Core Scientific Appoints AI Infrastructure Expert Mark Adams to Board
Core Scientific (NASDAQ: CORZ) has appointed Mark W. Adams, an experienced leader in AI infrastructure with over three decades of expertise, as a new board member. The addition expands the company's board to seven directors and supports its strategic shift from bitcoin mining toward high-density colocation services for AI computing needs. Adams previously served as CEO of Penguin Solutions (formerly SMART Global Holdings), where he led the transition into AI infrastructure markets. His appointment aligns with Core Scientific’s recent AMD partnership, which could support up to 2.5 gigawatts in leasable capacity and over $14 billion in potential base revenue. The board expansion follows earlier additions like Zayo Group CEO Steve Smith and a cooperation agreement with Two Seas Capital that led to the appointment of three independent directors.