CASTLE ROCK, Colo.,
Aug. 15, 2019 /PRNewswire/
-- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot,"
"Riot Blockchain" or the "Company") today announced
that its Board of Directors is implementing a leadership
change. Riot's Chief Executive Officer, Mr. Jeffrey G. McGonegal is being named as Chief
Financial Officer of the Company on an interim basis until a
permanent successor Chief Financial Officer is named. Mr.
McGonegal replaces the departing Mr. Robby
Chang, who joined Riot in February
2018 as its Chief Financial Officer. The Board wishes to
thank Mr. Chang for his past efforts and wishes him well in his
future endeavors. The Company will be immediately conducting
an extensive search to identify and appoint a permanent successor
Chief Financial Officer.
Mr. McGonegal had previously served as Riot's Chief Financial
Officer and he will continue to serve as Riot's Chief Executive
Officer following his appointment as Chief Financial Officer on an
interim basis.
About Riot Blockchain
Riot Blockchain is focused on building, operating, and
supporting blockchain technologies. Its primary operations consist
of cryptocurrency mining, targeted development of exchange and
mining pool platforms, along with other investments within the
sector. For more information, visit: RiotBlockchain.com.
Investor Notice
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully
consider the risks, uncertainties and forward-looking statements
described under "Risk Factors" in Part I, Item 1A of our most
recent annual report on Form 10-K for the fiscal year ended
December 31, 2018, filed with the
Securities and Exchange Commission (the "SEC") on April 2, 2019, as amended by Amendment No. 1 on
Form 10-K/A filed on April 23, 2019,
as well as those risk factors disclosed in our registration
statement on Form S-3 (File No. 333-226111) and any periodic
reports we file with the SEC. If any of these risks were to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline, and you could lose part or all of your
investment.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations should they
occur. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See
"Safe Harbor" below.
Safe Harbor
The information provided in this press release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 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. All statements other than
statements of historical fact may be 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 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 SEC.gov or at the Company's website at
RiotBlockchain.com. These forward-looking statements speak
only as of the date of this communication or the date they were
made and, unless required by applicable federal securities laws,
the Company does not undertake any obligation to update
forward-looking statements contained in this press release.
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SOURCE Riot Blockchain, Inc.