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Argo Blockchain has granted Justin Nolan 22.25 million performance share units (PSUs) over three years, contingent on his continued employment and the achievement of specific performance milestones
Argo Blockchain went public on the Nasdaq in September 2021 and is currently facing financial challenges, including a market cap under $40 million, a declining stock price and liquidity issues
Justin Nolan previously served as Chief Growth Officer at Argo and led expansion efforts including the Helios project; he also served as CEO of Arkon Energy and co-founded DPN LLC
Argo Blockchain is a blockchain technology company focused on large-scale cryptocurrency mining, operating a facility in Quebec with offices in the US, Canada and the UK
Justin Nolan becomes Argo Blockchain’s second CEO in just over a year, succeeding Thomas Chippas, as the company works to rebuild after selling its Helios facility in 2022 to avoid bankruptcy
Argo Blockchain appointed Justin Nolan as CEO, marking his return to the company

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