Castle Rock, CO — Riot Blockchain, Inc. (NASDAQ: RIOT), a leading U.S.-based Bitcoin mining company listed on NASDAQ, has announced the appointment of Jason Les as its new Chief Executive Officer (CEO). Additionally, Hannah Cho joins the Company’s Board of Directors as an independent director, further strengthening Riot’s leadership team.
Leadership Transition: Jason Les Takes the Helm
Jason Les, a long-time Bitcoin advocate since 2013, brings a wealth of expertise in Bitcoin mining, protocol development, and open-source contributions. Having served as an independent director on Riot’s Board since 2017, Les will now spearhead the Company’s strategic direction with a focus on scaling Bitcoin mining operations and enhancing its role in the broader Bitcoin ecosystem.
Key Highlights:
- Strategic Vision: Les aims to capitalize on the growing shift of mining capacity to the U.S., leveraging Riot’s advanced mining hardware and strong industry relationships.
- Board Continuity: Les retains his position on the Board, ensuring alignment between leadership and governance.
Benjamin Yi, Chairman of Riot’s Board, emphasized:
"Jason’s deep understanding of Bitcoin and proven leadership make him the ideal CEO to drive Riot’s next phase of growth. Our pivot to focused mining in 2020 has set the stage for transformative opportunities."
Hannah Joins the Board: A Marketing and Communications Expert
Hannah Cho, a seasoned executive with over two decades in enterprise technology marketing, joins Riot’s Board. Her background includes leadership roles at BMC Software, Anaplan, and Cisco Systems, along with expertise in corporate communications from her tenure at Edelman.
Why This Matters:
- Strategic Insights: Cho’s experience in tech-sector branding and stakeholder engagement will bolster Riot’s market positioning.
- Governance Strengthening: Her appointment reflects Riot’s commitment to diverse, independent oversight.
Yi added:
"Hannah’s analytical prowess and communications acumen will be invaluable as we navigate Bitcoin’s evolving landscape."
Operational Updates
- Jeff McGonegal, previously CEO since 2019, resumes his role as Chief Financial Officer (CFO), a position he’s held since 2003.
- Riot continues to expand its mining facilities in New York under a co-location agreement with Coinmint, prioritizing energy-efficient operations.
FAQs
1. Why did Riot appoint Jason Les as CEO?
Les’s technical expertise in Bitcoin and his board experience align with Riot’s mission to dominate U.S.-based Bitcoin mining.
2. What does Hannah Cho bring to Riot’s Board?
Cho’s background in tech marketing and corporate communications enhances Riot’s strategic messaging and governance.
3. How is Riot positioned in the Bitcoin mining industry?
With cutting-edge miners, a robust balance sheet, and strategic partnerships, Riot is a key player in the North American mining boom.
4. What are Riot’s near-term goals?
The Company aims to scale operations, improve mining efficiency, and support Bitcoin’s global adoption.
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About Riot Blockchain
Riot Blockchain (NASDAQ: RIOT) specializes in Bitcoin mining, utilizing energy-efficient hardware to maximize output. Headquartered in Colorado, Riot operates a mining facility in New York via a partnership with Coinmint.
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Forward-Looking Statements
This release contains forward-looking statements subject to risks and uncertainties. Factors affecting results are detailed in Riot’s SEC filings, available at www.sec.gov. The Company disclaims any obligation to update these statements.
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