Riot Platforms again eyed for change by activist investor: Report
Investment firm D.E. Shaw has built a stake in Riot Platforms and is pushing the Bitcoin miner to change, Reuters reports.
Riot Platforms is reportedly again in the crosshairs of an activist shareholder, with investment firm D.E. Shaw having built a position in the Bitcoin miner.
The Manhattan investment company, which boasts $70 billion in assets, has built an unknown-sized stake in Riot and could push the firm to make changes, Reuters reported on Jan. 29, citing two sources familiar with the matter.
D.E. Shaw’s claim to fame is creating complicated math models to exploit financial markets for gains. It’s reportedly shrewd in how it takes over the companies it targets, preferring to quietly negotiate with executives for the changes it wants away from the public eye.
Go to Source
Author: Jesse Coghlan
