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Shareholders are pushing back against soaring executive pay at major US Bitcoin mining firms, with approval rates for compensation packages plummeting far below traditional market averages. A new VanEck report reveals stark disparities in pay structures and growing investor resistance to excessive equity grants.
- Riot Platforms' CEO received a $79.3 million stock award – nearly double Marathon's grant and multiples of peer averages
- 75% of mining firms failed to meet the 70% approval threshold for compensation plans vs just 4% in the Russell 3000
- Equity now comprises 89% of mining exec pay vs 63% for both the Russell 3000 and energy sector
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