Business
Core Scientific Announces Departure of Board Member Todd Becker
AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services and digital
About this update from Core Scientific, Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nCore Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services and digital asset mining, today announced that Todd Becker will be stepping down from its Board of Directors, effective immediately.\n\nMr. Becker joined the Board in January 2024 and has served as Chair of the Audit Committee. During his tenure, he provided critical leadership and oversight as Core Scientific completed two significant capital raises that materially improved the company's balance sheet, the hiring of a new Chief Financial Officer and supported its ongoing operational and strategic objectives following its emergence from bankruptcy. His financial acumen and disciplined approach to governance were instrumental during a pivotal stage in the company's transformation.\n\n\"On behalf of the Board and management team, I want to thank Todd for his dedication and service to Core Scientific,\" said Adam Sullivan, Chief Executive Officer. \"His steady leadership and sound judgment were essential as we worked to strengthen our financial foundation and position the company for long-term success.\"\n\nMr. Becker's resignation was not due to any disagreement with the Board, the Company, or management on any matter relating to the Company's operations, policies, or practices.\n\nThe company has initiated a search for a new independent director to succeed Mr. Becker on the Board.\n\nABOUT CORE SCIENTIFIC\n\nCore Scientific, Inc. (“Core Scientific” or the “Company”) is a leader in digital infrastructure for high-density colocation services and digital asset mining. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure, software solutions and services to our third-party customers. We employ our own large fleet of computers (“miners”) to earn digital assets for our own account and to provide hosting services for large digital asset mining customers and we are in the process of allocating and converting a significant portion of our ten facilities in Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1) and Texas (3) to support artificial intelligence-related workloads under a series of contracts that entail the modification of certain of our data centers to deliver next generation col...