PlayIconNav
BTC
$67,893.72+2.83%
ETH
$3,268.52+2.62%
BNB
$580.78+1.41%
SOL
$182.53+5.63%
XRP
$0.60064327-0.46%
DOGE
$0.13336215+5.25%
CD20
$2,295.04+3.82%
TON
$6.70+1.10%
ADA
$0.41647790+5.06%
TRX
$0.13752667+1.29%
AVAX
$28.65+4.93%
WBTC
$67,959.72+2.93%
Ad
Finance

Bitcoin Miner Argo Blockchain's CFO Alex Appleton Quits

Appleton, who has served in this role since September 2020, is departing to "pursue other opportunities"

By Jamie Crawley
AccessTimeIconFeb 1, 2023 at 9:16 a.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC
Mining rigs (Eliza Gkritsi/CoinDesk)
Mining rigs (Eliza Gkritsi/CoinDesk)

The chief financial officer of Argo Blockchain, a cryptocurrency miner listed on the London Stock Exchange (ARB) and Nasdaq (ARBK), has quit the firm.

Alex Appleton, who has served in this role since September 2020, is departing to "pursue other opportunities," according to a filing with the London Stock Exchange on Wednesday.

VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • Argo's shares on the LSE are down around 3.4% at 15.07 pence following the news.

    The mining firm narrowly avoided bankruptcy last year by selling its Helios facility in Texas to crypto-focused financial services firm Galaxy Digital for $65 million and a $35 million loan. Argo shares slumped by more than 90% in 2022 in a harrowing year for the mining industry as bitcoin valuations fell while electricity costs soared.

    Appleton did not immediately respond to CoinDesk's request for further comment on his departure.

    Read more: Bitcoin Miner Argo Blockchain Faces Class-Action Suit Over US Share Sale



    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter