Core Scientific Announces Resignation of Board Member and Appointment of New Board Member

Details

There was no disagreement with the Board, the Company, or management. On May 14, 2025, Elizabeth Crain was appointed to the Board and as Chair of the Audit Committee, effective immediately. Ms. Crain, a Partner at Consello Group, has extensive experience in investment banking and business advisory. Press releases announcing these changes are furnished as Exhibits 99.1 and 99.2.

Items reported

Exhibits (2)

About Core Scientific Inc.

Core Scientific Inc. is a leading provider of blockchain infrastructure and artificial intelligence-related services and solutions. This dynamic company primarily focuses on the development of high-performance data centers designed to support digital asset mining and blockchain networks. The firm operates vast and sophisticated facilities that offer hosting services, providing clients with the necessary infrastructure to mine cryptocurrencies, including Bitcoin. Core Scientific Inc. is deeply embedded within the technology and financial sectors, leveraging advanced computing environments that enable scalable, secure, and efficient processing of blockchain transactions. Founded on the principles of innovation and operational excellence, Core Scientific has positioned itself as a significant player in the growth of blockchain technology, impacting how digital currencies are mined and managed. Its role in the financial markets includes supporting the decentralized finance ecosystem and contributing to the broader adoption of cryptocurrencies by enhancing the technical framework required for their operation and legitimacy.