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.

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.
Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.
The Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
Bitcoin uses half the energy that is wasted every year in the U.S.
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.
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.