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Gemini Space Station, Inc. (NASDAQ: GEMI) is furthering its ongoing reorganization efforts with a sweeping executive shake-up, revealing today the departures of its COO, CFO, and CLO.
What's the Scoop?
- Executive Departures: According to a Form 8-K filed Tuesday by Gemini, the crypto exchange is parting ways with Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Meade.
- Scaling Back: Last week, Gemini announced an overseas retreat, slashing 25% of its workforce in an effort to increase productivity and manage costs. Gemini does not intend to appoint a new COO (co-founder Cameron Winklevoss will assume many of these responsibilities), and junior executives were appointed to carry out CFO and CLO roles in the interim.
- Poor Performer: Shares of GEMI were 15% below Friday's close at the time of writing. The embattled crypto exchange has lost one-third of its value in 2026, and expects to post losses up to $267M before interest, taxes, and depreciation in 2025.
—James Seyffart (@JSeyff) February 17, 2026
