JTS shares rise despite crypto slump

Published by
The Bangkok Post

Shares of Jasmine Technology Solutions (JTS), a Bitcoin mining operator, rose on Wednesday despite the current downturn in the global cryptocurrency market after the company reported impressive first-quarter revenues. According to JTS’s report to the Stock Exchange of Thailand, the company’s first-quarter revenue stood at 511 million baht, up 82.3 million baht or 19.2% year-on-year, with a total profit of 96.2 million baht, a gain of 136% from 40.9 million year-on-year. Spurred by the positive earnings report, JTS’s price-per-earnings ratio is at 1,672 times, while its share price has surged 2…

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