Bitcoin Mining Firm Riot Blockchain Appoints Jason Les As Chief Executive Officer

Job Appointments | February 9, 2021 By:

Riot Blockchain, Inc. has announced the appointment of Jason Les as Chief Executive Officer (CEO). Jeff McGonegal who was appointed CEO in early 2019, will return to focus on his long-standing position as Chief Financial Officer, a position held since 2003.

Riot Blockchain operates as a digital currency company. The company focuses on buying cryptocurrency and blockchain businesses, as well as supports blockchain technology companies. Riot Blockchain also maintains its existing biotechnology business segments. The company 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.

Les has served as an independent director on the Board of Directors since 2017, and will continue to remain as a member. He 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. As CEO, he will be the driving force behind Riot Blockchain’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.

“It is a privilege to be asked to serve as Riot’s CEO,” said Les. “We are at an exciting and critical juncture in our industry, with bitcoin positioned to disrupt the global financial system. In addition, there continues to be a large shift in mining capacity to the United States, creating significant opportunity for the Company. 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 also announced that Hannah Cho has been appointed to the company’s Board of Directors, as an independent director. Cho is a veteran marketing and communications professional who has spent her career in the enterprise technology industry. 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. Cho brings significant executive leadership experience in marketing and communications gained at leading technology companies including Anaplan, CA Technologies, Intel Corporation, and Cisco Systems. In addition to her corporate experience, she was also previously Senior Vice President, Technology Communications at Edelman.

“We are thrilled to welcome a critical thinker of Hannah’s caliber to Riot’s Board of Directors,” Benjamin Yi, Chairman of the Board of Directors. “The Board will benefit from her significant experience as a corporate leader and communications specialist. We look forward to utilizing and leveraging her unique professional background and insights.”