Riot Platforms Surges 11.3% as Starboard Pushes for Bold AI Pivot

GuruFocus.com12-13

Starboard Value is shaking things up at Riot Platforms (NASDAQ:RIOT). The activist investor, known for stirring the pot in the tech world, has taken a significant stake in the Colorado-based bitcoin ...

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The activist investor, known for stirring the pot in the tech world, has taken a significant stake in the Colorado-based bitcoin ...</p>\n\n<a href=\"https://finance.yahoo.com/news/riot-platforms-surges-11-3-171331193.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Riot Platforms Surges 11.3% as Starboard Pushes for Bold AI Pivot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRiot Platforms Surges 11.3% as Starboard Pushes for Bold AI Pivot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 01:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/riot-platforms-surges-11-3-171331193.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Starboard Value is shaking things up at Riot Platforms (NASDAQ:RIOT). The activist investor, known for stirring the pot in the tech world, has taken a significant stake in the Colorado-based bitcoin ...</p>\n\n<a href=\"https://finance.yahoo.com/news/riot-platforms-surges-11-3-171331193.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/riot-platforms-surges-11-3-171331193.html","article_id":"2491361337","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5TMJcMY3SK8gOqfnhb5Fbw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/66ecb8ebf369de76d786a0416a986968"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491361337","pubTimestamp":1734023611,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Starboard Value is shaking things up at Riot Platforms . The activist investor, known for stirring the pot in the tech world, has taken a significant stake in the Colorado-based bitcoin miner and wants Riot to dive headfirst into AI. The idea?Repurpose some of Riot's energy-guzzling bitcoin-mining facilities into hyperscale data centers to support AI powerhouses like Amazon and Google Cloud. With AI demand exploding, Riot could leverage its existing infrastructure to ride the wave of this transformative tech cycle.GuruFocus has detected 6 Warning Signs with RIOT.This isn't Riot's first pivot. The company's evolution from biotech to blockchain to crypto mining proves it's not afraid to chase new opportunities. And Starboard is pointing to Core Scientific a fellow bitcoin miner turned AI infrastructure staras the blueprint. Core Scientific, riding partnerships with Nvidia -backed CoreWeave, has seen its stock skyrocket 191% this year. 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The activist investor, known for stirring the pot in the tech world, has taken a significant stake in the Colorado-based bitcoin miner and wants Riot to dive headfirst into AI. The idea? Repurpose some of Riot's energy-guzzling bitcoin-mining facilities into hyperscale data centers to support AI powerhouses like Amazon and Google Cloud. With AI demand exploding, Riot could leverage its existing infrastructure to ride the wave of this transformative tech cycle.\n\nWarning! GuruFocus has detected 6 Warning Signs with RIOT.\n\nThis isn't Riot's first pivot. The company's evolution from biotech to blockchain to crypto mining proves it's not afraid to chase new opportunities. And Starboard is pointing to Core Scientific (NASDAQ:CORZ)a fellow bitcoin miner turned AI infrastructure staras the blueprint. Core Scientific, riding partnerships with Nvidia (NASDAQ:NVDA)-backed CoreWeave, has seen its stock skyrocket 191% this year. Riot's CEO, Jason Les, has hinted that the company is open to similar deals, making this pivot not just plausible but potentially game-changing for its investors.\nTiming is everything, and for Riot, the clock is ticking. Despite a strong crypto rally, Riot's stock has dropped 15% this year, weighed down by the bitcoin halving and missed M&A opportunities. With AI reshaping entire industries and hyperscale data centers becoming the backbone of this revolution, Starboard's plan could help Riot close the gap on competitors like Coinbase and MicroStrategy. Investors should keep a close eye on Riot's next movethis could be the company's big break into the future of tech infrastructure.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491361337"}