Reported 2 days ago
Riot Platforms Inc. (NASDAQ:RIOT) is highlighted as one of Jeff Smith's top activist targets due to its potential for operational and value-creation opportunities. Starboard Value LP, the hedge fund co-founded by Smith, acquired a significant stake in RIOT amidst rising Bitcoin prices and discussions about transforming its mining facilities for AI data center use. Despite recent performance challenges, Starboard Value LP remains a prominent player in activist investing, with RIOT ranking first among Smith's targets.
Source: YAHOO