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Will Canny

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Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a contract reporter at CoinDesk.

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Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)
Markets
Bitcoin mining
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
Investors can benefit by valuing the companies as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.
Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)
By Will Canny
Jul 25, 2024 at 4:03 p.m. UTC
Jul 25, 2024
Bitcoin MiningBernsteinAnalystsArtificial Intelligence
Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)
Markets
Jpmorgan
Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says
Riot will have the second-largest capacity among U.S. listed bitcoin miners following the purchase, and the deal serves as the latest evaluation of underdeveloped power assets...
Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)
By Will Canny
Jul 24, 2024 at 12:03 p.m. UTC
Jul 24, 2024
JPMorganBitcoin Miningmergers and acquisitionsRiot platforms
Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)
Markets
Canaccord genuity
Iris Energy Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating.
Iris Energy is poised to become one of the biggest listed bitcoin miners with HPC optionality: Canaccord. (Shutterstock)
By Will Canny
Jul 24, 2024 at 8:54 a.m. UTC
Jul 24, 2024
Canaccord GenuityBitcoin MiningIris EnergyAnalyst RatingsMinersAI
Coinbase upgraded to buy from neutral on improving regulatory risk: Citi. (Coinbase)
Markets
Us elections
Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.
Coinbase upgraded to buy from neutral on improving regulatory risk: Citi. (Coinbase)
By Will Canny
Jul 23, 2024 at 11:31 a.m. UTC
Jul 23, 2024
US ElectionsRegulationCryptoCitiAnalyst Ratings
The Ethereum blockchain experienced its highest inflationary period in the last quarter: Fidelity. (Unsplash)
Markets
Ether
Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity
Layer-2 adoption has been impressive since the Dencun upgrade in March, with transactions on these blockchains increasing around 20%, the report said.
The Ethereum blockchain experienced its highest inflationary period in the last quarter: Fidelity. (Unsplash)
By Will Canny
Jul 23, 2024 at 10:58 a.m. UTC
Jul 23, 2024
EtherFidelityEthereumInflation
Alta Novella's turbine room with 40 ASIC bitcoin miners.
Markets
Bitcoin mining
Bitcoin Miner Bitdeer Technologies Could be a Potential Takeover Target: Benchmark
The broker raised its price target for the shares to $16 from $13 while reiterating its buy rating on the stock.
Alta Novella's turbine room with 40 ASIC bitcoin miners.
By Will Canny
Jul 22, 2024 at 12:27 p.m. UTC
Jul 22, 2024
Bitcoin MiningBenchmark
Crypto market rebound likely to be temporary and not the start of a new bull market: JPMorgan. (Shutterstock)
Markets
Bitcoin
Any Near-Term Rebound in Crypto Market Likely to Be Temporary: JPMorgan
The bitcoin price is currently too high versus its production cost and relative to its volatility-adjusted comparison to gold, the report said.
Crypto market rebound likely to be temporary and not the start of a new bull market: JPMorgan. (Shutterstock)
By Will Canny
Jul 22, 2024 at 9:44 a.m. UTC
Jul 22, 2024
BitcoinJPMorganTrump
Crypto custody firm Copper receives TCSP license in Hong Kong as part of Asia Pacific expansion. (Danny Nelson/CoinDesk)
Finance
Crypto
Crypto Custody Firm Copper Receives Key License in Hong Kong as it Expands in Asia Pacific
The license permits the holder to provide trust and corporate services in the region.
Crypto custody firm Copper receives TCSP license in Hong Kong as part of Asia Pacific expansion. (Danny Nelson/CoinDesk)
By Will Canny
Jul 17, 2024 at 4:49 p.m. UTC
Jul 17, 2024
CryptoCopperClearLoopLicensesExclusive
Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)
Markets
Bitcoin mining
Core Scientific Upgraded to Buy From Neutral to Reflect HPC Expansion: B Riley
The bitcoin miner will be a leader in hosting high-performance computing due to its lucrative deals with CoreWeave and management’s deep experience in operating enterprise dat...
Core Scientific upgraded to buy from neutral to reflect HPC expansion: B Riley (Eliza Gkritsi/CoinDesk)
By Will Canny
Jul 17, 2024 at 2:50 p.m. UTC
Jul 17, 2024
Bitcoin MiningB. RileyAnalyst RatingsCore Scientific
Ether spot ETF inflows will push token to all-time highs above $5K: Bitwise. (Rob Mitchell)
Markets
Ether
Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise
It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said.
Ether spot ETF inflows will push token to all-time highs above $5K: Bitwise. (Rob Mitchell)
By Will Canny
Jul 17, 2024 at 8:28 a.m. UTC
Jul 17, 2024
EtherETFsBitcoinBitwise