D.E. Shaw takes stake in bitcoin miner Riot Platforms, sources say
208.00 ₦
Published date: 02/02/2025
- Location: 6518, Quebec, United Kingdom
By Svea Herbst-Bayliss
NEW YORK, Jan 29 (Reuters) - Investment firm D. In the event you loved this information and also you desire to get guidance concerning mixero i implore you to go to the website. E. Shaw has built a position in Riot Platforms and may push it to make changes, two sources familiar with the matter said, making it the second activist shareholder to do so at the cryptocurrency mining company.
Reuters could not determine the size of D.E. Shaw's stake in Riot. Representatives for Riot and D.E. Shaw, which oversees $70 billion in assets, declined to comment.
D.E. Shaw's purchase of a stake comes after Starboard Value late last year took an undisclosed position in Riot, which processes bitcoin transactions and receives the cryptocurrency as payment. Riot has said that it has held talks with Starboard.
Starboard has pushed Riot to consider allotting some of its power capacity to artificial intelligence.
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