Alex Appleton, CFO and executive director at Argo Blockchain, has resigned.

 

Alex Appleton, CFO and executive director at Argo Blockchain, has resigned.

 Appleton served in his role since September 2020 but will now explore opportunities in non-crypto-focused sectors. 


  • Argo Blockchain is a crypto miner listed on the London Stock Exchange (ARB) and Nasdaq (ARBK). 
    • The company's shares fell 3.4% to 15.07 pence following Appleton's departure. 
    • Overall, the company's shares dropped 90% in 2022 due to high electricity costs and the crypto winter. 
  • The announcement came days after Appleton's company sold its Helios facility to Galaxy Digital for $65M. 
    • The company avoided bankruptcy by selling the Helios facility in time. 

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