Riot Blockchain’s COO to Exit After One Year
Megan Brooks-Anderson was promoted to chief operating officer in April 2021.
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Bitcoin miner Riot Blockchain (RIOT) announced the exit, effective April 7, of Chief Operating Officer Megan Brooks-Anderson, according to a filing.
- Brooks-Anderson was elevated to COO on April 6, 2021. Prior to that, she was Riot’s vice president of finance.
- The filing doesn’t specify any reason for her leaving and the company wasn’t immediately available to comment.
- On March 16, Riot topped analyst estimates, reporting full-year 2021 revenue up 1,665% from the prior year, and also reiterated management expectations of reaching a 2022 hashrate of 12.8 exahash per second (EH/s).
- To that end, Riot is in the middle of implementing the first phase of a 200-megawatt immersion-cooled bitcoin miner deployment at its Whinstone Facility, in Rockdale, Texas.
- Riot shares are down 8.4% year to date, modestly outperforming bitcoin’s 11% decline. On a year-over-year basis, RIOT is lower by 58% versus bitcoin’s 10% drop.
Read more: Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
