Share this article
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"
Updated May 9, 2023, 4:07 a.m. Published Feb 1, 2023, 9:16 a.m.
Make us preferred on Google
The chief financial officer of Argo Blockchain, a cryptocurrency miner listed on the London Stock Exchange 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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Read more: Bitcoin Miner Argo Blockchain Faces Class-Action Suit Over US Share Sale
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Standard Chartered says U.S. regional banks most at risk in $500 billion stablecoin shift
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
What to know:
- Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin (NIM) for revenue.
- The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028.
- A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.
Top Stories
