Riot Platforms, Inc. has named Jason Chung its new Chief Financial Officer, effective March 1, 2026. The appointment replaces Colin Yee, who has served as CFO since 2022 and will transition to a Senior Advisor role to ensure a smooth handover.
Chung joined Riot in June 2022 after a 20‑year career in investment banking, most recently at Nomura Holdings. In his current role as Executive Vice President for Corporate Development and Strategy, he has overseen capital‑markets strategy, investor relations and M&A initiatives, positioning him to lead the company’s financial and strategic functions under one umbrella.
The move reflects Riot’s broader pivot from Bitcoin mining to large‑scale AI and high‑performance computing data centers. By consolidating finance and strategy, the company aims to accelerate its Corsicana, Texas campus and other data‑center projects while maintaining the disciplined capital allocation that has underpinned its transformation.
CEO Jason Les welcomed the change, saying, “We are grateful for Colin’s leadership and excited to have Jason step into the CFO role. His deep experience in capital markets and corporate development will be critical as we execute on our ambitious growth plans.” Chung added, “I look forward to working with the finance team to drive operational efficiency and disciplined capital deployment, ensuring continued value creation for our shareholders.”
The appointment signals confidence in Riot’s strategy to leverage its low‑cost power and extensive land assets for AI infrastructure, while acknowledging the capital intensity and Bitcoin‑price volatility that remain headwinds. With a CFO experienced in both finance and strategy, Riot aims to balance aggressive expansion with financial discipline, positioning the company for sustained growth in a rapidly evolving market.
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