One of the largest publicly traded bitcoin miners, Riot Blockchain, appointed Colin Yee, its current head of corporate and financial operations, as the new CFO, effective Aug. 15.
“We are pleased that Riot’s current operational momentum will continue unabated as Colin Yee steps in as our new CFO to help the company achieve and exceed its strategic goals,” Les said.
The change in CFO comes as the shares of the miner have fallen about 72% this year, inline with its peers Core Scientific and Marathon Digital. The bitcoin mining industry has been rocked by bitcoin's declining price since last November.
On May 10, Riot reported its first quarter earnings where its revenue missed estimates but the miner maintained its hashrate guidance of 12.8 exahash per second (EH/s).
The current CFO Jeff McGonegal will retire from his position as CFO and move into a new role as senior advisor to Riot on the same day, according to a statement.
McGonegal is expected to remain employed by Riot through the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...