Argo Blockchain Promotes VP to CEO Ahead of Expansion

UK-based Crypto Mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the most popular cryptocurrencies being mined are Bitcoin, Litecoin, Ethereum Classic, Monero, and DASH. How is Cryptocurrency Mined?The process of crypto mining itself involves the s Read this Term company Argo Blockchain on Thursday announced the appointment of Peter Wall as its new chief executive officer (CEO).

Wall, who a part of it's founding management team, was promoted to the top from his previous position as vice president of operations in the company.

Commenting on his new leadership role, Wall said: “I am excited and honoured to be appointed chief executive and look forward to working closely with the team to deliver long-term growth and to achieve our aim of becoming the world's biggest publicly listed crypto miner.”

Based in Canada, Wall is also the president and chief of Vernon Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, a company offering turnkey mining solutions for industrial-scale mining operations.

In addition to his new role, he will also assume his position as a director in multiple Canadian and English companies - Entobiotics, Vernon Blockchain, Weave Technologies, and Leaf Studios.

“I am delighted to welcome Peter as our new chief executive officer. His knowledge of Argo and his broad and deep experience in crypto mining will serve the Company well as it moves into its next phase of growth,” said Mike Edwards, executive chairman and co-founder of Argo.

Apart from the new appointment of the top position, the company also shuffled its board a little. Gil Penchina, a non-executive board member, was replaced by Ian Macleod, who is bringing 20 years of strategic legal experience to the table.

Major expansion plan already into effect

The head of the company was appointed at a time when the company is pushing to expand its crypto mining operations. It has recently received a shipment of 3,616 Bitmain Antminer T17 machines and is already in the process of their installation. They are expected to be operational by January 10.

These new machines are a part of the company’s plan to install 10,000 new machines to ramp up its operation by 204 percent.