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Here's your TNB Tech Minute for Thursday, December 12th. I'm Bell Lynn for the Wall Street Journal.

We are exclusively reporting that activist investor Starboard Value has built a significant

position in the Bitcoin mining operator riot platforms and is pushing for changes. That's according

to people familiar with the matter. The exact size of Starboard's position couldn't be learned.

But the people said Starboard has been in discussions with Riot's management team to push the company to convert some of its Bitcoin mining facilities into capacity for so-called hyperscalers or large data center users.

Riot has a market value of about $4 billion, with its stock price down about 20% year-to-date,

even during a broad cryptocurrency rally.

Riot said in a statement that it had spoken with Starboard on several occasions and welcomed its input,

as well as the views of other shareholders.

Australia plans to implement a new charge on the owners of global tech platforms. It's an attempt

to shore up local media outlets months after Facebook cut ties with traditional news providers.

The government plans to charge platforms that choose not to enter or renew commercial agreements with local news publishers.

And the government said the charge will apply to large digital platforms operating significant

social media or search services, irrespective of

whether or not they carry news. News Corp Australia's chief executive said the move will, quote,

provide a foundation for rebuilding the media industry. While Facebook owner Meta said in a statement

that the proposal, quote, fails to account for the realities of how

our platforms work. News Corp owns Dow Jones, which is the publisher of the Wall Street Journal.

...