Riot Blockchain’s COO to Exit After One Year

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 BTC$108,327.40miner 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