Starboard Value has urged Riot Platforms to accelerate its efforts in AI and high-performance computing deals, citing the company’s significant 1.7 GW of available power and strategic locations in Corsicana and Rockdale. This push comes amid a broader trend where activist investors are advocating for Bitcoin miners to diversify into AI hosting, as the demand for power-intensive data centers surges. Riot has already indicated interest in leveraging its substantial power resources beyond traditional cryptocurrency mining, capitalizing on the advantageous infrastructure available at its Texas-based sites.
Starboard Value urges Riot Platforms to accelerate AI deals
