RCA Telegram News California - Technology (English)

Argo CEO Change

LONDON, UK / ACCESS Newswire / January 21, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that Thomas Chippas is stepping down from his positions as Chief Executive Officer and Director effective 28 February 2025. Argo intends to engage an executive search firm to assist with the process of selecting a new Chief Executive Officer and will update the market in due course. In the interim, the Board has appointed Jim MacCallum, current Chief Financial Officer, as interim-Chief Executive Officer.

Zedge Announces GuruShots Restructuring to Improve Profitability and Position Itself for Long-term Growth

Initiatives, including an approximate 14% reduction in Zedge's global headcount, mostly impacting GuruShots, are expected to lower costs by approximately $1.7 million (pre-tax) on an annualized basisCost reductions expected to enhance profitability and cash flowComprehensive overhaul of the GuruShots game underway, targeting much-improved player experience to drive future growth