Bitcoin Miner Riot Must Embrace $21 Billion AI Opportunity, Says Activist Investor

In brief

• Publicly traded Bitcoin miner Riot Platforms must move more quickly if it wants to take advantage of a major opportunity in AI, an activist investor wrote Wednesday.
• Starboard Value sees as much as a $21 billion valuation bump if Riot captures its potential in the sector.
• In that scenario, shares could jump as high as $53, more than 240% from its Wednesday closing price.