Core Scientific Appoints Elizabeth Crain to Board of Directors

Core Scientific, a leader in digital infrastructure for high-density colocation services and digital asset mining, has announced the appointment of Elizabeth Crain to its Board of Directors, effective immediately. Ms. Crain will also serve as the Chair of the Company's Audit Committee, bringing over 30 years of experience in investment banking, private equity, and executive leadership to the role.

Ms. Crain is a Co-Founder and former Chief Operating Officer of Moelis & Company, a leading global independent investment bank. In her role as COO, she oversaw the firm's global strategy, infrastructure, and business operations, playing a key role in scaling Moelis into an internationally recognized financial advisory platform. Prior to co-founding Moelis, Ms. Crain spent more than two decades in investment banking and private equity, including as a Managing Director and Chief Operating Officer of UBS Investment Banking Americas.

As part of the announcement, the Company's Board of Directors elected Jordan Levy as Chair of the Board, succeeding Jarrod Patten.

Key Takeaways:

• Elizabeth Crain has been appointed to Core Scientific's Board of Directors, effective immediately, and will serve as Chair of the Company's Audit Committee.
• Ms. Crain brings over 30 years of experience in investment banking, private equity, and executive leadership to the role.
• She is a Co-Founder and former Chief Operating Officer of Moelis & Company, a leading global independent investment bank.
• Prior to co-founding Moelis, Ms. Crain spent more than two decades in investment banking and private equity, including as a Managing Director and Chief Operating Officer of UBS Investment Banking Americas.
• Jordan Levy has been elected as Chair of the Board, succeeding Jarrod Patten.
• Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining.
• The Company operates dedicated, purpose-built facilities for digital asset mining and is a premier provider of digital infrastructure, software solutions, and services to its third-party customers.

Statistics:

• Core Scientific has allocated a significant portion of its ten facilities in Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1), and Texas (3) to support artificial intelligence-related workloads under a series of contracts.
• The Company derives the majority of its revenue from earning digital assets for its own account (self-mining).
• Elizabeth Crain is also a member of the Board of Nokia Corporation (NYSE: NOK).
• Ms. Crain holds an MBA from The Wharton School, University of Pennsylvania, and a B.S. in Economics from Arizona State University.

Sources:

• BusinessWire: "Core Scientific Appoints Elizabeth Crain to Board of Directors"
• Core Scientific's Annual Report on Form 10-K for the year ended December 31, 2024
• Core Scientific's Quarterly Reports on Form 10-Q
• Barron's: "100 Most Influential Women in U.S. Finance" (2022)