Core Scientific, Inc. (CORZ), a provider of digital infrastructure for high-performance computing (HPC) and bitcoin miner, has announced the appointment of Jim Nygaard as its new chief financial officer, effective Mar. 17.
Nygaard, a veteran finance executive, brings extensive experience in M&A, corporate finance, and capital markets from his tenures at XMS Capital Partners and Morgan Stanley, according to a statement on Monday.
Core Scientific Appoints Former Investment Banker as New CFO
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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.