Justin Nolan recently served as CEO at Arkon Energy and previously helped develop Argo's Helios project.
Now he returns to lead the cryptocurrency mining company's efforts to get back to profitability.
The publicly-listed
Bitcoin (BTC) mining company Argo Blockchain (LSE: ARB; NASDAQ: ARBK) has appointed Justin
Nolan as its new Chief Executive Officer (CEO) and Director, effective
immediately, the company announced today (Monday).
Justin Nolan Returns to
Argo Blockchain as New CEO
Nolan, who
previously served as Argo's Chief Growth Officer, rejoins the company after a
stint as CEO at Arkon Energy, a digital infrastructure firm. His appointment
marks an important move for Argo as it looks to strengthen its position in the
competitive cryptocurrency mining sector and regain profitability.
Matthew Shaw, Chairman of the Board at Argo Blockchain
“We
are delighted to welcome Justin back to Argo at this pivotal time for the
Company,” said Matthew Shaw, Argo's chairman. “His deep industry
expertise, strategic vision, and leadership in scaling mining operations make
him the ideal leader for our next phase of growth.”
Nolan
brings significant experience in the cryptocurrency mining industry, having
previously played a key role in expanding Argo's operations during his tenure
as Chief Growth Officer from April 2022 to January 2023. Before that, he served
as Vice President of Business Development at the company.
Although
Argo has not yet published its full report for 2024, the
most current one for Q3 leaves no doubt: the situation is difficult. Like
the entire crypto industry, Argo is struggling with margins: on the one hand,
mining costs and difficulty are increasing, while on the other hand, the
current Bitcoin correction isn't helping to increase revenue.
In Argo's
case, Q3 saw a revenue reduction of almost 30% to $7.5 million. During this
period, the company was mining an average of 1.3 BTC per day. Mining margins
shrank from 58% to 8%, and the net loss deepened to $6.3 million.
However,
the new CEO sees a light at the end of the tunnel.
“Argo Has a Strong
Foundation”
Nolan’s
history with Argo extends to the development of the Helios project, which he
initially co-founded through DPN LLC before Argo acquired it in March 2021.
This project has been a significant part of Argo's operational footprint.
“I am
honored to rejoin Argo as CEO and lead the Company into its next chapter,”
Nolan said. “Argo has a strong foundation, a talented team, and a
commitment to operational excellence. I look forward to working closely with
the Board and our stakeholders to drive innovation, enhance efficiency, and
create sustainable value for shareholders.”
As part of
his compensation package, Nolan has been awarded 22,250,000 performance share
units (PSUs) relating to the company's ordinary shares. These PSUs will vest
over a three-year period, subject to his continued employment and satisfaction
of performance conditions specific to his role.
The publicly-listed
Bitcoin (BTC) mining company Argo Blockchain (LSE: ARB; NASDAQ: ARBK) has appointed Justin
Nolan as its new Chief Executive Officer (CEO) and Director, effective
immediately, the company announced today (Monday).
Justin Nolan Returns to
Argo Blockchain as New CEO
Nolan, who
previously served as Argo's Chief Growth Officer, rejoins the company after a
stint as CEO at Arkon Energy, a digital infrastructure firm. His appointment
marks an important move for Argo as it looks to strengthen its position in the
competitive cryptocurrency mining sector and regain profitability.
Matthew Shaw, Chairman of the Board at Argo Blockchain
“We
are delighted to welcome Justin back to Argo at this pivotal time for the
Company,” said Matthew Shaw, Argo's chairman. “His deep industry
expertise, strategic vision, and leadership in scaling mining operations make
him the ideal leader for our next phase of growth.”
Nolan
brings significant experience in the cryptocurrency mining industry, having
previously played a key role in expanding Argo's operations during his tenure
as Chief Growth Officer from April 2022 to January 2023. Before that, he served
as Vice President of Business Development at the company.
Although
Argo has not yet published its full report for 2024, the
most current one for Q3 leaves no doubt: the situation is difficult. Like
the entire crypto industry, Argo is struggling with margins: on the one hand,
mining costs and difficulty are increasing, while on the other hand, the
current Bitcoin correction isn't helping to increase revenue.
In Argo's
case, Q3 saw a revenue reduction of almost 30% to $7.5 million. During this
period, the company was mining an average of 1.3 BTC per day. Mining margins
shrank from 58% to 8%, and the net loss deepened to $6.3 million.
However,
the new CEO sees a light at the end of the tunnel.
“Argo Has a Strong
Foundation”
Nolan’s
history with Argo extends to the development of the Helios project, which he
initially co-founded through DPN LLC before Argo acquired it in March 2021.
This project has been a significant part of Argo's operational footprint.
“I am
honored to rejoin Argo as CEO and lead the Company into its next chapter,”
Nolan said. “Argo has a strong foundation, a talented team, and a
commitment to operational excellence. I look forward to working closely with
the Board and our stakeholders to drive innovation, enhance efficiency, and
create sustainable value for shareholders.”
As part of
his compensation package, Nolan has been awarded 22,250,000 performance share
units (PSUs) relating to the company's ordinary shares. These PSUs will vest
over a three-year period, subject to his continued employment and satisfaction
of performance conditions specific to his role.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Retail Broker FXTRADING Appoints Institutional Veteran Adam Phillips as CEO
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
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-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
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-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
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Speakers:
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-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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Educators, IBs, And Other Regional Growth Drivers
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When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
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-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
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Speakers:
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-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
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-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Mind The Gap: Can Retail Investors Save the UK Stock Market?
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Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
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-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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