Bitcoin Miner Riot Platforms (Riot) is a target of a second activist investor, Reuters noting that the Shaw investment management giant has taken an unpertified participation.
Shaw’s decision, which manages $ 70 billion in assets, comes just a few weeks after another activist investor, starboard (around $ 9 billion in AUM), has taken a stand in Riot. At the time of Starboard’s investment, the WSJ reported that the investor pushed Riot to convert some of his bitcoin extraction sites into data centers that could host machines to allow high performance IT (HPC) For large technological companies.
Reuters did not specify if DE Shaw will exert a similar pressure on the minor. However, the report indicates that the investment company is known to continue an activist strategy with a preference for negotiating with companies outside the spotlight.
Earlier this month, Riot said that he started a formal assessment of potential uses of artificial intelligence / HPC for his 600 megawatts (MW) remaining electrical capacity in one of his facilities.
The Bitcoin mining industry had to face intense profit pressure after reducing half of the bitcoin earlier this year (which reduced the profitability of mines), which led some minors to seek means of means Diversify their sources of income. Although there has been some enthusiasm in the feeling of investors and equity courses in recent months after Riot Peer Core Scientific (CORZ) signed an agreement of several billion dollars with a hyperscaler – a company operating centers Large -scale data for Cloud Computing and AI – which has disappeared this question the week with the emergence of Chinese depth, which would only need a tiny fraction of AI games based on the computing power Americans would need.
Corz, to name just one, has been approximately 30% lower since Monday. For its part, the riot is 18% lower over the same period and is almost stable over one year on the other. Actions are up 1% today.
