Jason Les CEO base salary increase
Company: Riot
What the later record shows
Not a promise: a reported event · happened January 1, 2026
The claim reports a salary change that was already effective under Les's amended agreement dated January 1, 2026. The proxy confirms the new 125% AIP terms for Les, but no passage restates his $900,000 figure.
“Amended and Restated Executive Employment Agreement, by and between the Company and Jason Les, dated as of January 1, 2026.”
2026-04-29 · Riot 10-Q filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
“Les is eligible to receive additional annual incentive bonuses under the AIP with a target amount of 125% of his base salary”
2026-04-29 · Riot DEF 14A filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Jason Les's annual base salary increased from $600,000 to $900,000, and the Bitcoin component of his base compensation was eliminated
Source (primary)
Riot 8-K filed 2026-01-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The annual base salary for each of Mr. Les and Mr. Yi increased from $600,000 to $900,000 and the Bitcoin component of their respective base compensation arrangements was eliminated. Previously, each of Mr. Les and Mr. Yi received an annual base salary of $600,000 plus 10 Bitcoin”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that CEO Jason Les's base salary rose from $600,000 to $900,000 and that the Bitcoin component of his base compensation was eliminated.
Confirmed in the source:
- Jason Les's annual base salary increased from $600,000 to $900,000
- The Bitcoin component of Jason Les's base compensation was eliminated
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231x8k.htm) in full (15,572 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2026-01-02
Quote: “The annual base salary for each of Mr. Les and Mr. Yi increased from $600,000 to $900,000 and the Bitcoin component of their respective base compensation arrangements was eliminated. Previously, each of Mr. Les and Mr. Yi received an annual base salary of $600,000 plus 10 Bitcoin”