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Starboard Value is pressuring Riot Platforms to expedite its entry into the AI data center market to capitalize on growing demand for computing power. Riot's facilities in Texas provide approximately 1.7 GW of power, suitable for AI data centers.

Starboard highlights that Riot is lagging behind other miners that have secured larger AI contracts and recommends targeting high-quality long-term tenants. Although Riot's recent pilot project with Advanced Micro Devices is considered a positive step, it remains a small test. Riot has begun improving governance and operational efficiency by appointing experienced directors and a Chief Data Center Officer to facilitate growth in AI.