Core Scientific, a key player in high-performance computing and bitcoin mining, has appointed Jim Nygaard as its new CFO, effective March 17. Nygaard, with his rich background in M&A, corporate finance, and capital markets from XMS Capital Partners and Morgan Stanley, is expected to drive shareholder value. The company recently announced a $1.2 billion expansion of its data centers with CoreWeave. Outgoing CFO Denise Sterling, who managed a Chapter 11 restructuring and raised over $1 billion, will stay until May 1 for a smooth transition. The stock saw a 2% increase in pre-market trading but has declined over 20% year-to-date.
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