Former Managing Director of Bitfury Canada to serve as COO of
Riot's Subsidiary
CASTLE ROCK, Colo.,
Jan. 17, 2018 /CNW/ -- Riot
Blockchain, Inc. (Nasdaq: RIOT) (the "Company") today announced
that it has appointed Jeffrey
Vormittag as Chief Operating Officer of its wholly owned
subsidiary, Riot Blockchain Canada Inc. Mr. Vormittag joins Riot
Blockchain from Bitfury Technology Inc where he held the role of
Managing Director for Canada,
leading the development and launch of two blockchain mining data
centers in Alberta, Canada,
totaling nearly 60 Megawatts.
"We are thrilled to have someone with Jeffrey's experience in
energy infrastructure and cryptocurrency mining join Riot in a
Senior Executive position," commented John
O'Rourke, Chairman and CEO of Riot Blockchain. "One of our
core focuses continues to be securing energy infrastructure for the
build out of cryptocurrency mining and data center operations.
Jeffrey will be instrumental in Riot's growth plans moving
forward."
Mr. Vormittag previously worked for over a decade in Canadian
telecommunications, holding leadership roles in network service
design and data center operations at Canada's second largest telecommunications
provider. Jeffrey is an accomplished IT Project Manager in the
areas of data center deployment and technology integration.
Jeffrey holds a BA from the University of
Waterloo and earned the PMI Project Management Professional
designation in 2011.
The blockchain is a decentralized and encrypted ledger that
offers a secure, efficient, verifiable and permanent way of storing
records and other information without the need for intermediaries.
These protocols are the backbone of numerous digital currencies,
including Bitcoin, Ethereum and Litecoin. Blockchain protocols have
a wide range of use, including processing transactions, accounting,
verification and proof of ownership across a far-reaching spectrum
of applications.
About Riot Blockchain
Riot Blockchain, Inc. is leveraging its expertise and a network
of professional advisors to build and support blockchain
technologies. It is establishing an Advisory Board with technical
experience intending to become a leading authority and supporter of
blockchain, while providing investment exposure to the rapidly
growing Bitcoin and blockchain ecosystems. For more information,
visit http://www.RiotBlockchain.com/.
Safe Harbor
The information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as "anticipates," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that may never materialize or
may prove to be incorrect. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of various risks and
uncertainties. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic filings with
the Securities and Exchange Commission, including the factors
described in the sections entitled "Risk Factors", copies of which
may be obtained from the SEC's website at www.sec.gov. The parties
do not undertake any obligation to update forward-looking
statements contained in this press release.
Media Contacts
Karen
Chase or Travis Kruse
Russo Partners, LLC
(646) 942-5627
(212) 845-4272
karen.chase@russopartnersllc.com
travis.kruse@russopartnersllc.com
Investor Contact
IR@RiotBlockchain.com
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SOURCE Riot Blockchain, Inc.