Exclusive: D.E. Shaw Invests in Bitcoin Mining Company Riot Platforms
An exclusive report by Marketscreener DE reveals that hedge fund D.E. Shaw has taken a stake in the Bitcoin mining company Riot Platforms. The exact extent of this investment remains unclear, as representatives from both Riot and D.E. Shaw declined to comment. Interestingly, Starboard Value also invested in Riot late last year, urging the company to utilize its capacities for artificial intelligence.
According to the article, Riot now plans to conduct a formal assessment to harness its energy capabilities for AI and high-performance computing applications in Corsicana, Texas. Despite a failed acquisition attempt of competitor Bitfarms last year, Riot's stock has risen by 5% since the beginning of this year, recently closing at $10.95.
Digital Currency Group Establishes Standalone Crypto Mining Subsidiary
IT BOLTWISE® x Artificial Intelligence reports on the establishment of a new subsidiary named Fortitude Mining by the Digital Currency Group (DCG). This development underscores DCG's efforts to offer institutional investors a diversified portfolio of mined crypto assets.
Previously, the mining operations were part of Foundry— a decentralized mining and staking service provider— but the spinoff could be part of a broader restructuring plan. Andrea Childs has been appointed CEO; she joined Foundry in 2020 before assuming this new role.
Bitcoin Miner Stocks Continue to Fall After DeepSeek Shock
According to Newsbit, stocks of several prominent Bitcoin miners, such as Riot Platforms, have continued to decline despite a recovery in the S&P 500 Index following the so-called "DeepSeek Crash." On Monday, Nvidia's stock dropped sharply by 17% but saw a significant rebound of 8.8% the following day. This suggests that concerns surrounding the Chinese player DeepSeek might have only a short-term impact on the market.
Nevertheless, doubts remain regarding claims about DeepSeek's missing top chips and their long-term effects on the crypto market overall. According to The Kobeissi Letter, Nvidia's recent surge is one of the largest increases in market capitalization seen within a single day globally. It remains to be seen whether this is merely a temporary phenomenon or indicative of a more sustainable trend reversal. Developments will be closely monitored and eagerly anticipated by industry experts and analysts alike, with ongoing discussions, analyses, and evaluations to ensure informed decision-making based on solid data and facts.
Sources:
- Bitcoin-Miner beleben Kentucky, während Paducahs Versorgungsunternehmen finanzielle Gewinne erzielt.
- Exklusiv - D.E. Shaw beteiligt sich an Bitcoin-Mining-Unternehmen Riot Platforms, heißt es
- Aktivistische Investoren fordern Veränderungen bei Riot Platforms
- Digital Currency Group gründet eigenständige Krypto-Mining-Tochter
- Riot Blockchain Aktie: Kein Grund für voreilige Schlüsse ()
- Aktien von Bitcoin-Minern fallen weiter, Tech-Unternehmen stabil nach DeepSeek-Schock
