Riot Blockchain names interim CEO after resignation of CEO and chairman

Australian dollars in Sydney, Friday, Jan. 15, 2016. (AAP Image/Joel Carrett) NO ARCHIVING

Riot Blockchain RIOT, -24.30% on Saturday named Chris Ensey its interim chief executive officer after the company’s chairman and CEO John O’Rourke resigned. Ensey previously served as Riot’s chief operating officer. The move is part of a "restructuring of the company’s senior executives," Riot said in a release. The company disclosed information in its last earnings report regarding comment letters received from the Securities and Exchange Commission. These letters concerned "the unsettled nature of accounting treatment for the company’s cryptocurrency mining" and other topics. Riot was among a handful of companies that pivoted to blockchain last year amid the cryptocurrency craze. Its stock is down more than 80% so far this year.

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