Aoyon Ashraf

Aoyon Ashraf is CoinDesk's Global Head of News and is responsible for all of the editorial content and strategies. 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 the University of Toronto with a degree in mining engineering. He holds ETH, BTC, and SOL that are above CoinDesk's disclosure threshold of $1,000. He also holds LINK, ATOM and some other altcoins that are below CoinDesk's disclosure threshold of $1,000.

Aoyon Ashraf

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Finance

Bitcoin Mining Stocks Soar Amid Takeover Frenzy

The stocks are undervalued, so miners with attractive power contracts could become M&A targets, according to Wall Street analysts.

Wall Street has bitcoin mining mergers on its mind. (Chenyu Guan/Unsplash)

News Analysis

Cathie Wood's Ether ETF Pullback Is Likely Due to Fee War

The asset manager’s name was removed from a recent document filed with the Securities and Exchange Commission in preparation for the launch and later confirmed that it dropped out of the race.

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

Finance

Core Scientific Rejects CoreWeave's Over $1B Buyout Offer

The board of Core Scientific rejected CoreWeave's offer to buy the miner for $5.75 per share.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Markets

Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

U.S. listed bitcoin miners have access to large amounts of power, making them potential takeover targets for hyperscalers and AI firms, the report said.

A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)

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Markets

Riot Platforms Falls After the Bitcoin Miner Is Targeted by Short-Seller Kerrisdale

The firm has previously targeted MicroStrategy.

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

Markets

Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says

ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said.

Digitally rendered Ethereum logo (Unsplash)

Finance

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave

Cloud computing provider CoreWeave made an offer to buy the bitcoin miner for $5.75 per share, according to Bloomberg.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Tech

Bitcoin Layer 2 Ark Protocol's Team Forms New Firm as Lightning Network Competitor

Layer-2 protocol Ark is built to allow off-chain payments in a way that avoids what creator Burak Kecli referred to as "inbound liquidity" problem of Lightning.

Ark (Greg Reese/Pixabay)

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Finance

Alan Howard-Backed Elwood Technologies in Talks to Sell Part of the Business: Sources

Elwood is focusing on its existing portfolio management and risk management services and less on the trading side, one source said.

(Markus Spiske/Unsplash)

Finance

Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects

The company will help monetize stranded energy in the African country and help manage its renewable energy production.

MARA Holdings CEO Fred Thiel (CoinDesk)