VanEck’s research indicates significant misalignment between Bitcoin miner executive pay and shareholder interests. While the average executive pay reached 14.4 million USD in 2024, approval among shareholders stands at only 64%.
The high compensation packages, heavily weighted in equity, raise alarms about shareholder value dilution. Riot Platforms notably allocated 73% of its market cap increase to executive pay, contrasting sharply with others like Core Scientific.
In light of these disparities, shareholders pushed back against excessive pay packages in 2025, rejecting several executive compensation proposals as concerns about pay-for-performance alignment continue to grow.
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