Core Scientific, Inc. (NASDAQ: CORZ) said on Tuesday that CoreWeave, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt hosting contract entered into with CoreWeave on June 3, 2024.
Core Scientific announces exercise of final contract option by CoreWeave
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Mr. Sullivan has more than a decade of experience in financial services, with a focus on investment banking in the digital assets and infrastructure space.
His expertise spans strategy development, corporate finance, and M&A. Prior to joining Core Scientific as President in 2023, Adam served as a Managing Director and Head of Digital Assets and Infrastructure at XMS Capital Partners. In his role at XMS, Mr. Sullivan established himself as one of the key facilitators for M&A and capital raises in the crypto mining industry, overseeing more than $5 billion of transactions, including Core Scientific’s business combination with Power & Digital Infrastructure Acquisition Corp. (“XPDI”) (NASDAQ: XPDI) in 2021.