Argo Blockchain Chief Executive Officer Justin Nolan left the company on August 30. According to Foresight News, Nolan will receive a one-time cash payment of $250,000 under the terms of his agreement, with standard tax withholding applied.
The agreement will take effect after the seven-day period expires if the right of revocation is not exercised. During the board's search for a successor, the current management team will oversee daily operations under board supervision. The company is seeking a candidate with capital-raising and operational execution experience in data centers and artificial intelligence technology.