Activist investor Starboard Value is pressing Riot Platforms to transition from Bitcoin mining to AI data centers and high-performance computing (HPC). In a letter to Riot's board, Starboard highlighted the company's substantial power capacity of approximately 1.7 gigawatts in Corsicana and Rockdale, Texas. The investor suggested that monetizing these resources for AI and HPC, similar to industry peers, could generate over $1.6 billion in annual EBITDA.