Summary of the Article
- Alex Appleton has resigned from his position as CFO and Executive Director at Argo Blockchain.
- Several other crypto (or related) executives have abandoned their posts during the prolonged bear market.
- Argo Blockchain recently agreed to sell its Helios facility to Mike Novogratz’s Galaxy Digital for $65 million.
Another Crypto Exec Leaves: Argo Blockchain’s CFO Resigns
Alex Appleton is the latest cryptocurrency executive who stepped down from his position. One of the leading bitcoin miners – Argo Blockchain – announced that its CFO and Executive Director Alex Appleton resigned from his position. Several other crypto (or related) executives have abandoned their posts during the prolonged bear market, such as Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius Network, Jesse Powell of Kraken, Michael Saylor of MicroStrategy, and many others.
Resignation From Argo Blockchain
Argo announced that Alex Appleton has resigned from his positions as CFO and Executive Director to pursue other opportunities. Upon departing, Appleton said he was proud of his achievements at the firm. He added that the niche has “great potential” and wished his former colleagues “all the best” for the future.
Reducing Overall Debt with Sale
Appleton’s leaving comes shortly after Argo Blockchain agreed to sell its Helios facility to Mike Novogratz’s Galaxy Digital for $65 million and thus reduce its overall debt. The crypto winter continues to put pressure on various companies in this sector.