Bitcoin News
By Sakamoto Nashi
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Executive Pay Far Exceeds Industry Norms. According to VanEck’s digital asset research team, led by Matthew Sigel and Nathan Frankovitz,…
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Shareholder Disapproval on the Rise. Shareholder approval ratings for these pay packages have also dropped sharply.
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Riot Platforms Faces Sharpest Criticism. The most notable example is Riot Platforms, whose CEO Fred Thiel received $79.
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Three Miners Face Shareholder Rebukes. The trend continued into 2025, with three of the eight U.S.
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Positive Steps: Performance-Based Compensation Gains Ground. While criticism is mounting, there are signs that the industry is starting to address shareholder…
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VanEck Recommends Stronger Incentive Ties. To improve alignment between executive pay and company performance, VanEck suggests Bitcoin mining…
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Final Thoughts: The Pressure to Reform Is Growing. As the Bitcoin mining sector matures and becomes more closely scrutinized by investors, corporate…
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Bitcoin mining companies are coming under pressure from investors over what’s being labeled as “excessive” executive compensation.
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The average pay for a named executive officer (NEO) at a Bitcoin mining firm reached $14.4 million in 2024, more than double the $6.6 million average in 2023.
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This pay level is significantly out of step with other sectors. For comparison, executive compensation in energy and tech companies tends to be much lower and more…
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Shareholder approval ratings for these pay packages have also dropped sharply. VanEck's report found that average approval sits at just 64%—well below the 90% average seen in…
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VanEck’s analysts argue that this reflects justified skepticism: “Mining executives continue to grant themselves oversized equity awards that dilute shareholders without reliably…
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The most notable example is Riot Platforms, whose CEO Fred Thiel received $79.3 million in equity awards in 2024—the highest among all examined firms.
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Furthermore, Riot paid out 73% of its 2024 market cap growth—equivalent to $230 million—to executive officers.
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The report notes that these disparities are not new. Riot’s executive pay practices drew attention as far back as 2022, when shareholders rejected the firm’s proposed pay…
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