Business
Riot Blockchain Announces Appointment of Benjamin Yi as Executive Chairman and Appointments of New Director and New Lead Independent Director
Castle Rock, CO, May 24, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the leading Nasdaq-listed public
About this update from Riot Platforms, Inc.
[{"type":"text","content":"Castle Rock, CO, May 24, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) (\"Riot\" or the \"Company\"), one of the leading Nasdaq-listed public Bitcoin mining companies in the United States, announces the appointment of Benjamin Yi as Executive Chairman, and that Lance D’Ambrosio has been appointed to the Company’s Board of Directors, as an independent director. Appointment of Executive Chairman, Benjamin Yi Benjamin Yi has served as an independent director on the Riot’s Board of Directors since October 2018 and as Chairman of the Board since November 2020. As Executive Chairman, he will support and continue to work closely with Riot’s executive management team to execute upon the Company’s mission to become one of the most relevant and significant companies supporting the Bitcoin network and greater Bitcoin ecosystem. During Mr. Yi’s tenure to-date, the Company’s collective achievements include: Significantly improved operating and financial profiles, including the attainment of profitability;A reconstituted and more diverse Board of Directors;A reconstituted, operationally-streamlined management team;The announcement of a transformative transaction, creating a US-based industry leader in Bitcoin mining via the planned acquisition of Whinstone US, the largest Bitcoin hosting facility in North America, as measured by developed capacity. Mr. Yi brings significant experience in corporate strategy, corporate development, and governance to the Riot management team. In addition to having served as a director of several public and private companies, he also brings over sixteen years of unique capital markets experience to the management team, with a particular expertise in fintech-enabled businesses, specialty finance, and special situations investing throughout a company’s capital structure. Appointment of New Director, Lance D’Ambrosio Riot is also pleased to announce that Lance D’Ambrosio has been appointed to the Company’s Board of Directors, effective today. Lance D’Ambrosio, age 64, is a successful entrepreneur, private investor, corporate director, and a past recipient of the Ernst & Young and Merrill Lynch Entrepreneur of the Year Award in the category of e-Software & Services. Currently, he serves as Managing Partner of 4 D Investments, which focuses on technology and real estate investments. Mr. D’Ambrosio has ...