Argo Blockchain shares plunge 8% following COO departure
Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, follow ing the departure of the company’s former head, Peter Wall. The report highlights that since February 2023, the operations team has been reporting to Argo CSO Sebastien Chalus, who will continue to oversee all operations moving forward. ARBK shares in USD | Source: Nasdaq Amid the news, Argo (ARBK) shares on Nasdaq plunged in a moment by 8.6% to $3.36, resulting in the firm’s market capitalization falling to $183.7 m...