Starboard Value

Company

Last mentioned: 4d ago

Stories mentioning Starboard Value 2

Starboard Value Pressures Riot Platforms to Accelerate AI/HPC Transformation

Activist investor Starboard Value has issued a formal letter to Riot Platforms' leadership, urging a faster pivot toward AI and high-performance computing (HPC) hosting. The move, which sent shares up nearly 6%, highlights a growing valuation gap between Riot and its more aggressive crypto-mining peers.

4d ago 2 sources

Leadership Neutral

Starboard Value Urges Riot Platforms to Accelerate AI Data Center Pivot

Activist investor Starboard Value is reportedly pressuring Riot Platforms to transition its Bitcoin mining infrastructure into data centers for AI hyperscalers. The move aims to capitalize on the surging demand for AI compute power and close the valuation gap between miners and infrastructure providers.

4d ago 2 sources