Core Scientific, Inc. (Corz), a Digital Infrastructure provider for Computing (High-Performance Computing (HPC) and Bitcoin Miner, has announced the appointment of Jim Nygaard to his new CFO, effective 17 March.
Nygaard, a veteran financing manager, brings long experience in M&A, corporate financing and capital markets from his term of office at XMS Capital Partners and Morgan Stanley, according to a statement Monday.

“Jim’s deep economic expertise and strategic mindset will be instrumental as we continue to scale operations and operate shareholder value,” said CEO Adam Sullivan.

Outgoing CFO Denise Sterling, which led the company through its Chapter 11 -Collecting and secured over $ 1 billion in capital, remains until May 1 to ensure a smooth transition. The transition plan was previously announced on September 6.
This comes after Core Scientific announced an expansion of $ 1.2 billion of its data centers with Coreweave.

The share has increased by 2% in trading before the market, but down over 20% years to date.

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.