Argo Blockchain taps Peter Wall for CEO
Crypto-mining firm Argo Blockchain tapped Peter Wall to take over as chief executive on Thursday, taking over from co-founder Mike Edwards.
Wall, a member of the management team that founded Argo, has been vice president of operations since the group's beginning - responsible for overseeing the day-to-day operations of the mining organisation as well as the management of the software development team.
In addition to his work with Argo, Wall has worked as a technology entrepreneur based in Ottawa, Canada and is also president of Vernon Blockchain, a company specialising in the design, build and management of cryptocurrency mining operations.
Edwards, who will remain the company's executive chairman, said: "I am delighted to welcome Peter as our new chief executive officer. His knowledge of Argo and his broad and deep experience in cryptomining will serve the company well as it moves into its next phase of growth."
Separately, Argo revealed it had taken delivery of 3,616 Bitmain Antminer T17 machines - which were being installed and expected to be operational by 10 January.
The new machines represent 159 petahash (PH), an increase of 75% from the company's existing installed base of mining machines.
As of 1330 GMT, Argo shares were up 8.93% at 6.10p.