Starboard Urges Bitcoin Miner Riot to Speed Up Shift to Data Centers

Activist investor Starboard Value is asking Riot Platforms Inc. to speed up its transition from Bitcoin miner to a data center company that could house hyperscaler tenants.

Starboard, which helped appoint directors to Riot’s board last year, made its views known in a public letter signed by Peter Feld, Starboard’s managing member that confirmed an earlier Bloomberg News report.