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

Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup

Startup miner Aspen Creek Digital has 30MW worth of capacity at its Texas facility, making Compass one of its largest customers.

Aspen Creek is just one bitcoin mining facility that tapped Texas' cheap, but atypical, electricity grid. (Aspen Creek)

Finance

Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10%

The company now sees year-end computing power at 5.5 exahash per second, up 10% from the previous outlook.

CleanSpark's immersion-cooled bitcoin miners at a site in Norcross, Georgia. (Eliza Gkritsi/CoinDesk)

Finance

Wall Street Analyst ‘Pulling the Plug’ on Bitcoin Miners Owing to Bear Market Woes

DA Davidson analyst Chris Brendler downgraded Core Scientific and Argo Blockchain from buy to neutral and said the bank has grown “increasingly concerned” about the miners.

Core Scientific facility in North Carolina. (Core Scientific)

Finance

Crypto Hardware Maker Fabric Systems Raises $13M in Seed Funding

Skype co-founder Jaan Tallinn's Metaplanet was among the investors.

CleanSpark's immersion cooling facility in Norcross, Georgia (Eliza Gkritsi/CoinDesk)

Finance

Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM

Acquisition opportunities are arising amid a crypto bear market that is squeezing miners.

Crusoe Energy President Cully Cavness (left) and CEO Chase Lochmiller (right) (Crusoe)

Finance

Crypto Services Firm Luxor to Offer Derivatives for Bitcoin Miners to Hedge Risk

The new product will be based on “hashprice,” a term coined by Luxor to refer to the revenue miners earn from a unit of hashrate.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Tech

Bitcoin Mining Is About to Get Tougher With Difficulty Primed for Another Sharp Rise

Miners with higher cost and large debt load will be weeded out by the crypto winter, according to industry experts.

(DALL-E/CoinDesk)

Finance

Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North

The miner also has about $50 million in security deposits and prepayment to Compute North for hosting Marathon’s bitcoin miners.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Grayscale’s New Venture Aims to Capture Bear Market Opportunities in Bitcoin Mining

Digital asset mining and staking infrastructure firm Foundry,will manage the day-to-day operations of Grayscale’s new co-investment vehicle

Grayscale CEO Michael Sonnenshein (CoinDesk archives)

Finance

Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months

The miner currently has 140 megawatts of total computing power in its two facilities.

Crypto mining rigs (Eliza Gkritsi/CoinDesk)