Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers

Riot Platforms is engaged in both the mining of bitcoin, as well as owning and operating its own mining facilities. Vertical integration enables Riot to directly control its operations and manage input costs such as power and overhead fees, as opposed to renting out space from third-party data center operators. Riot has two business segments: Bitcoin Mining and Engineering (designing and manufacturing power distribution equipment and custom-engineered electrical products). The company is one of the largest ...