Investment management giant D.E. Shaw has taken an unspecified stake in Bitcoin miner Riot Platforms, making it the second activist investor to target the company. The move comes shortly after activist investor Starboard Value also invested in Riot, pushing for the conversion of bitcoin mining sites into data centers for high-performance computing. It is unclear if D.E. Shaw will pursue a similar strategy. Riot had previously announced the evaluation of potential artificial intelligence and high-performance computing uses for its remaining power capacity. The bitcoin mining industry has been facing profit constraints and miners are seeking alternative revenue sources. Riot's share price has fallen 18% this week.



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