Based on earnings of just $2 per share, Jasmine Technology Solution’s earnings per share rose to $150 in 2021 following the news of crypto mining that currently does not mine more than 10 BTC.
whoever thinks cryptocurrencies It’s tedious to know exactly how much influence it has on valuing traditional companies’ business models.
Will it be an exaggerated advertisement or a strategic investment? But the Thai tech company saw a nearly 7000% profit revaluation within a year after announcing it would change its business model to focus more on crypto mining.
Jasmine Technology Solution, a telecommunications company founded in the year 1990 announced in July of this year that the company would be targeting the mining business. soon cryptocurrency
And whoever thinks this announcement is just a crypto-related thing, it doesn’t have much significance. It means that I haven’t seen the company’s stock chart for sure. It was because of this rebound that Jasmine Technology Solution’s share price skyrocketed. Surpasses year-to-date growth (accounting period from the first day of the year to the present day) by 670% and thanks to the magic of Bitcoin.
Jasmine Technology Solution kicked off the year at a fixed price of $2 per share today, each trading at $132.5 and hitting a new high (ATH: All-Time High) of $150 on Dec. 15.
since then The price was definitely swaying in no direction. It fluctuated between $236 and $138 per share.
And if you think that this bull market looks too real You might have to hold onto your chair to learn that this company made up to 8 BTC mining – this is not a typo.
Expectations for Jasmine Technology Solution are high. The website claims that the company intends to build the largest Bitcoin mining farm in Thailand. with the expectation that it will be a place to dig cryptocurrency It is the most dominant in Southeast Asia before Bitcoin is halved in 2024.
These goals are even more exaggerated than the 8 Bitcoins they have mined. Even one of the company’s presidents, Sorat Asavaprapha, said in an interview with Bloomberg that the response from investors was astonishing.
“The response from investors has exceeded expectations. There are signs of positive feedback on the new direction of our company, even if it is just the beginning.”
This isn’t the only company to use it. cryptocurrencies Another most striking example in the crypto ecosystem is MicroStrategy. A cloud-based software company that has gained a lot of public attention. It also received uninterrupted admiration. By executing Bitcoin purchases according to the strategy of CEO Michael Saylor.
On the other hand, companies like HTC and Kodak have been experimenting with launching devices aimed at the crypto ecosystem as a way to renew their brands. But the results are not very good. Including a new company that is trying to enter the field of DeFi, another such as RadioShack.
and at the end Other companies, such as tea and lemonade maker Long Island Ice Tea Corp., suddenly changed their name to Long Blockchain Corp. This caused the company to lose its shares and ended up facing lengthy lawsuits.
No one knows the future of Jasmine Technology Solution, and the possibilities are endless. —Whether it’s good or bad for the company.