{"id":3738,"date":"2021-05-24T23:25:47","date_gmt":"2021-05-24T22:25:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3738"},"modified":"2021-05-24T23:29:43","modified_gmt":"2021-05-24T22:29:43","slug":"riot-blockchain-inc-appoints-benjamin-yi-as-executive-chairman-and-lance-as-dambrosio-director","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/riot-blockchain-inc-appoints-benjamin-yi-as-executive-chairman-and-lance-as-dambrosio-director\/","title":{"rendered":"Riot Blockchain Inc. appoints Benjamin Yi as Executive Chairman and Lance D\u2019Ambrosio as Director"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">\u00a0<strong><a href=\"https:\/\/coinscreed.com\/staging\/top-mining-metals-firms-test-blockchain-to-trace-cobalt-for-electric-cars.html\" data-type=\"post\" data-id=\"3629\" class=\"rank-math-link\">Riot Blockchain<\/a>, Inc.<\/strong> one of the top Bitcoin mining companies in the United States, announces the appointment of Benjamin Yi as New Executive Chairman, and that Lance D\u2019Ambrosio has been appointed to the Company\u2019s Board of Directors, as an independent director.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"535\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized-1024x535.jpg\" alt=\"Riot Blockchain Inc. appoints Benjamin Yi as Executive Chairman and Lance as D\u2019Ambrosio Director\" class=\"wp-image-3739\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized-1024x535.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized-300x157.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized-768x401.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized-150x78.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Appointment of Executive Chairman, Benjamin Yi<\/strong><\/h2>\n\n\n\n<p>The New Executive Chairman, <a href=\"https:\/\/www.google.com\/search?q=Riot+Blockchain+Inc.&tbm=isch&ved=2ahUKEwiApNn5rOPwAhWP_4UKHQwcBAYQ2-cCegQIABAA#imgrc=50pmBjtsIFybfM\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">Benjamin Yi<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> has served as an independent director on the Riot\u2019s Board of Directors since October 2018 and as Chairman of the Board since November 2020.\u00a0 As Executive Chairman, he will continue to work closely with Riot\u2019s executive management team to execute upon the Company\u2019s mission to become one of the most relevant and significant companies supporting the Bitcoin network and greater Bitcoin ecosystem.<\/p>\n\n\n\n<p><strong>During Mr. Yi\u2019s tenure to-date, the Company\u2019s collective achievements include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Significantly improved operating and financial profiles, including the attainment of profitability;<\/li><li>A reconstituted and more diverse Board of Directors;<\/li><li>A reconstituted, operationally streamlined management team;<\/li><li>The announcement of a transformative transaction, creating a US-based industry leader in Bitcoin mining via the planned acquisition of Whinstone US, the largest Bitcoin hosting facility in North America, as measured by developed capacity.<\/li><\/ul>\n\n\n\n<p>Mr. Yi brings significant experience in corporate strategy, corporate development, and governance to the Riot management team.\u00a0 In addition to having served as a director of several public and private companies, he also brings over sixteen years of unique capital markets experience to the management team, with particular expertise in fintech-enabled businesses, specialty finance, and special situations investing throughout a company\u2019s capital structure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Appointment of New Director, Lance D\u2019Ambrosio<\/strong><\/h2>\n\n\n\n<p>Riot is also pleased to announce that Lance D\u2019Ambrosio has been appointed to the Company\u2019s Board of Directors, effective today.<\/p>\n\n\n\n<p>Lance D\u2019Ambrosio, age 64, is a successful entrepreneur, private investor, corporate director, and a past recipient of the Ernst & Young and Merrill Lynch Entrepreneur of the Year Award in the category of e-Software & Services.\u00a0 Currently, he serves as Managing Partner of 4 D Investments, which focuses on technology and real estate investments.\u00a0 Mr. D\u2019Ambrosio has founded and grown several companies spanning several industries, including the telecommunications, materials, and automotive sectors.\u00a0 <\/p>\n\n\n\n<p>Over the course of his career, he has led capital raising efforts totaling hundreds of millions of dollars, executed on over thirty corporate acquisitions, successfully taken a number of companies public on both US and international exchanges, and successfully sold several businesses to larger market participants, including Sprint Telecommunications and Comsat International, a subsidiary of Lockheed Martin.<\/p>\n\n\n\n<p>Mr. D\u2019Ambrosio brings significant corporate governance experience to Riot\u2019s Board, including expertise in financial analysis, mergers and acquisitions, and complex international structuring.&nbsp; Mr. D\u2019Ambrosio graduated from the University of Utah in 1979 with a Degree of Bachelor of Science in Marketing and a Bachelor of Science Degree in Management as a member of the Dean\u2019s Honor List.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Appointment of New Lead Independent Director<\/strong><\/h2>\n\n\n\n<p>Riot is also pleased to announce that the Board of Directors has unanimously elected Hubert Marleau as Lead Independent Director, effective today.&nbsp; Mr. Marleau has served as an independent director since November 2020 and currently serves as the Chair of the Governance and Nominating Committee.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Riot Blockchain, Inc. one of the top Bitcoin mining companies in the United States, announces the appointment of Benjamin Yi as New Executive Chairman, and that Lance D\u2019Ambrosio has been appointed to the Company\u2019s Board of Directors, as an independent director. Appointment of Executive Chairman, Benjamin Yi The New Executive Chairman, Benjamin Yi has served [&hellip;]<\/p>\n","protected":false},"author":63,"featured_media":3739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,81],"tags":[202,373],"class_list":["post-3738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-altcoin-news","tag-blockchain","tag-riot"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/social_image_resized.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3738"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3739"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}