Bitcoin Miner Core Scientific Applies to Court to Appoint Crypto Veteran Adam Sullivan as New President

The bankrupt bitcoin mining company Core Scientific filed a motion with the court to apply for the appointment of cryptocurrency veteran Adam Sullivan as its new president. The former Core Scientific president Todd DuChene will continue to serve as the company's chief legal officer and serve as the chief administrative officer. Sullivan, who spent the past six years at financial services firm XMS Capital Partners in various roles, will have responsibility for finance and strategy at Core Scientific, including working with customers, suppliers and creditors, and helping to restructure the company's management team.