REG - Argo Blockchain PLC - Argo CEO Change

Argo BlockchainAnnouncement

21/01/2025 07:00

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RNS Number : 0296U  Argo Blockchain PLC  21 January 2025

Press Release

21 January 2025

Argo Blockchain plc

("Argo" or "the Company")

 

Change in Executive Management

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announces that Thomas Chippas is
stepping down from his positions as Chief Executive Officer and Director
effective 28 February 2025. Argo intends to engage an executive search firm to
assist with the process of selecting a new Chief Executive Officer and will
update the market in due course. In the interim, the Board has appointed Jim
MacCallum, current Chief Financial Officer, as interim-Chief Executive
Officer.

Matthew Shaw, Chairman of the Board, said: "Thomas has made significant
contributions to Argo including the repayment of the Galaxy loan ahead of
schedule and improving the balance sheet. On behalf of the Board and everyone
at Argo, I would like to thank Thomas for his many achievements and wish him
every success in the future."

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec and offices in the US, Canada, and the UK, Argo's global,
sustainable operations are predominantly powered by renewable energy. In 2021,
Argo became the first climate positive cryptocurrency mining company, and a
signatory to the Crypto Climate Accord. For more information, visit
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

 

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