Share this article
Bitcoin Miner Argo Blockchain's CEO Resigns
The mining firm had to sell its biggest facility to stave off bankruptcy.
Updated May 29, 2024, 4:46 p.m. Published Feb 9, 2023, 8:16 a.m.
Peter Wall, the CEO and interim chairman of bitcoin mining firm Argo Blockchain (ARBK), has resigned after three years, the company said in a Thursday press release.
The London-based company had a difficult 2022 as soaring power prices raised operating costs at Helios, its biggest site, where the miner didn't have a fixed-rate power agreement. After trying to raise funds to stave off bankruptcy, Argo sold the Texas facility to Galaxy Digital for $65 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Seif El-Bakly will act as interim CEO and Matthew Shaw has been appointed chairman of the board, according to the company's website. Chief Financial Officer Alex Appleton announced his resignation last week.
The company's London-traded shares (ARB) fell more than 10% to 16.6 pence (20 U.S. cents) as of 08:38 UTC.
UPDATE (Feb. 9, 08:46 UTC): Rewrites headline; Adds tenure in first paragraph, share price in last.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
