They were going out of business but then in 2017 the CEO rebranded it to RIOT and started mining bitcoin. $1,000 in ETH Prizes - #SearchWithPresearch Contest - JOIN HERE × Get Started Popular New Crypto Project Updates Explore Hannah is an award-winning marketing and communications executive with expertise in brand building and storytelling. Certainly, being part in cash and part in shares. Riot is also pleased to announce that Hannah Cho has been appointed to the Company’s Board of Directors, effective today. Currently, he serves as Chief Economist at Palos Management, a boutique investment management firm headquartered in Montreal, Canada. At that time, Riot's market capitalization was approximately $34 million. Ms. Cho brings significant executive leadership experience in marketing and communications gained at leading technology companies including Anaplan, CA Technologies, Intel Corporation, and Cisco Systems. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Words such as "anticipates," “believes,” "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. However, Riot Blockchain CEO Jason Les did drop strategic hints a few weeks ago that the company may simply be expanding upon a grander strategy. The investigation was due to possible securities fraud given how they pumped their stock by adding "blockchain" to their name. The information was released by the firm in a press release on February 5.. Jeff McGonegal is now the new Cheif Executive Officer, who will be replacing Chris Ensey. Riot Blockchain also won 500 Bitcoin from a U.S. Marshall’s Auction on January 24th, 2018. However, Riot Blockchain CEO Jason Les did drop strategic hints a few weeks ago that the company may simply be expanding upon a grander strategy. The average Riot Blockchain share is held for two days after purchase. Investors focused on the Business Services space have likely heard of Riot Blockchain (RIOT), but is the stock performing well in comparison to the rest of its sector peers? The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. In 2015 and 2017, he was selected as a human benchmark for testing the world’s best poker artificial intelligence in what was dubbed “Man vs Machine” at Carnegie Mellon University in 2015 and 2017. Benjamin currently serves in a consulting capacity at IOU Financial, Inc., a leading public fintech-enabled lender to small businesses, where he works closely with senior management to ensure IOU’s capital structure and funding sources are resilient, diversified, and cost-effective. Riot is also pleased to announce that Hannah Cho has been appointed to the Company’s Board of Directors, effective today. Prior to IOU, Benjamin worked directly under Ned Goodman, a renowned Canadian financier, investor, and founder of Dundee Corporation, a Toronto-based conglomerate. In his place, Jason Les, who has been on the Board of Directors since 2017 will step up to become the new CEO. Regarding future direction, he then stated: Benjamin was elected Chairman of the Board and Chairman of the nominating and governance committee, in November 2020. Riot Blockchain is trading at a lower price-to-earnings ratio than Intellia Therapeutics, indicating that it is currently the more affordable of the two stocks. Riot Blockchain News. In fact, Whinstone has 750 MW of power, with 300 MW currently in use, significant numbers when it comes to bitcoin mining. The Business Services group currently sits at #12 within the Zacks Sector Rank. Insider and Institutional Ownership. --Riot Blockchain, Inc., one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer… Community Sentiment. What Makes Riot Blockchain So Special? Final Thoughts. There was even an SEC investigation (dropped in February 2020) into the company. Benjamin was elected Chairman of the Board and Chairman of the nominating and governance committee, in November 2020. Ms. Cho, 43, is a veteran … It also has a pilot scheme running in Houston, Texas. (Add your “underperform” vote.) Riot also holds certain non-controlling investments in blockchain technology companies. I filled in the blanks. MarketBeat's community ratings are surveys of what our community members think about Riot Blockchain and other stocks. Nasdaq-listed mining company Riot Blockchain (RIOT) has named Jason Les as its new CEO after serving as as independent director on Riot’s board since 2017. Chris Ensey has taken over as CEO at Riot Blockchain, but tough times seem to be up ahead. The CEO of Riot Blockchain, Jason Les, explained that Whinstone will be the “foundation” of the company’s mining activities. “Strengthening our management team to take advantage of these opportunities has been a high priority for the Board, and we are pleased to appoint Jason to lead the Company. Riot Blockchain announced a new CEO and other leadership changes in a press release Tuesday evening. Riot Blockchain stated that it has signed a definitive agreement with the mining company Whinstone US, Inc. currently owned by Northern Data. Jason was also a founding partner of Binary Digital, a software-development company where he led the engineering team and coordinated project development for artificial intelligence, reverse engineering, and inter-software compatibility projects. At the end of 2017, the price was over $30, but now it sits at less than $5. And experts predict that as the price of Bitcoin continues to soar, so too will the price of Riot … Well, as of the writing of this article, Riot Blockchain is one of the only cryptocurrency-based companies which is listed, and publicly traded on the NASDAQ. Benjamin brings significant corporate governance experience to Riot, having served as an independent director and audit committee chair of several private and public companies. Riot Blockchain has received 399 “underperform” votes. Castle Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer, and that Hannah Cho has been appointed to the Company’s Board of Directors, as an independent director. March 27, 2018: Riot Blockchain bought Logical Brokerage Corp, a Miami-based futures introducing broker that is registered with the Commodity Futures Trading Commission (“CFTC”), as part of the company’s effort to launch a cryptocurrency exchange in the United States.. Riot Blockchain also won 500 Bitcoin from a U.S. Marshall’s Auction on January … "The Board will benefit from her significant experience as a corporate leader and communications specialist. Riot Blockchain Announces Appointment of Jason Les as CEO and Appointment of New Director February 08, 2021 08:45 ET | Source: Riot Blockchain, Inc. Riot Blockchain, Inc. Castle Rock, Colorado Castle Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot", "Riot Blockchain" or the "Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer, and that Hannah Cho has been appointed to the Company's … Mr. Les has been deeply involved with Bitcoin since 2013, with significant experience in both mining and as an engineer studying protocol development and contributing to open-source projects. Riot Blockchain has higher earnings, but lower revenue than Intellia Therapeutics. Besides just good news when it comes to share prices, Riot Blockchain also recently appointed a new CEO. Behavior like that is the hallmark of speculation and illustrates a disregard for any future stream of profits or cash flow. Peter is Chief Executive Officer and Co-founder at Blockchain.com. Who is the CEO of Riot Blockchain? With its fleet of next-generation miners, unique industry relationships, and strong balance sheet, Riot is extremely well-positioned to capitalize on these opportunities that we see in front of us.”. Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. In these roles, he is responsible for new business growth, maintaining the firm’s leadership position, and driving innovation across the company. At Dundee, he worked in an investment capacity, investing throughout the capital structure of companies involved in the natural resource extraction, energy technology, real estate, and automotive sectors. Riot Blockchain is a cryptocurrency company who has seen its stock price experience dramatic fluctuations over the years. Riot Blockchain's response to a CNBC investigation included a timeline of events. Company just executed a private placement for $37m at roughly a 50% discount from the market price of shares. Jason Les is the CEO of Riot Blockchain. – O’Rourke, the CEO of Riot Blockchain, controlled at least 13.2 million Marathon Patent shares and warrants as of mid-October, through Revere. Besides just good news when it comes to share prices, Riot Blockchain also recently appointed a new CEO. Riot is headquartered in Castle Rock, Colorado, and the Company’s mining facility is located in upstate New York, under a co-location hosting agreement with Coinmint. Hubert graduated from the University of Ottawa with an Honours Bachelor of Social Sciences in Economics. Riot Blockchain (NASDAQ: RIOT) stock has been one of the clear winners of the past year.In the past 12 months RIOT stock is up over 1,500%. Buried in the excitement of Riot Blockchain’s press release announcing Les’s appointment were a few words about former CEO Jeff McGonegal. The CEO of Riot Blockchain, Jason Les, explained that Whinstone will be the “foundation” of the company’s mining activities. “We are at an exciting and critical juncture in our industry, with Bitcoin positioned to disrupt the global financial system. Benjamin brings significant corporate governance experience to Riot, having served as an independent director and audit committee chair of several private and public companies. John O’Rourke, chief executive officer of Riot Blockchain, has been kicked to the curb following allegations that he was involved in a massive pump and dump scheme that generated an estimated $27 million.. Last Friday, the U.S. Securities and Exchange Commission (SEC) charged 10 individuals in connection with alleged fraudulent schemes selling unlawful stocks and causing … Riot Blockchain, Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. CASTLE ROCK, Colo., Nov. 21, 2017 /PRNewswire/ -- Riot Blockchain, Inc. (Nasdaq: RIOT) (the "Company") today announced that it has appointed Frank M. Bishop to the Riot Blockchain Advisory Board. Jason holds a Bachelor of Science in Information & Computer Science from UC Irvine. Nasdaq-listed bitcoin miner Riot Blockchain (RIOT) has added Mason Jappa, CEO of mining hardware and hosting company Blockware, to its advisory board.. Jeff McGonegal, who was appointed CEO in 2019, has recently stepped down to resume his previous job as CFO for Riot. One of the main reasons Riot Blockchain has been in the news recently, is because their stock has hit an all-time high of above $45 a share (which is 140% increase for 2021). Jeff McGonegal who was appointed Chief Executive Officer in early 2019, will return to focus on his long-standing position as Chief Financial Officer, a position held since 2003. Riot Blockchain, Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Bishop served as a member of the senior management team that built INVESCO into one of the largest publicly traded global investment management … The CEO Of Riot Blockchain resigned over allegations of pump and dump scheme. Greater Denver Area 500+ connections. She has over 15 years of experience in enterprise technology brand marketing, product and corporate communications supporting hyper-growth companies and global, multinational organizations in business growth and expansion, rebranding efforts, M&A, IPO and divestiture. During his tenure, the Company's collective achievements to-date include the successful termination of the SEC investigation, the elimination of all corporate debt, and significantly improved financial and operational profiles. – USA, CO – Riot Blockchain, Inc. (NASDAQ: RIOT), one of the few NASDAQ-listed bitcoin mining companies in the United States, today announced the appointments of Jason Les as CEO and Hannah Cho to the Board as an independent director. Castle Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer, and that Hannah Cho has been appointed to the Company’s … Riot Blockchain has undergone some fairly drastic changes in strategy and branding, but it’s still one of the only publicly traded companies to place its entire focus in the cryptocurrency world. 8 Stocks to Buy for March Jason is the driving force behind the Company’s mission to become one of the most relevant and significant companies supporting the Bitcoin network. Investing.com -- Riot Blockchain Inc (NASDAQ: RIOT) jumped 22% on Monday after the bitcoin mining company announced a new CEO, Jason Les. The United States Securities Exchange Commission charged ten persons to court over a connection with a pump and dump scheme.The alleged fraudulent act saw the perpetrators selling unlawful stocks which caused a … We look forward to utilizing and leveraging her unique professional background and insights.". Jeff McGonegal who was appointed Chief Executive Officer in early 2019, will return to focus on his long-standing position as Chief … Hannah holds a BA Honours in Criminology from Carleton University and currently resides in Sonoma, California where she enjoys the wine culture and outdoor activities the area offers. The CEO and Chairman of Riot Blockchain resigned Friday. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. The crime was exposed by the United State Securities and Exchange Commission. Castle Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer, and that Hannah Cho has been appointed to the … The investigation is parallel to a Securities and Exchange Commission case that brought claims against John O'Rourke, former CEO of Riot Blockchain, and others in … Ms. Cho, 43, is a veteran marketing and communications professional who has spent her career in the enterprise technology industry. As Riot Blockchain starts anew amid concerns of bitcoin bubble, CEO John O’Rourke says his cryptocurrency strategy is a long-term play Share this: Click to share on Facebook (Opens in new window) He also brings over fifteen years of unique capital markets experience to the Company, and a particular expertise in fintech, specialty finance, and investing throughout a company’s capital structure. Riot Blockchain's foray into the mining business is interesting because of just how much it likes to overpay for mining rigs through complicated arrangements that don't pass the smell test. Riot Blockchain Announces Milestone Purchase Order of 42,000 S19j Antminers, Growing Total Hash Rate to 7.7 EH/s Upon 2022 Deployment Apr 07, 2021 8:45am EDT Riot Blockchain Announces Appointment of Megan Brooks as Chief Operating Officer, and Appointments to the Roles of VP, Capital Markets and VP, Finance Is Riot Blockchain profitable? Hubert’s broad areas of expertise include macroeconomic policy & analysis, corporate governance, financial analysis, and investment banking. John O’Rourke has served as the Chairman and CEO of Riot Blockchain since January 2017. At the end of 2017, the price was over $30, but now it sits at less than $5. © 2021 Riot Blockchain, Inc. All Rights Reserved. All this, according to an announcement made on Thursday the 8th. The Company does not undertake any obligation to update forward-looking statements contained in this press release. Chief Executive Officer at Riot Blockchain, Inc. March 27, 2018: Riot Blockchain bought Logical Brokerage Corp, a Miami-based futures introducing broker that is registered with the Commodity Futures Trading Commission (“CFTC”), as part of the company’s effort to launch a cryptocurrency exchange in the United States.. Riot Blockchain also won 500 Bitcoin from a U.S. Marshall’s Auction on January 24th, 2018. The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. The Whole Story. Riot Blockchain appoints Jason Les as CEO and welcomes Hannah Cho to its Board as Independent Director February 16, 2021 February 8, 2021 by Talent4Boards Team – USA, CO – Riot Blockchain, Inc. (NASDAQ: RIOT), one of the few NASDAQ-listed bitcoin mining companies in the United States, today announced the appointments of Jason Les as … First of all, Jason Les, CEO of Riot Blockchain said: “ Riot will […] As CEO, he will be the driving force behind the Company’s strategic focus on Bitcoin mining, and its mission to become one of the most relevant and significant companies supporting the Bitcoin network and greater bitcoin ecosystem. In addition to her corporate experience, she was also previously Senior Vice President, Technology Communications at Edelman. This means that you too can hold a small part of the Riot company by investing in its stock. John’s resignation comes in barely a year after his appointment. Hubert is a veteran capital markets professional, corporate director, and Chair of the Marleau Lecture Series on Economic and Monetary Policy at the University of Ottawa. In addition to a career in the capital markets that has spanned over five decades, Mr. Marleau has previously served as a Governor of the Montreal and Vancouver stock exchanges, and as a Director of the Listing Committee for the Toronto Stock Exchange and Director of the Investment Dealers Association of Canada (now known as IIROC). By Liz Moyer. Benjamin is a CFA charter holder and holds a Master of Finance degree from the Rotman School of Management at the University of Toronto and a Bachelor of Commerce degree from Trinity College in the University of Toronto. The company has chosen Chris Ensey as the interim CEO, while […] “In early 2020, Riot made the strategic decision to completely focus on expanding its mining capabilities, which has positioned the Company well to take advantage of significant opportunities in the current Bitcoin environment,” said Benjamin Yi, Chairman of the Board of Directors. Jeff McGonegal takes over as chief executive officer. In fact, Whinstone has 750 MW of power, with 300 MW currently in use, … Castle Rock, CO, May 10, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the leading Nasdaq listed Bitcoin mining companies in the United States, announces its April production and operational updates, including its unaudited Bitcoin (“BTC“) production for April 2021 and its latest miner … Buried in the excitement of Riot Blockchain’s press release announcing Les’s appointment were a few words about former CEO Jeff McGonegal. Riot ordered 42,000 miners and acquired a Bitcoin-miner hosting facility owner in a $650 million deal. He has served as an independent director on the Company’s Board of Directors since 2017, and he will continue to remain as a member of the Board of Directors. Even cryptocurrency exchange Kraken CEO says Bitcoin could reach $1 million at some point, as reported by Bloomberg. “Strengthening our management team to take advantage of these opportunities has been a high priority for the Board, and we are pleased to appoint … She is currently Vice President, Marketing Communications at BMC Software, a portfolio company of KKR which offers software and services to support cloud computing, IT service management, automation, IT operations, and the mainframe for digital transformation. At the same time, they are making different other leadership changes. Les would be replacing Jeff McGonegal, who had dual roles as Riot’s CEO and the CFO. John O’Rourke has served as the Chairman and CEO of Riot Blockchain since January 2017. In … Riot Blockchain’s operations are currently based in the Coinmint digital currency data center in Massena, New York. According to him, the skeptics will be the only losers in the end. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Chief Executive Officer and Co-Founder. Riot Blockchain, Inc. (NASDAQ: RIOT), a company officially focused on cryptocurrency mining and the development of an exchange, has swiftly replaced its CEO after the SEC charged him in connection to a fraudulent $27 million pump an dump scheme. © 2021 Riot Blockchain, Inc. All Rights Reserved. Riot Blockchain has in fact decided that it wants to expand its business and to do so it has acquired the North American ... but also in shares in the company itself. In addition, there continues to be a large shift in mining capacity to the United States, creating significant opportunity for the Company. Detailed information regarding factors that may cause actual results to 0differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the U.S. Securities and Exchange Commission (the “SEC”), including the factors described in the sections entitled "Risk Factors," copies of which may be obtained from the SEC's website at www.sec.gov. Shaky foundations and a change of name for Riot Blockchain raise red flags. Riot Blockchain has received 51.93% “outperform” votes from our community. Riot Blockchain is a cryptocurrency company who has seen its stock price experience dramatic fluctuations over the years. In addition to his being a current or past board member of approximately fifty publicly traded companies, he has raised funds privately and publicly for hundreds of emerging and mature companies, structured numerous mergers and acquisitions, and acted as the driving force behind numerous transactions. Riot Blockchain, Inc. (RIOT) closed at $33.45 in the latest trading session, marking a -8.66% move from the prior day. Having worked closely with Jason as a Board colleague for the past two years, the Board is confident that he will continue to leverage his unique skill set and background in Bitcoin to drive the Company’s continued growth.”, “It is a privilege to be asked to serve as Riot’s CEO,” said Jason Les. "We are thrilled to welcome a critical thinker of Hannah's caliber to Riot's Board of Directors," said Benjamin Yi. Riot Blockchain announced the new appointment in a press release published on the 8th of February. Riot Blockchain is one of 213 companies in the Business Services group. Prior thereto, Benjamin was a research analyst at the predecessor to 1832 Asset Management L.P., where he covered energy, forest products, and special situations investments as part of a team managing one of Canada’s largest and best-performing natural resources investment funds. For us, we have to wait if Riot blockchain recovers from here. Comment below and let … The cryptocurrency company Riot Blockchain has recently announced that they have a new CEO. Riot Blockchain’s headquarters are in 202 6th St, Ste 401, Castle Rock, Colorado, 80104, United States What is Riot Blockchain’s phone number? Riot Blockchain Announces Appointment of Jason Les as CEO and Appointment of New Director February 08, 2021 08:45 ET | Source: Riot Blockchain, Inc. Riot Blockchain… Also, what do you think about them? Additionally, Jason’s background includes over a decade of unique experience as a former professional heads-up poker player during which he has successfully competed in high-stakes games online, in addition to the most prestigious, high-stakes tournaments in the world. Marathon picked a new CEO and installed 13,000 more mining machines. Riot Blockchain Announces Appointment of Megan Brooks as Chief Operating Officer, and Appointments to the Roles of VP, Capital Markets and VP, Finance Apr 06, 2021 8:45am EDT Riot Blockchain Announces Financial Highlights for the Fourth-Quarter & Full-Year Ended 2020 and Full-Year 2020 Operating Highlights and Financial Results In the company’s year-end earnings release, he first mentioned that Riot Blockchain’s 2020 strategy was one solely focused on mining. Riot Blockchain’s phone number is … Riot Blockchain Appoints New CEO and Chairman After O’Rourke’s Resignation After being indicted with fraud by the US Securities and Exchange Commission, John O’Rourke has resigned as the CEO and chairperson of Riot Blockchain. Riot also holds certain non-controlling investments in blockchain technology companies. However, Riot Blockchain CEO John O'Rourke says the skeptics who are unconvinced about his firm's approach will lose out in the end. For more information, visit www.RiotBlockchain.com. However, Riot Blockchain’s CEO John O’Rourke still have a strong opinion on the bright future of his company. He has been deeply involved with Bitcoin since 2013, with significant experience in cryptocurrency mining, and as an engineer studying protocol development, and contributing to open-source projects. The two companies have had a close working relationship, Jappa told CoinDesk, including sharing industry insights and Blockware helping Riot sell machines. Bitcoin mining company Riot Blockchain Inc (NASDAQ: RIOT) has named Jason Les as its new CEO. Buried in the excitement of Riot Blockchain’s press release announcing Les’s appointment were a few words about former CEO Jeff McGonegal. “Jeff McGonegal, who was appointed Chief Executive Officer in early 2019, will return to focus on his long-standing position as Chief Financial Officer, a position held since 2003,” the company stated in its Feb. 8 press … Benjamin was recruited in October 2018 to serve as a director and audit committee Chairman.