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"
Feb 1, 2023 at 9:16 a.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5PVVPRTZRNBE5IG6CTHHPWYNVE.jpg)
Mining rigs (Eliza Gkritsi/CoinDesk)
Jamie Crawley is a CoinDesk news reporter based in London.
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.
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.
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Jamie Crawley is a CoinDesk news reporter based in London.
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