Marketdash
Back to Stock Market News

Riot Platforms Taps Strategy Chief Jason Chung as Next CFO

MarketDash Editorial Team
3 days ago
Bitcoin miner Riot Platforms is promoting Jason Chung from head of corporate strategy to CFO starting March 2026, replacing Colin Yee who will transition to a senior advisor role.

Riot Platforms, Inc. (RIOT) shares climbed Monday after the Bitcoin mining company announced it's promoting Jason Chung to Chief Financial Officer, a move that takes effect March 1, 2026.

Chung isn't exactly new to the job. He currently runs corporate development and strategy as the company's EVP, bringing 20 years of investment banking and corporate finance expertise to his expanded role. It's one of those promotions that makes sense when you think about it—the person who's been planning the strategy now gets to manage the money behind it.

He'll be replacing Colin Yee, who's been CFO since 2022. But Yee isn't disappearing. He'll stay on as CFO through the end of February and then shift into a senior advisor position, helping ensure the transition goes smoothly and strategic priorities stay on track.

CEO Jason Les praised Yee's contributions, saying, "Colin has played an important role in strengthening Riot's financial foundation, developing our internal reporting infrastructure, and supporting the company through key phases of growth."

As for Chung, Les highlighted his track record: "His extensive experience and solid track record of delivering value-creating results, combined with his expertise in capital markets and corporate development, make him the ideal leader to guide our capital allocation strategy as we execute on our ambitious growth plans. Consolidating our finance and strategy functions under Jason's leadership positions Riot to move with even greater strategic alignment as we continue to execute on our long-term strategy."

Mining Operations Stay Productive

Meanwhile, the Bitcoin mining operation keeps humming along. Riot reported November 2025 production showing 428 Bitcoin mined—an average of 14.3 Bitcoin per day. The company maintained an impressive all-in power cost of just 4.0 cents per kilowatt-hour. By month's end, Riot held 19,368 Bitcoin in reserve.

Strong Q3 Performance

Back in October, the company delivered third-quarter revenue of $180.2 million, beating analyst expectations of $172.6 million. Earnings came in at 26 cents per share, ahead of the 21-cent consensus estimate.

Bitcoin production during Q3 reached 1,406, up from 1,104 in the same quarter a year earlier. The company closed the quarter holding 19,287 Bitcoin with $330.7 million in unrestricted cash.

Riot Platforms (RIOT) shares rose 3.11% to $14.60 in premarket trading Monday.

Back to Stock Market News

Riot Platforms Taps Strategy Chief Jason Chung as Next CFO

MarketDash Editorial Team
3 days ago
Bitcoin miner Riot Platforms is promoting Jason Chung from head of corporate strategy to CFO starting March 2026, replacing Colin Yee who will transition to a senior advisor role.

Riot Platforms, Inc. (RIOT) shares climbed Monday after the Bitcoin mining company announced it's promoting Jason Chung to Chief Financial Officer, a move that takes effect March 1, 2026.

Chung isn't exactly new to the job. He currently runs corporate development and strategy as the company's EVP, bringing 20 years of investment banking and corporate finance expertise to his expanded role. It's one of those promotions that makes sense when you think about it—the person who's been planning the strategy now gets to manage the money behind it.

He'll be replacing Colin Yee, who's been CFO since 2022. But Yee isn't disappearing. He'll stay on as CFO through the end of February and then shift into a senior advisor position, helping ensure the transition goes smoothly and strategic priorities stay on track.

CEO Jason Les praised Yee's contributions, saying, "Colin has played an important role in strengthening Riot's financial foundation, developing our internal reporting infrastructure, and supporting the company through key phases of growth."

As for Chung, Les highlighted his track record: "His extensive experience and solid track record of delivering value-creating results, combined with his expertise in capital markets and corporate development, make him the ideal leader to guide our capital allocation strategy as we execute on our ambitious growth plans. Consolidating our finance and strategy functions under Jason's leadership positions Riot to move with even greater strategic alignment as we continue to execute on our long-term strategy."

Mining Operations Stay Productive

Meanwhile, the Bitcoin mining operation keeps humming along. Riot reported November 2025 production showing 428 Bitcoin mined—an average of 14.3 Bitcoin per day. The company maintained an impressive all-in power cost of just 4.0 cents per kilowatt-hour. By month's end, Riot held 19,368 Bitcoin in reserve.

Strong Q3 Performance

Back in October, the company delivered third-quarter revenue of $180.2 million, beating analyst expectations of $172.6 million. Earnings came in at 26 cents per share, ahead of the 21-cent consensus estimate.

Bitcoin production during Q3 reached 1,406, up from 1,104 in the same quarter a year earlier. The company closed the quarter holding 19,287 Bitcoin with $330.7 million in unrestricted cash.

Riot Platforms (RIOT) shares rose 3.11% to $14.60 in premarket trading Monday.