Argo Blockchain boss mines £17m profit | Business

A former video journalist is sitting on a £17 million profit after a surge in the value of his bitcoin company.

Peter Wall is among the big winners from a huge rally in Argo Blockchain, the listed cryptocurrency miner that he has run since the start of last year.

As recently as November, its shares were changing hands for less than 10p, but they have soared to 238p amid a feeding frenzy for bitcoin and related assets. Argo Blockchain’s market value recently topped £1 billion.

Wall, 45, was part of the team that founded the company in 2017 and floated the bitcoin miner on the London market in 2018. The Canadian took charge of Argo Blockchain after the departure of Jonathan Bixby and Mike Edwards,