According to Coinspeaker reports on January 22, Argo Blockchain CEO Thomas Chippas announced his resignation after serving as CEO for 14 months. His position will be temporarily taken over by Chief Financial Officer Jim MacCallum until a long-term successor is found. During his tenure, Chippas promoted the early repayment of Galaxy Digital loans and improved financial conditions, but the company still faces significant financial pressure, including a net loss of US$6.3 million in Q3 2024, a 28% year-on-year revenue decline and a drop in mining profit margins from 58% to 8%.