Share this article
Crypto Miner Core Scientific Appoints a New President
The company filed for bankruptcy in December but continues to mine bitcoin.
By Helene Braun
Updated May 9, 2023, 4:12 a.m. Published Apr 11, 2023, 8:08 p.m.
Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.
Sullivan spent the past six years in various roles at financial services firm XMS Capital Partners, where he was most recently managing director and head of the digital asset and infrastructure group.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
At Core Scientific, Sullivan will work on financial and strategic matters, including working with customers, suppliers and creditors as well as help with the reorganization of the company’s management team, according to the filing.
Todd DuChene, Core Scientific' current president, will become chief legal officer and chief administrative officer, leading corporate, legal, financial and administrative tasks.
In December, the Austin, Texas-headquartered company, one of the largest publicly traded crypto mining companies in the U.S., filed for bankruptcy after a year of low crypto prices and high energy prices. However, the company continues to mine bitcoin during the bankruptcy process as its cash flows remain positive.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Telegram Ring Ran Pump-and-Dump Network That Netted $800K in a Month: Solidus Labs
A Solidus Labs investigation details how an invite-only Telegram group used bots, fake narratives and rapid token deployments across Solana and BNB Chain to manipulate markets.
What to know:
- PumpCell orchestrated synchronized token launches, sniper-bot buys and meme-driven hype campaigns to inflate micro-cap tokens to seven-figure valuations within minutes, according to a new forensic investigation by Solidus Labs.
- The group generated an estimated $800,000 in October 2025, moving funds through centralized exchanges and an OTC cash broker to allegedly evade compliance controls.
- Solidus says crypto’s AMM-driven markets, bot execution and cross-chain pseudonymity make such schemes difficult for legacy monitoring tools to detect — and warns PumpCell reflects a broader, evolving pattern of digital-asset abuse.
Top Stories
