Tuesday, December 5, 2023

Core Scientific appoints Adam Sullivan as CEO amid restructuring process

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Core Scientific appoints Adam Sullivan as CEO amid restructuring process © Reuters.

Publicly traded (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who previously served as the company’s president, took the role on Aug. 4, while co-founder and former CEO Mike Levitt remains chairman of the board.

Sullivan has over a decade of financial services experience, particularly in digital assets and infrastructure, with a background that includes strategy, corporate finance, and mergers and acquisitions. Before joining Core Scientific, he held roles at XMS Capital Partners, overseeing transactions totaling over $5 billion, including Core Scientific’s merger with Power & Digital Infrastructure Acquisition Corp. in 2021.

Core Scientific’s share price movement in 2023. Source: Google (NASDAQ:) Finance

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