Golden Finance reported that according to the Wall Street Journal, citing people familiar with the matter, American hedge fund Starboard Value has invested in Riot Platforms. The specific shareholding is unknown and is pushing the company to improve its business model. Starboard has reportedly been urging Riot to convert some of its Bitcoin mining sites into data centers to host machines that provide high-performance computing (HPC) to large tech companies. Riot is currently a "pure-play" Bitcoin miner, generating revenue solely from Bitcoin mining, while some of its peers, such as Core Scientific (CORZ), dedicate much of their facilities to HPC and AI computing.