Business
Riot Blockchain Announces CFO Change
CASTLE ROCK, Colo., Aug. 15, 2019 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot," "Riot Blockchain" or the "Company") today announced that its
About this update from Riot Platforms, Inc.
[{"type":"text","content":"CASTLE ROCK, Colo., Aug. 15, 2019 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ: RIOT) (\"Riot,\" \"Riot Blockchain\" or the \"Company\") today announced that its Board of Directors is implementing a leadership change. Riot's Chief Executive Officer, Mr. Jeffrey G. McGonegal is being named as Chief Financial Officer of the Company on an interim basis until a permanent successor Chief Financial Officer is named. Mr. McGonegal replaces the departing Mr. Robby Chang, who joined Riot in February 2018 as its Chief Financial Officer. The Board wishes to thank Mr. Chang for his past efforts and wishes him well in his future endeavors. The Company will be immediately conducting an extensive search to identify and appoint a permanent successor Chief Financial Officer. \n\n \nMr. McGonegal had previously served as Riot's Chief Financial Officer and he will continue to serve as Riot's Chief Executive Officer following his appointment as Chief Financial Officer on an interim basis. \nAbout Riot Blockchain\nRiot Blockchain is focused on building, operating, and supporting blockchain technologies. Its primary operations consist of cryptocurrency mining, targeted development of exchange and mining pool platforms, along with other investments within the sector. For more information, visit: RiotBlockchain.com.\nInvestor Notice\nInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under \"Risk Factors\" in Part I, Item 1A of our most recent annual report on Form 10-K for the fiscal year ended December 31, 2018, filed with the Securities and Exchange Commission (the \"SEC\") on April 2, 2019, as amended by Amendment No. 1 on Form 10-K/A filed on April 23, 2019, as well as those risk factors disclosed in our registration statement on Form S-3 (File No. 333-226111) and any periodic reports we file with the SEC. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment.\nAdditional risks not presently known to us or that we currently deem immaterial may also impair our business operations should they occur. In addition, our past financial performan...