Activist investor Starboard Value has built a significant position in Riot Platforms and is pushing for changes at the bitcoin-mining operator, according to people familiar with the matter. Riot, based in Castle Rock,

Starboard is in discussions with Riot's management to potentially covert some of its facilities into data centers, the Journal reported.

Riot Platforms stock climbed Thursday on a report that activist investor Starboard Value had taken a stake in the Bitcoin mining company. Shares of Riot Platforms rose 10% to $12.95, though they traded as high as $13.

Activist investor Starboard Value has made a large investment in bitcoin miner Riot Platforms (RIOT) and is pushing for changes in the company's business model, The Wall Street Journal reported, citing people familiar with the matter.

Activist investor Starboard Value takes stake in Riot Platforms, proposing transformation of Bitcoin mining facilities into hyperscale data centers, sending RIOT shares up 14%.

Riot Platforms (NASDAQ:RIOT) soared 10% in premarket trading after a report that activist Starboard Value has taken a stake in the bitcoin miner. Starboard has had talks with Riot's management team as it tries to push the company to convert some of its bitcoin-mining facilities into capacity for large data-center users,

Riot Platforms (NASDAQ:RIOT) shares surged 12% on Thursday following a Wall Street Journal report that activist investor Starboard Value has taken a significant stake in the bitcoin miner and is pushing for