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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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New and old bitcoin mining rigs at CleanSpark's site in Georgia.
Finance
Bitcoin
Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs
Institutional investors will be able to buy bitcoin futures at below-market rates from miners using sustainable energy.
New and old bitcoin mining rigs at CleanSpark's site in Georgia.
By Will Canny
Jul 16, 2024 at 1:00 p.m. UTC
Jul 16, 2024
BitcoinBitcoin Miningmining poolFuturesMiners
Bitcoin miners (Hashlabs Mining)
Markets
Bitcoin
U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan
The aggregate market cap of 14 tracked bitcoin miners listed in the U.S. rose 29% since the end of June, the report noted.
Bitcoin miners (Hashlabs Mining)
By Will Canny
Jul 16, 2024 at 12:24 p.m. UTC
Jul 16, 2024
BitcoinBitcoin MiningJPMorgan
Ether spot ETFs could see up to $5.4 billion of net inflows in first six months: Citi. (Rob Mitchell)
Markets
Ether
Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi
Spot ether exchange-traded funds are expected to see 30%-35% of bitcoin ETFs' net inflows, and may disappoint due to other factors such as the lack of staking, the report said...
Ether spot ETFs could see up to $5.4 billion of net inflows in first six months: Citi. (Rob Mitchell)
By Will Canny
Jul 16, 2024 at 9:17 a.m. UTC
Jul 16, 2024
EtherBitcoinETFsCiti
Alta Novella's turbine room with 40 ASIC bitcoin miners.
Markets
Bitcoin mining
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Alta Novella's turbine room with 40 ASIC bitcoin miners.
By Will Canny
Jul 12, 2024 at 9:08 a.m. UTC
Jul 12, 2024
Bitcoin Miningshort-sellingIris EnergyAIEquitiesBernstein
Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund. (Jason Leung/Unsplash)
Finance
Ai
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund. (Jason Leung/Unsplash)
By Will Canny
Jul 12, 2024 at 7:00 a.m. UTC
Jul 12, 2024
AIVenture CapitalWeb3Fundraising
Crypto liquidations to end this month with the market expected to rebound in August: JPMorgan. (Shutterstock)
Markets
Crypto
Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.
Crypto liquidations to end this month with the market expected to rebound in August: JPMorgan. (Shutterstock)
By Will Canny
Jul 11, 2024 at 12:32 p.m. UTC
Jul 11, 2024
CryptoBitcoinMt. GoxGeminiJPMorgan
Bitcoin miners are attractive partners to build AI data centers: Bernstein. (Shutterstock)
Markets
Bitcoin mining
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
The broker initiated coverage on miners Iris Energy and Core Scientific with outperform ratings.
Bitcoin miners are attractive partners to build AI data centers: Bernstein. (Shutterstock)
By Will Canny
Jul 10, 2024 at 8:26 a.m. UTC
Jul 10, 2024
Bitcoin MiningBernstein
Storj said it acquired cloud-computing firm Valdi without disclosing terms. (Growtika/Unsplash)
Finance
Storj
Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed
Valdi allows customers to use available GPU compute cycles in data centers across the world.
Storj said it acquired cloud-computing firm Valdi without disclosing terms. (Growtika/Unsplash)
By Will Canny
Jul 9, 2024 at 12:30 p.m. UTC
Jul 9, 2024
Storjmergers and acquisitionsAICloud ComputingGPUs
Crypto market caps fell in June across most of the ecosystem, JPMorgan says. (Shutterstock)
Finance
Crypto
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.
Crypto market caps fell in June across most of the ecosystem, JPMorgan says. (Shutterstock)
By Will Canny
Jul 8, 2024 at 1:43 p.m. UTC
Jul 8, 2024
CryptoBitcoinBitcoin MinersJPMorganStablecoin
A photo of four mining rigs
Finance
Bitcoin miners
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.
A photo of four mining rigs
By Will Canny
Jul 8, 2024 at 9:06 a.m. UTC
Jul 8, 2024
Bitcoin MinersJefferiesBitcoinMarathon DigitalArgo Blockchain