UK's Argo Blockchain names former exec as CEO

-Britain's Argo Blockchain on Monday said former chief growth officer Justin Nolan would return as the cryptocurrency miner's chief executive officer.

Nolan, who was most recently the top boss at digital infrastructure firm Arkon Energy, will replace Thomas Chippas, whose departure was announced in January.

Argo has faced challenging business conditions since being founded in 2017, and had to sell its Helios mining facility in Texas in 2022 to stave off bankruptcy.

Nolan will be the company's second CEO in just over a year. Argo said he had played a key role in expanding its operations, including the development of the Helios project, in his prior stint with the company.

(Reporting by Shashwat Awasthi; Editing by Savio D'Souza and Mrigank Dhaniwala)

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