
Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ
Activist investor Starboard Value has made a large investment in bitcoin miner Riot Platforms (RIOT) and is pushing for changes in the company's business model, The Wall Street Journal reported, citing people familiar with the matter. Starboard has been pushing Riot to convert some of its bitcoin mining sites into data centers that can host machines to enable high-performance computing (HPC) for big tech companies, according to the story. Riot is currently a "pure-play" bitcoin miner that gets its revenue only from mining bitcoin, as opposed to some other peers, such as Core Scientific (CORZ), which has dedicated a significant…








