Riot Platforms promotes insider to CFO amid AI push

Group 1 - Riot Platforms has appointed Jason Chung as CFO effective March 1, succeeding Colin Yee, who will transition to a senior advisor role [4][7] - Chung's base salary will increase from $500,000 to $550,000 upon his promotion, reflecting the company's commitment to its strategic focus [4][5] - The company is pivoting to expand beyond bitcoin mining, focusing on building AI data centers as part of its growth strategy [4][7] Group 2 - Riot's compensation committee has updated its long-term incentive plan for 2026 to align executive compensation with the company's focus on data center development [5] - The company has eliminated the "bitcoin yield" metric from its long-term incentive plan, indicating a shift in key performance indicators [6] - New performance metrics related to data center revenue and net operating income will be introduced once a data center tenant is secured [6]