LONDON: Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announced Monday the appointment of Justin Nolan as chief executive officer and director, effective March 22, 2025.
Nolan, formerly CEO of Arkon Energy, brings extensive experience in the digital infrastructure and cryptocurrency mining sectors. He previously served as Argo’s chief growth officer, where he spearheaded the development of the company’s Helios mining facility. Before joining Argo, Nolan co-founded DPN LLC, a key player in the early stages of the Helios project, which Argo acquired in March 2021.
“We are delighted to welcome Justin back to Argo at this pivotal time for the company,” said Matthew Shaw, Argo’s chairman. “His industry expertise, strategic vision and leadership in scaling mining operations make him the ideal leader for our next phase of growth. Under his guidance, we look forward to strengthening Argo’s market position and operational efficiency.”
In his new role, Nolan will focus on driving innovation, enhancing efficiency, and delivering sustainable value to shareholders.
“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 stakeholders.”
As part of his appointment, Argo awarded Nolan 22.25 million performance share units (PSUs) tied to the company’s ordinary shares. The PSUs, subject to performance conditions, will vest over three years in one-third increments, starting 12 months from the grant date.