Core Scientific appoints Adam Sullivan as CEO amid restructuring course of

Publicly traded (BTC) miner Core Scientific has appointed Adam Sullivan its CEO. Sullivan, who beforehand served as the corporate’s president, took the position on Aug. 4, whereas co-founder and former CEO Mike Levitt stays chairman of the board.

Sullivan has over a decade of monetary providers expertise, notably in digital property and infrastructure, with a background that features technique, company finance, and mergers and acquisitions. Earlier than becoming a member of Core Scientific, he held roles at XMS Capital Companions, overseeing transactions totaling over $5 billion, together with Core Scientific’s merger with Energy & Digital Infrastructure Acquisition Corp. in 2021.

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