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Publicly listed crypto mining firm Argo Blockchain has announced the appointment of Peter Wall, its vice president of operations, as chief executive officer with immediate effect.
Founded in 2017, Argo is a mining-as-a-software (MaaS) service provider that enables customers to efficiently mine Ethereum and other altcoins from their own computer or mobile device in an easy manner. It is the first crypto-mining service provider that entered the main market of the London Stock Exchange through a standard listing.
Wall was a member of the company’s founding team. He has been serving as Argo’s vice president of operations and was responsible for overseeing the company’s day-to-day operations and managing the software development team.
Currently, Wall is serving as a director of Entobiotics Inc, Vernon Blockchain Inc, Weave Technologies Inc and Leaf Studios PLC. In addition, he has also held the position of a director of Singapore-based Orange 22 Pte Ltd for the past five years.
"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,” Mike Edwards, executive chair and co-founder of Argo, said.
Meanwhile, Gil Penchina has stepped down from the post of non-executive director on January 01. Penchina will be succeeded by Ian Macleod of Teligence Group Canada. Mike Edwards will continue serving as Argo’s executive chair.
Argo Blockchain further announced that it has taken delivery of 3,616 Bitmain Antminer T17 machines which are being installed and expected to be operational by January 10.
It can be recalled that Argo amended and expanded its crypto mining equipment order from Bitmain in Oct. 2019. The updated order was for 10,000 Antminer T17 costing $9.5 million.
Argo said that the remaining 6,384 machines are on order and expected to be delivered in batches from early January.
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