British Crypto Miner Argo Blockchain Announces CEO Resignation

On Tuesday, British crypto miner Argo Blockchain (NASDAQ: ARBK) said Thomas Chippas is resigning from his roles as CEO and director.

This marks the firm’s second CEO change in less than two years, following Chippas’ appointment to the role in November 2023 when he replaced founder and CEO, Peter Wall.

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On an interim basis, Jim MacCallum, who became CFO in April 2023, will now lead the company.

Argo intends to engage an executive search firm to assist the search for its CEO, it added.

The company, founded in 2017 by Wall, has faced significant challenges in recent years, including selling its Helios mining facility at the end of 2022 to prevent bankruptcy.

Edward Cooke

Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.

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