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.
Read more,# D.E. Shaw Sets Its Sights on Riot Platforms – Bitcoin Miners Beware!
## Key Points Breakdown:
– **D.E. Shaw’s New Crush**: The firm has built a stake in the Bitcoin miner, Riot Platforms, likely causing some serious miner jitters.
– **Activist Alert!**: D.E. Shaw, known for their smooth takeover moves, might be looking to whip Riot into shape.
– **The Math Whizzes**: With $70 billion under management, they usually let numbers do the talking and sit down for a chat, sans the public drama.
– **Shifting Sands in Bitcoin Mining**: Change may be brewing for Riot as an activist shareholder calls for action.
### Hot Take:
Looks like D.E. Shaw has taken the plunge into the crypto whirlpool, ready to ride the Bitcoin wave and maybe make some waves while they’re at it. Will this math-inspired takeover turn Riot Platforms into the new darling of the Bitcoin mining world or leave them scrambling for the lifeboats? Only time will tell!
#Cryptocurrency #Bitcoin #InvestmentDrama #RiotPlatforms #DEShaw
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://cointelegraph.com/news/riot-platforms-eyed-for-change-activist-investor-de-shaw-reuters?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
