Investing.com -- Investment firm D.E. Shaw has established a stake in Riot Platforms (NASDAQ:RIOT), a cryptocurrency mining company, Reuters reported on Wednesday, citing two individuals with knowledge of the situation.
This makes D.E. Shaw the second activist investor to take a position in the company.
The exact size of D.E. Shaw's stake in Riot Platforms remains undisclosed, the report said.
This acquisition by D.E. Shaw follows a similar move by Starboard Value, another investment firm, which acquired an undisclosed stake in Riot Platforms in the latter part of last year.
Riot Platforms, a company that processes Bitcoin transactions and accepts the cryptocurrency as payment, has confirmed that it has engaged in discussions with Starboard Value.
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