Riot Platforms Appoints Jason Chung As Chief Financial Officer Effective March 1, 2026

iot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or the "Company") today announced the appointment of Jason Chung as Chief Financial Officer of the Company, effective March 1, 2026. Chung succeeds Colin Yee, who has served as the Company's Chief Financial Officer since 2022.

As part of this transition, Yee will continue to serve in his current capacity through March 1, 2026, after which he will transition to a Senior Advisor role to ensure a seamless transition and support the Company's strategic continuity.

Chung currently serves as Riot's EVP, Head of Corporate Development & Strategy, and brings two decades of experience in investment banking and corporate finance to the CFO role, having spearheaded the Company's capital markets strategy, investor relations, and M&A initiatives. In this expanded role, Chung will assume leadership of Riot's finance organization while continuing to oversee Corporate Development and Investor Relations, further aligning the Company's financial framework with its long-term strategic objectives.

"On behalf of the executive team, I'd like to thank Colin for his leadership and significant contributions to Riot," said Jason Les, CEO of Riot Platforms. "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. We are grateful for his partnership in ensuring a smooth and thoughtful transition and look forward to his continued counsel as a Senior Advisor.

"I am pleased to appoint Jason Chung as Riot's next CFO. 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."

"I'm proud of the resilient financial platform we have built at Riot," said Yee. "This transition represents a natural evolution for the Company, and I look forward to ensuring a smooth handover and continuing to support the team in my new Senior Advisor role."

"I am honored to step into the CFO role at such a transformative time for Riot," said Chung. "Having led our corporate development efforts, I see a tremendous opportunity to further integrate our financial discipline with our growth ambitions in digital infrastructure. I look forward to working with our talented finance team to drive operational efficiency and disciplined capital deployment, ensuring continued value creation for our shareholders."

About Riot Platforms, Inc.