Argo Blockchain has appointed Ian MacLeod as its Executive Chair.

He has taken the role at the listed UK-based cryptocurrency mining company with immediate effect.

Mike Edwards has left the role to focus on his global eSports venture in South East Asia.

"I am delighted to accept the baton from Mike as we continue to rapidly scale up our in-house mining operations, which will further strengthen our position as a leading publicly listed cryptocurrency miner based in one of the world's top financial centres,” said MacLeod.

“I look forward to working closely with Argo's leadership team to take the business to the next level and deliver value to our shareholders.”

Argo Blockchain also said it is ahead of schedule to reach its first quarter goal of 17,000 machines, and now has 15,730 installed machines which currently produce 581 petahash.

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