Activist investor Starboard Value has made a major investment in Bitcoin miner Riot Platforms and is calling for changes to the company’s business model. Starboard proposes that Riot convert some of its mining sites into data centers that can provide high-performance computing (HPC) for large tech companies. Riot is currently a pure-play miner that only generates revenue from Bitcoin mining.

The move marks the first time a traditional activist investor has taken a position in a publicly traded miner, encouraging its focus on data centers. 💡

How do you think Riot’s strategy change will affect its competition with other companies in the sector? Share your thoughts in the comments! 📈