Activist investor Starboard Value has built a “significant position” in Riot Platforms (RIOT) and is pushing for changes at the bitcoin (BTC)-mining operator, people familiar with the matter told The Wall Street Journal’s Lauren Thomas and Ben Glickman. The exact size of Starboard’s position couldn’t be learned, but Starboard has been in discussions with Riot’s management team to push the company to convert some of its bitcoin-mining facilities into capacity for large data-center users, the sources said.
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