Aoyon Ashraf

Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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Finance

DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings

The stock is still “super cheap” compared to other mining peers, analyst says.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). 
(Stronghold Digital Mining)

Tech

Blockware Solutions Builds 20MW Bitcoin Mining Data Center in Kentucky

The facility has potential to be expanded to 75MW.

Blockware Solution's Kentucky data center. (Blockware Solutions)

Finance

Bitcoin Miner Iris Energy Gets $71M Equipment Financing From NYDIG

The financing is backed by 19,800 Bitmain S19j Pro miners that have hashrate of about 1.98 exahash per second.

Bitcoin mining ASICs submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)

Layer 2

Is Miner Concentration Once Again Jeopardizing Bitcoin? Not Exactly

The high percentage of hashrate now located in North America may look like China 2.0, but the reality is more complicated.

The bitcoin mining industry is concentrating in the U.S. (Melody Wang/CoinDesk)

Finance

Bitcoin Miner TeraWulf’s Stock Can Rally Almost 160%, Says Analyst

B. Riley initiated the environmentally sustainable miner’s stock with a buy rating and a 12-month price target of $24.

Graphics processing units (GPUs) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2020. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg

Finance

ExxonMobil Running Pilot Project to Supply Flared Gas for Bitcoin Mining: Report

The oil giant is looking to make use of natural gas that would otherwise be wasted at sites around the world, according to Bloomberg.

A logo sits illuminated outside the Exxon Mobil Corp. corporate pavilion during the 21st World Petroleum Congress in Moscow, Russia, on Monday, June 16, 2014. Work between Texas-based Exxon, the world's largest oil company by market value, and state-run Rosneft on Sakhalin Island in Russias Far East provides a template for further exploration, especially in the Arctic's Kara Sea, Exxon Mobil Corp. Chief Executive Officer Rex Tillerson said at the World Petroleum Congress in Moscow today. Photographer: Andrey Rudakov/Bloomberg via Getty Images

Finance

Riot Blockchain’s COO to Exit After One Year

Megan Brooks-Anderson was promoted to chief operating officer in April 2021.

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Layer 2

The Future of Mining Finance: Time to Get Creative

To finance mining rigs in a down market, firms will have to look beyond stock issuance. They may have to borrow against their machines or mined crypto or put themselves up for sale.

(Wikimedia Commons)

Finance

Mining Industry Not That Worried by SEC’s Proposed New Climate Reporting Rules

Some of the requirements might be challenging for smaller publicly-traded miners to comply with, however.

CoinDesk placeholder image

Layer 2

Why Do Old-Line Businesses Enter Crypto Mining? Simple: Fat Profits

Even though mining margins have shrunk since crypto prices corrected, for now they’re big enough to keep luring entrants from sectors like prepackaged food and anti-aging formulas.

(Illustration: Rachel Sun)