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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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)

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Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite

China's two biggest cloud mining platforms plan to go public on the Nasdaq via SPAC deals this year, at a time when crypto and broader markets have pulled back from their peaks.

Jihan Wu, now chairman and founder of Bitdeer, in 2018 (Bloomberg/Getty Images)

Finance

Pipe Introduces Alternative Financing Product for Bitcoin Miners

The trading platform worked with Compass Mining for several months before launching the product.

Compass (Unsplash)

Finance

Mawson's Q4 Revenue Rises 79% From Q3

The bitcoin miner boosts its hashrate estimate for next year by 10%.

Bitcoin mining machines (Getty Images)

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What Does a Crypto Mining Farm Look Like? Striking Photos From Siberia to Spain

CoinDesk reporters traveled across Europe, Asia and North America to capture the diversity of cryptocurrency mining facilities. This piece is part of CoinDesk's Mining Week.

A crypto mining farm (Sandali Handagama/CoinDesk)

Finance

Hut 8’s Data Center Deal Will Set It Apart From Peers, Analyst Says

Hut 8 closed on its C$30 million purchase of 5 of TeraGo’s Canadian data centers on Jan. 31.

Hut 8 plant

Finance

Bitcoin Miner TeraWulf Sets 2022 Hashrate Guidance

The company, which went public in December and counts among its backers actress Gwyneth Paltrow, also said its 2025 expectations remain on track.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Finance

Crypto Miner Hut 8 Reports Surprise Q4 Loss

The company's revenue was in line with expectations, but Ebitda missed estimates.

Hut 8 plant

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Finance

Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector

The Colorado-based miner beat analysts' estimates for 2021 sales due to a higher company hashrate and bitcoin price.

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

Finance

Canaan Shares Surge as Company Authorizes up to $100M Buyback Program

The mining-rig computer maker says its new plan shows its confidence in the company’s long-term prospects.

bitcoin mining canaan