Core Scientific appoints AI infrastructure veteran Mark Adams to board
Core Scientific (NASDAQ: CORZ) appointed former Penguin Solutions CEO Mark W. Adams to its board of directors, expanding the board to seven members. Adams brings over 30 years of experience in AI infrastructure, semiconductors, and data storage. The appointment supports Core Scientific's strategic transition from bitcoin mining toward high-density colocation services. The company reported total leased customer power capacity of about 1.1 gigawatts, representing over $24 billion in potential contracted revenue. Core Scientific also announced an AMD partnership that could support up to 2.5 gigawatts of leasable capacity, with initial 15-year agreements covering approximately 530 megawatts. The board expansion follows the addition of Zayo Group CEO Steve Smith in May and a February cooperation agreement with Two Seas Capital requiring three independent director appointments.
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