Starboard Value Urges Riot Platforms to Enter AI Infrastructure Market

Activist fund Starboard Value is urging Riot Platforms to diversify into artificial intelligence and high-performance computing infrastructure. According to NS3.AI, Starboard believes this strategic shift could unlock between $9 billion and $21 billion in value by utilizing Riot's existing assets in Texas. The fund cautions that delaying this move could expose Riot to potential takeover bids, as it may lag behind competitors in the expanding AI infrastructure sector.