Argo Blockchain CEO Thomas Chippas resigns due to financial difficulties, CFO will serve as interim CEO

According to Coinspeaker, Argo Blockchain CEO Thomas Chippas announced his resignation after serving as CEO for 14 months, and his position will be temporarily taken over by CFO Jim MacCallum until a long-term successor is found. During Chippas' tenure, he pushed for early repayment of Galaxy Digital loans and improved its financial situation, but the company still faces significant financial pressure, including a net loss of $6.3 million in Q3 2024, a 28% year-on-year decrease in revenue, and a mining profit margin dropping from 58% to 8%.