Core Scientific, a publicly traded Bitcoin miner, has appointed Adam Sullivan as its new CEO. Sullivan, who previously served as the company's president, has over a decade of experience in digital assets and infrastructure. The change in leadership comes amid Core Scientific's restructuring process, which began after the company filed for Chapter 11 bankruptcy protection in December 2022. Despite this, the company has seen a boost in liquidity due to higher Bitcoin prices and reduced energy costs, and is expected to exit proceedings by September.
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Core Scientific appoints Adam Sullivan as CEO amid restructuring process
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