AUSTIN, Texas, May 16, 2025 — Core Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services and digital asset mining, today 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.
Ms. Crain brings over 30 years of experience in investment banking, private equity, and executive leadership. She 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. She currently serves as a Partner at the Consello Group, a strategic advisory and investing platform. In 2022, Ms. Crain was named one of the 100 Most Influential Women in U.S. Finance by Barron’s.
Ms. Crain is also a member of the Board of Nokia Corporation (NYSE: NOK). Elizabeth holds an MBA from The Wharton School, University of Pennsylvania, and a B.S. in Economics from Arizona State University.
“We are excited to welcome Elizabeth Crain to our Board during this important time in Core Scientific’s evolution,” said Adam Sullivan, Chief Executive Officer. “Elizabeth brings over 30 years of financial leadership, with a strong track record of driving strategic growth and navigating dynamic business environments. Her insight and experience will be a tremendous asset as we execute our long-term growth strategy.”
In connection with Ms. Crain’s appointment, the Company’s Board of Directors elected Jordan Levy as Chair of the Board. Mr. Levy succeeds Jarrod Patten, who did not stand for reelection at the Company’s 2025 Annual Meeting of Stockholders.
“We are thrilled to have Jordan Levy step into his new role as Chairman. His exceptional leadership and vision make him the ideal partner as we enter our next phase of growth. I am personally looking forward to deepening our collaboration and building on the strong foundation we’ve already established,” added Sullivan.