Riot Platforms appoints new directors to board with inputs from Starboard, DE Shaw

FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Bitcoin miner Riot Platforms said on Wednesday it has appointed three new directors to its board after inputs from investors Starboard Value and D. E. Shaw.

The move comes after Reuters reported in January that D.E. Shaw, best known for employing quantitative investment tools to power returns, had built a position in the firm to push for changes.