Peter Wall steps down as CEO of struggling BTC miner Argo Blockchain
Peter Wall, who has been at the helm of the BTC miner for three years, says he is leaving to pursue other opportunities, with CFO Appleton and one senior board member also exiting.
Latest Argo Blockchain News
Argo Blockchain caught up in lawsuit over claims of misleading investors
The plaintiffs claim that Argo Blockchain misrepresented some facts regarding the financial strength of the company in its security offering to the public.
Hydro-Quebec CEO behind push to ban new power allocation to BTC miners to leave post
Sophie Brochu has been the CEO of Hydro-Quebec for three years and during her tenure, she called on regulators to suspend the allocation of 270MW to BTC miners.
Argo Blockchain regains Nasdaq compliance as price recovers
Argo received a warning from Nasdaq in December that it would be delisted if its price stayed below the threshold $1 mark as it struggled in the bear market.
Argo Blockchain sells Helios mining facility for $65 million to Galaxy Digital
Argo sold the facility for $65 million while also securing an extra $35 million loan from the Mike Novogratz-owned firm as it struggles with the bear market.
Argo Blockchain can’t guarantee it will avoid bankruptcy despite London relisting
Argo Blockchain was delisted on December 9 after ‘accidentally’ publishing a statement saying it’d file Chapter 11 bankruptcy, but says it’s now restructuring amid relisting.
Block plots BTC mining, integrates Lightning, abets Blockstream
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
Argo borrows $70M from NYDIG to buy mining rigs for its Texas facility
In its filing with the U.S. securities regulator, Argo confirmed that its wholly-owned subsidiary Argo Helios had entered into additional loans under the company’s equipment financing agreement.
Argo Blockchain offers $57.5M in senior notes to fund Texas mining site
Argo will offer senior unsecured notes to raise $58 million, which it will use to finance its Texas mining site that’s set to generate 800MW of electrical power.
Argo Blockchain information leak reveals $2B facility in Texas
In its filing with the London market regulator, Argo said its representatives disclosed some internal information that wasn’t meant to go public yet in a meeting with an equity portfolio manager.
London-listed Argo Blockchain files for $75M US IPO
Argo Blockchain’s IPO for its American Depository Shares will be on the Nasdaq Global Market, with the company intending to use the funds for diversification.
Argo Blockchain profits surge amid share rise in BTC price
The London Stock Exchange-listed company shares rose this week after reporting first-half revenue stronger than many had expected.