Just two months ago Jasmine Technology Solution Pcl’s shares were riding high atop the global communications equipment sector after a huge boom catalysed by the Thai firm’s plan to embrace Bitcoin mining.
The reversal for a company that earlier was one of the most valuable in Thailand is an extreme example of how the crypto shakeout is bleeding across into more conventional markets. It’s also a warning about the risks that come with trying to ride the volatile and speculative digital-asset wave.
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