Loading...
Market
Starboard Value increases Riot stake by over 10% by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
SEC filings and official announcements from Starboard Value or Riot Platforms
Story
Starboard Value Takes Stake in Riot Platforms ($RIOT), Shares Surge 14%
Dec 12, 2024, 02:23 PM
Activist investor Starboard Value has taken a significant stake in Riot Platforms ($RIOT), a bitcoin-mining company, according to reports from the Wall Street Journal. Starboard is advocating for strategic changes at Riot, including converting some of its mining facilities into data centers to serve hyperscale users. Riot Platforms' shares have risen by 12.1% in premarket trading, with the stock up 14% overall following the news. This development highlights an increasing focus on diversification within the cryptocurrency mining sector.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes, by March 31, 2025 • 25%
Yes, by June 30, 2025 • 25%
No increase • 25%
Decrease • 25%
Decreases by 10% or more • 25%
Changes between -10% and +10% • 25%
Increases by 10% to 20% • 25%
Increases by more than 20% • 25%
Increases to over 50% • 25%
Remains between 30% and 50% • 25%
Decreases to below 30% • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Less than 500 BTC • 25%
500 - 999 BTC • 25%
1,000 - 1,499 BTC • 25%
1,500 BTC or more • 25%