Former Wall Street Executive Joins Core Scientific as CFO

Core Scientific Appoints Jim Nygaard as CFO, Stock Sees Pre-Market Boost

Core Scientific, Inc. (CORZ), a leading bitcoin mining and high-performance computing (HPC) infrastructure provider, has named Jim Nygaard as its new Chief Financial Officer (CFO), effective March 17.

Nygaard, a finance veteran with extensive experience in corporate strategy, M&A, and capital markets, previously held leadership positions at XMS Capital Partners and Morgan Stanley. The company announced his appointment in a statement on Monday.

“Jim’s expertise in financial strategy and market dynamics will be a key asset as we continue our expansion and drive long-term growth,” said CEO Adam Sullivan.

Nygaard replaces outgoing CFO Denise Sterling, who successfully led Core Scientific through its Chapter 11 restructuring and played a crucial role in securing over $1 billion in capital. Sterling will remain in her role until May 1 to oversee a smooth transition. The company had initially disclosed its CFO succession plan on September 6.

The leadership change follows Core Scientific’s recent $1.2 billion data center expansion in partnership with CoreWeave.

Shares of CORZ rose 2% in pre-market trading but remain down over 20% year-to-date.