Core Scientific (CORZ) Announces CFO Transition

Core Scientific, Inc. (NASDAQ: CORZ) today announced that Denise Sterling has decided to step down from her role as Executive Vice President and Chief Financial Officer effective May 1, 2025 or as soon as a permanent successor has been identified.

Core Scientific has commenced a search process with the assistance of an executive search firm to identify Ms. Sterling’s successor.

“Denise led our Finance team with poise and exceptional dedication through a very transformative and demanding period for our company,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “She worked around the clock to support our successful restructuring and emergence, helped us achieve our recent successful $460 million convertible note offering, and has played an instrumental role in positioning us for significant future growth. We appreciate all that Denise has contributed to Core Scientific and for the outstanding Finance team she built. We are grateful to benefit from her continued leadership as we conduct our search for our next CFO.”

“It has been an honor to work alongside Adam and the team to help Core Scientific become the leading high-power digital-infrastructure operator it is today,” commented Ms. Sterling. “I am excited to continue building on our strong momentum in the coming months as we advance our high-performance computing hosting strategy and other key strategic initiatives. I look forward to supporting the Board and management team in their work to identify the right financial leader for the Company’s next phase of growth.”

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