Bitcoin Miner Riot Platforms (RIOT) finds itself a target for another activist investor in which Reuters reports the investment management giant de Shaw as having taken an unspecified share.

The move from De Shaw, which manages $ 70 billion in assets, comes only weeks after another activist investor, starboard value (about $ 9 billion in AUM) took a position in riots. At the time of Starboards investment, WSJ reported that the investor was pushing Riot to convert some of its Bitcoin mines pages to data centers that could host machines to enable high-performance computing (HPC) to Big Tech companies.

Reuters did not specify if they Shaw will put a similar pressure on the miner. However, the report noted that the investment company has been known to sometimes pursue an activist strategy with a preference to negotiate with companies out of the limelight.

Earlier this month, Riot said it started a formal evaluation of potential artificial intelligence/HPC use for its remaining 600 megawatts (MW) power capacity at one of its facilities.

The Bitcoin mining sector has been exposed to an intense deserving of the Bitcoin half -year earlier this year (which cut the profitability of mining), which led to some miners looking for ways to diversify their sources of income. While there was some excitement in investor mood and stock prices in recent months, after Riot Peer Core Scientific (Corz) signed a multi-billion dollar agreement with a hyperscaler — a company operating large data centers for cloud computing and AI-DISH This week of the emergence of China’s Deepseek, which reportedly only requires a small fraction of the computer power’s US-based AI acting, was assumed to need.

Corz, to name only one, is lower by approx. 30% since Monday. In turn, Riot is lower by 18% in the same period and is about flat on the year-over-year basis. Shares have risen 1% today.