Bitcoin mining company Argo Blockchain has announced that CEO Thomas Chippas will be stepping down from his role and board position, effective February 28. CFO Jim MacCallum will serve as interim CEO while the company searches for a permanent successor. Despite Chippas' efforts to improve the company's finances, Argo reported a net loss of $6.3 million in Q3 2024 and a 28% year-over-year decline in revenue to $7.5 million. Argo raised $5.3 million in December through a share subscription to support strategic initiatives, including relocating or selling mining equipment. The company's latest mining report shows stagnant production, with 39 Bitcoin mined in December, the same as November and a five-month low.



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