Aside from his role of CEO of Argo Blockchain PLC, he is a well-known figure in cryptocurrency mining community and Canadian tech circles. Some of his other well known roles include President of Vernon Blockchain, Director of Entobiotics Inc and senior-level management roles in Weave Technologies Inc, Orange 22 Pte Ltd, and Leaf Studios PLC. Vernon Blockchain is a firm specializing in design, build and management of huge cryptocurrency mining operations in Canada and worldwide. Over the course of the last five years, Peter has been actively involved in various cryptocurrency mining projects which are based out of Quebec as a consultant and also holds his own personal mining operation. The filing statement also revealed that Mr. Gil Penchina stepped down from his role as Non-Executive Director and was succeeded by Mr. Ian Macleod effective since 01.01.2020. The filing also revealed that the firm recently took delivery of 3616 Bitmain Antminer T17 machines of the 17000 machines approximately ordered in a plan to increase to its production base. The new machines are currently being installed and are expected to be operational by January 10th, 2020 which would boost the firm’s hash rate to 159 Peta Hash bringing a 75% boost to firm’s current hash rate.
The firm expects to on-board the remaining mining hardware by end of Q1 of 2020 which would effectively bring its hash rate to 640 PH bringing about a 204% increase to firm’s total mining capacity from its current capacity.
Commenting on his new role at the firm Mr. Hall said, “I am excited and honored to be appointed chief executive and look forward to working closely with the team to deliver long-term growth and to achieve our aim of becoming the world’s biggest publicly listed cryptominer”.
Speaking on the changes made to firm’s board, Mike Edwards – Co-Founder and Executive Chairman of the firm added, “I am delighted to welcome Peter as our new chief executive officer. His knowledge of Argo and his broad and deep experience in cryptomining will serve the Company well as it moves into its next phase of growth. I would also like to thank Gil Penchina for his invaluable contribution to Argo and wish him all the best in his future projects. We welcome Ian Macleod as a non-executive. Ian brings significant skills in legal matters, corporate governance and regulation”.