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."
