Activist investor Starboard Value published a letter to Riot Platforms (NASDAQ: RIOT) leadership on Wednesday detailing a strategic transition that could value shares between $23.55 and $52.60. The firm argues the company can unlock significant value by shifting its power capacity focus from bitcoin mining to AI/HPC. Starboard noted that Riot has underperformed AI/HPC peers such as TeraWulf (NASDAQ: WULF), Core Scientific (NASDAQ: CORZ), Hut 8 (NASDAQ: HUT), and Cipher Mining (NASDAQ: CIFR) in share pric ...