Riot Platforms Chief Data Center Officer Jonathan Gibbs has resigned and given up $18.7 million in unvested stock.

CoinFeed reported on April 16th that, according to The Block, Jonathan Gibbs, Chief Data Center Officer of Bitcoin mining company Riot Platforms, has resigned. He joined the company in June 2025, leading the transformation towards AI and high-performance computing infrastructure. Gibbs relinquished over 1.1 million unvested restricted shares, worth approximately $18.7 million, upon his departure. Details of his departure have not yet been publicly disclosed. Riot has already begun using excess capacity from its Corsicana factory for AI-HPC workloads and launched its first data center partnership with AMD, projecting annual revenue of $647 million in 2025. To fund infrastructure investments, Riot has been reducing its Bitcoin holdings on its balance sheet, selling 3,778 Bitcoins, worth approximately $290 million, in the first quarter of 2026.