Argo Blockchain Appoints Thomas Chippas as CEO and Director
London Stock Exchange and Nasdaq-listed Bitcoin mining company Argo Blockchain welcomes Thomas Chippas as its new CEO, bringing extensive experience in digital assets and financial services to the role.
Argo Blockchain, a prominent Bitcoin mining and technology company listed on the London Stock Exchange and Nasdaq, has announced the appointment of Thomas Chippas as its new CEO and Director. Chippas, based in New York, brings a wealth of experience in the digital assets and financial services sectors, having held leadership positions at CBOE Digital, ErisX, Citadel Technology, Axoni, and major financial institutions such as Citigroup, Barclays, and Deutsche Bank. The appointment comes as Argo Blockchain aims to enhance operational excellence and drive stakeholder value in the rapidly evolving Bitcoin mining industry.
A Proven Leader in Digital Assets and Financial Services
Thomas Chippas, the newly appointed CEO and Director of Argo Blockchain, has a strong track record in the digital assets and financial services space. He most recently served as the CEO of CBOE Digital and was a former member of its board of directors. Chippas also founded and led the crypto trading platform ErisX, which was acquired by CBOE during the bull market in October 2021. However, CBOE reported a significant write-down on the acquisition in 2022. Prior to his roles at CBOE and ErisX, Chippas held leadership positions at Citadel Technology, Axoni, and major financial institutions including Citigroup, Barclays, and Deutsche Bank.
Driving Operational Excellence and Stakeholder Value
Argo Blockchain’s Chairman, Matthew Shaw, expressed confidence in Chippas’ ability to lead the company towards operational excellence and create value for stakeholders. Chippas himself acknowledged the rapid pace of innovation in the Bitcoin mining industry and the increasing need for efficiency and capacity as miners prepare for the Bitcoin halving and beyond. He looks forward to working with the Argo team to pursue the opportunities that lie ahead.
Performance-Based Compensation and Share Units
As part of Chippas’ appointment, he is eligible to receive up to 2.85 million units relating to Argo’s American Depositary Shares vested over a three-year period, subject to continued employment and meeting specific performance criteria. The board of Argo also plans to grant additional performance share units to Chippas on the first and second anniversaries of his appointment, in accordance with the company’s shareholder-approved remuneration policy and authority to issue new securities.
Conclusion: Argo Blockchain’s appointment of Thomas Chippas as CEO and Director marks a significant development for the company as it seeks to navigate the evolving landscape of Bitcoin mining. With Chippas’ extensive experience in digital assets and financial services, Argo aims to drive operational excellence and create value for its stakeholders. As the Bitcoin mining industry continues to innovate and prepare for future challenges, Chippas and the Argo team are well-positioned to seize opportunities and propel the company forward.