Fortress Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Firm”), one of many few NASDAQ-listed bitcoin mining firms in the US, is happy to announce the appointment of Jason Les as Chief Govt Officer, and that Hannah Cho has been appointed to the Firm’s Board of Administrators, as an unbiased director.
Mr. Les has been deeply concerned with Bitcoin since 2013, with important expertise in each mining and as an engineer finding out protocol improvement and contributing to open-source tasks. He has served as an unbiased director on the Firm’s Board of Administrators since 2017, and he’ll proceed to stay as a member of the Board of Administrators. As CEO, he would be the driving pressure behind the Firm’s strategic deal with Bitcoin mining, and its mission to change into some of the related and important firms supporting the Bitcoin community and larger bitcoin ecosystem.
“In early 2020, Riot made the strategic determination to utterly deal with increasing its mining capabilities, which has positioned the Firm nicely to reap the benefits of important alternatives within the present Bitcoin setting,” mentioned Benjamin Yi, Chairman of the Board of Administrators. “Strengthening our administration workforce to reap the benefits of these alternatives has been a excessive precedence for the Board, and we’re happy to nominate Jason to guide the Firm. Having labored intently with Jason as a Board colleague for the previous two years, the Board is assured that he’ll proceed to leverage his distinctive talent set and background in Bitcoin to drive the Firm’s continued development.”
“It’s a privilege to be requested to function Riot’s CEO,” mentioned Jason Les. “We’re at an thrilling and important juncture in our trade, with Bitcoin positioned to disrupt the worldwide monetary system. As well as, there continues to be a big shift in mining capability to the US, creating important alternative for the Firm. With its fleet of next-generation miners, distinctive trade relationships, and powerful steadiness sheet, Riot is extraordinarily well-positioned to capitalize on these alternatives that we see in entrance of us.”
Jeff McGonegal who was appointed Chief Govt Officer in early 2019, will return to deal with his long-standing place as Chief Monetary Officer, a place held since 2003.
Riot can also be happy to announce that Hannah Cho has been appointed to the Firm’s Board of Administrators, efficient right now.
Ms. Cho, 43, is a veteran advertising and marketing and communications skilled who has spent her profession within the enterprise know-how trade. She is presently Vice President, Advertising Communications at BMC Software program, a portfolio firm of KKR which provides software program and providers to help cloud computing, IT service administration, automation, IT operations, and the mainframe for digital transformation. Ms. Cho brings important government management expertise in advertising and marketing and communications gained at main know-how firms together with Anaplan, CA Applied sciences, Intel Company, and Cisco Techniques. Along with her company expertise, she was additionally beforehand Senior Vice President, Know-how Communications at Edelman.
“We’re thrilled to welcome a essential thinker of Hannah’s caliber to Riot’s Board of Administrators,” mentioned Benjamin Yi. “The Board will profit from her important expertise as a company chief and communications specialist. We look ahead to using and leveraging her distinctive skilled background and insights.”
About Riot Blockchain
Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. The Firm is increasing and upgrading its mining operations by securing essentially the most vitality environment friendly miners presently out there. Riot additionally holds sure non-controlling investments in blockchain know-how firms. Riot is headquartered in Fortress Rock, Colorado, and the Firm’s mining facility is situated in upstate New York, beneath a co-location internet hosting settlement with Coinmint. For extra info, go to www.RiotBlockchain.com.
The knowledge offered on this press launch might embody forward-looking statements regarding future occasions or the long run monetary efficiency of the Firm. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Phrases corresponding to “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and related expressions are meant to establish forward-looking statements. These forward-looking statements are primarily based upon present expectations of the Firm and contain assumptions which will by no means materialize or might show to be incorrect. Precise outcomes and the timing of occasions might differ materially from these anticipated in such forward-looking statements because of numerous dangers and uncertainties. Detailed info relating to components which will trigger precise outcomes to 0differ materially from the outcomes expressed or implied by statements on this press launch regarding the Firm could also be discovered within the Firm’s periodic filings with the U.S. Securities and Change Fee (the “SEC”), together with the components described within the sections entitled “Danger Components,” copies of which can be obtained from the SEC’s web site at www.sec.gov. The Firm doesn’t undertake any obligation to replace forward-looking statements contained on this press launch.
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