Crypto Miner Core Scientific Appoints a New President

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

In December, the Austin, Texas-headquartered company, one of the largest publicly traded crypto mining companies in the U.S., filed for bankruptcy after a year of low crypto prices and high energy prices. However, the company continues to mine bitcoin (BTC) during the bankruptcy process as its cash flows remain positive.

Todd DuChene, Core Scientific’ current president, will become chief legal officer and chief administrative officer, leading corporate, legal, financial and administrative tasks.

At Core Scientific, Sullivan will work on financial and strategic matters, including working with customers, suppliers and creditors as well as help with the reorganization of the company’s management team, according to the filing.

Sullivan spent the past six years in various roles at financial services firm XMS Capital Partners, where he was most recently managing director and head of the digital asset and infrastructure group.

Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.

Helene Braun

Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University’s business and economic reporting program.

Follow @ HeleneBraunn on Twitter

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Helene Braun

Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University’s business and economic reporting program.

Follow @ HeleneBraunn on Twitter

Read more about