By Stephen Nakrosis
Riot Platforms said Jason Chung will become chief financial officer, effective March 1.
Currently the company's head of corporate development and strategy, Chung will succeed Colin Yee, who has served as CFO since 2022. Yee will transition to a senior adviser role to assist with the transition, the company said.
Chung joined Riot in June 2022. Prior to joining the company, he was managing director, M&A at Nomura Holdings, Riot said. Chung's annual base salary increased from $500,000 to $550,000.
Riot engages in Bitcoin mining, engineering, and developing large-scale data center projects, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
01-02-26 1752ET
