🚀 Big moves in the crypto world! Activist investor Starboard Value has taken a significant stake in bitcoin miner Riot Platforms (RIOT) and is advocating for a shift in their business model. The push is for Riot to transform some of its mining sites into data centers for high-performance computing (HPC), aligning with trends seen in peers like Core Scientific.

- Riot's CEO, Jason Les, has hinted at potential partnerships with tech giants, but no deals yet.

- The bitcoin mining sector is evolving, with firms like Galaxy Digital and IREN exploring AI and HPC opportunities.

What do you think about this shift in strategy? Share your thoughts in the comments!