-token
FibSwap DEX
$0.0085
9.90%
69,151,716,404,404,600.00 FIBO
$1,413.48
$585,403,344,542,465.00
trufin-staked-apt
TruFin Staked APT
$8.02
0.00%
9,943,901,817,715.63 TRUAPT
$20,522.00
$79,729,775,627,772.00
equitypay
EquityPay
$0.056
5.44%
1,149,941,993,000,000.00 EQPAY
$221,578.00
$64,943,460,446,278.00
bitcoin
Bitcoin
$105,887.00
2.87%
19,867,118.00 BTC
$38,572,567,042.00
$2,104,803,529,967.00
ethereum
Ethereum
$2,549.32
6.84%
120,727,314.97 ETH
$26,707,515,608.00
$307,893,282,351.00
tether
Tether
$1.000
0.00%
151,585,061,300.43 USDT
$70,666,554,385.00
$151,606,836,057.00
ripple
XRP
$2.37
1.30%
58,622,147,738.00 XRP
$3,427,724,082.00
$139,126,851,157.00
usdex-stablecoin
USDEX
$1.07
-0.47%
103,350,611,249.42 USDEX
$127,433.00
$110,959,993,107.00
binancecoin
BNB
$651.49
1.88%
145,887,575.79 BNB
$752,899,175.00
$95,038,302,949.00
solana
Solana
$168.81
3.72%
519,934,759.12 SOL
$5,101,080,726.00
$87,874,549,749.00
wrapped-solana
Wrapped SOL
$143.66
-2.32%
585,876,593.80 SOL
$552,351,432.00
$84,169,742,643.00
usd-coin
USDC
$1.000
0.00%
60,610,768,945.53 USDC
$8,435,379,011.00
$60,604,535,675.00
dogecoin
Dogecoin
$0.226
3.13%
149,279,616,383.71 DOGE
$2,085,767,687.00
$33,695,558,836.00
cardano
Cardano
$0.740
2.30%
36,064,516,886.45 ADA
$736,496,147.00
$26,714,462,158.00
tron
TRON
$0.271
3.32%
94,889,231,521.86 TRX
$697,230,636.00
$25,748,260,264.00
staked-ether
Lido Staked Ether
$2,547.32
6.97%
9,083,082.70 STETH
$45,372,188.00
$23,143,606,832.00
wrapped-bitcoin
Wrapped Bitcoin
$105,813.00
3.23%
128,814.96 WBTC
$347,191,436.00
$13,633,387,675.00
sui
Sui
$3.86
3.81%
3,338,327,017.91 SUI
$1,617,437,393.00
$12,901,548,339.00
content-bitcoin
Content Bitcoin
$24.98
3.54%
500,000,000.00 CTB
$119,178.00
$12,487,923,202.00
gaj
Gaj Finance
$0.0059
1.28%
2,094,398,844,238.15 GAJ
$28.90
$12,402,003,123.00
usd1
USD One
$1.00
0.100%
12,000,000,000.00 USD1
$18,521.57
$12,001,500,605.00
wrapped-steth
Wrapped stETH
$3,073.11
7.77%
3,475,933.44 WSTETH
$37,283,304.00
$10,682,394,367.00
ugold-inc
UGOLD Inc.
$3,044.26
0.140%
3,215,075.00 UGOLD
$14,613,354.00
$9,785,356,262.00
avalanche-2
Avalanche
$22.41
3.06%
420,743,021.61 AVAX
$371,205,803.00
$9,433,569,464.00
parkcoin
Parkcoin
$1.11
2.45%
8,500,000,000.00 KPK
$292,877.00
$9,426,575,920.00
stellar
Stellar
$0.286
1.58%
31,072,269,932.91 XLM
$193,695,108.00
$8,891,047,931.00
hyperliquid
Hyperliquid
$26.47
3.09%
333,928,180.00 HYPE
$171,670,134.00
$8,867,964,105.00
shiba-inu
Shiba Inu
$0.000015
2.78%
589,249,745,979,721.00 SHIB
$236,292,222.00
$8,631,273,759.00
hedera-hashgraph
Hedera
$0.196
3.53%
42,239,760,473.88 HBAR
$163,058,469.00
$8,280,121,879.00
leo-token
LEO Token
$8.71
1.37%
923,416,898.90 LEO
$3,025,529.00
$8,040,799,601.00
bitcoin-cash
Bitcoin Cash
$393.24
2.65%
19,871,915.52 BCH
$167,041,026.00
$7,820,209,306.00
the-open-network
Toncoin
$3.06
0.430%
2,490,826,311.83 TON
$189,288,329.00
$7,619,321,269.00
litecoin
Litecoin
$97.54
2.05%
75,871,883.23 LTC
$475,409,997.00
$7,398,383,054.00
polkadot
Polkadot
$4.64
2.69%
1,522,267,060.00 DOT
$216,152,436.00
$7,066,874,689.00
usds
USDS
$1.000
-0.01%
7,019,299,030.48 USDS
$15,984,987.00
$7,018,201,817.00
weth
WETH
$2,547.14
7.00%
2,726,631.61 WETH
$52,167,846.00
$6,956,946,983.00
yay-stakestone-ether
Yay StakeStone Ether
$2,668.36
-2.93%
2,569,838.56 YAYSTONE
$2,031.85
$6,857,936,219.00
monero
Monero
$347.77
1.09%
18,446,744.07 XMR
$87,894,298.00
$6,416,569,377.00
bitget-token
Bitget Token
$5.20
1.95%
1,169,993,089.20 BGB
$77,495,753.00
$6,084,098,276.00
wrapped-eeth
Wrapped eETH
$2,728.82
7.43%
2,226,477.98 WEETH
$14,145,131.00
$6,076,054,772.00
pundi-aifx
Pundi AIFX
$16.00
0.00%
378,605,524.00 PUNDIAI
$65,853.00
$6,056,490,477.00
binance-bridged-usdt-bnb-smart
Binance Bridged USDT (BNB Smar
$1.00
0.070%
5,984,993,799.59 BSC-USD
$3,305,796,794.00
$5,995,184,419.00
pepe
Pepe
$0.000013
4.01%
420,690,000,000,000.00 PEPE
$1,474,340,364.00
$5,610,574,708.00
pi-network
Pi Network
$0.735
0.130%
7,193,097,272.37 PI
$176,552,167.00
$5,298,628,704.00
murasaki
Murasaki
$4.23
-13.71%
1,000,000,000.00 MURA
$212,586.00
$5,007,171,706.00