Bitcoin Tumble Sends Thai Tech Stock From First to Last in World

Just two months ago Jasmine Technology Solution Pcl’s shares were riding high atop the global communications equipment sector after a huge boom catalyzed by the Thai firm’s plan to embrace Bitcoin mining.
Now the picture is starkly different. A cryptocurrency rout has sparked a near-80% collapse in the stock since an April peak, lopping about $10 billion off its market value and leaving the firm pinned to the bottom of the group.