Argo Blockchain, a publicly listed Bitcoin miner, has announced that CEO Thomas Chippas will step down from his position and board directorship, effective February 28, 2025. Chief Financial Officer Jim MacCallum will serve as interim CEO during the executive search for a permanent successor. Chippas joined the company in 2023 and led significant financial improvements during his tenure. However, the company continues to face challenges, with a net loss of $6.3 million in Q3 2024 and declining mining margins. In December, the company raised £4.2 million ($5.3 million) to support strategic initiatives and expansion into high-performance computing. The latest mining report shows production remaining at a five-month low.



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