Deep Tide TechFlow news, on December 13, according to the Wall Street Journal citing informed sources, U.S. hedge fund Starboard Value has taken a stake in Riot Platforms, with specific holding details unknown, and is pushing the company to improve its business model.

According to reports, Starboard has been urging Riot to convert some of its Bitcoin mining sites into data centers to host machines and provide high-performance computing (HPC) for large tech companies.

According to its website, Starboard seeks to invest in severely undervalued companies and actively collaborates with management teams and boards to identify and execute various opportunities to unlock value for the benefit of all shareholders.