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Starboard Urges Riot to Speed Up Shift to Data Centers

Activist investor Starboard Value is asking Riot Platforms 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. Bloomberg's Lauren Tara LaCapra discusses on "Bloomberg Deals". (Source: Bloomberg)