D.E. Shaw and Starboard Target Riot Platforms
According to reports, the investment company De Shaw has acquired the shares of the Bitcoin Miner Riot platform.
Although the exact scale of De Shaw has not been disclosed, the company’s participation signal may change on the company’s horizon.
Excited investors De Shaw and Starboard are caught in riot
De Shaw manages $ 70 billion in assets and is famous for its strategic investment. According to Reuters ReportThe company may promote the use of new methods or reorganize its business in some aspects.
De Shaw is not an aggressive investor, but uses actionism as a tool in the case.
This move is that after the value of the latter side of the radical investor has gained important significance bet In the riots in December. The field side is known for its company that is trying to influence its investment. It may pursue the purpose of improving profitability or changes in corporate strategy.
“Wall Street Journal” Report Want that star side Ri riots conversion to some bitcoin mining facilities Enter the space of big data center users.
The participation of De Shaw and Starboard shows that Riot may face greater pressure to increase shareholder value, simplify operations or consider new business opportunities.
However, many people in the encrypted community believe that the participation of radical investors is positive news.
“Hedge fund giant De Shaw has obtained the shares of Riot Platforms, which shows the bullish prospect of crypto mines. Can this change the rules of the industry?” Publish A X user.
The riot platform, which was previously called the RIOT blockchain, has been expanding its Bitcoin mining operation The demand for the demand for encryption is growing. The company is The largest Bitcoin miner In North America.
“De Shaw’s recent acquisition of Riot Platform’s shares in Riot Platforms marked this major move Cryptocurrency mining department. This strategic investment highlights that with the development of the encrypted market, the interest and potential of the cryptocurrency market is increasing, “” “” explain Another encrypted enthusiast.
As of the end of 2024 The riot platform said it has it 17,722 BTC, an increase of 141 % over December 2023. The riots also mining 516 BTC in December exceeded the output of November.
In addition, the latest development is The riots without requests are $ 950 million In May 2024, it was obtained by the Canadian Bitcoin miner. June 20, bitfarms Implement shareholders’ rights planIt is usually called “poison” to prevent hostility from taking over.
Riot platform and bitfarms Then determine the solutionEnd the acquisition bid.
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