Argo Blockchain CEO Follows CFO in Stepping Down
Peter Wall will no longer be at the helm of Argo, while Seif El-Bakly will serve as Interim CEO.
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Peter Wall will no longer be at the helm of Argo, while Seif El-Bakly will serve as Interim CEO.
Alex Appleton is the latest cryptocurrency executive who stepped down from his position.
SOL initiated a small upward movement after the ETH merge. While ADA is lagging behind, BNB might have begun a bullish trend reversal.
On-chain data shows the 30-day moving average of the Bitcoin mining hashrate is close to setting a new all-time high.
Data shows the Bitcoin mining hashrate has been moving sideways since five months now as the miners' revenues remain low. ...
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
Shares of mining firm Argo Blockchain beat BP and Lloyds Banking Group to become one of the most actively traded stocks by Fidelity clients in 2021.
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.