Core Scientific announced that EVP and CFO Denise Sterling will resign from her position, with her departure scheduled for May 1, 2025, or upon the appointment of her successor. The company has launched a nationwide search for a new CFO with the help of an executive search firm.Under the transition agreement, Sterling will receive a base salary of $500,000 retroactive to May 2, 2024, and is eligible for a $500,000 retention bonus if she remains employed through December 31, 2024. She was also granted 318,613 time-based restricted stock units vesting on March 31, 2025. Sterling will continue to assist with the transition of her duties and participate in the company's 2024 Stock Incentive Plan.Sterling played a crucial role in Core Scientific's restructuring, successful $460 million convertible note offering, and positioning the company for future growth. Her departure is not due to any disagreement regarding the company's operations, policies, or accounting procedures.

Core Scientific announced that EVP and CFO Denise Sterling will resign from her position, with her departure scheduled for May 1, 2025, or upon the appointment of her successor. The company has launched a nationwide search for a new CFO with the help of an executive search firm.Under the transition agreement, Sterling will receive a base salary of $500,000 retroactive to May 2, 2024, and is eligible for a $500,000 retention bonus if she remains employed through December 31, 2024. She was also granted 318,613 time-based restricted stock units vesting on March 31, 2025. Sterling will continue to assist with the transition of her duties and participate in the company's 2024 Stock Incentive Plan.Sterling played a crucial role in Core Scientific's restructuring, successful $460 million convertible note offering, and positioning the company for future growth. Her departure is not due to any disagreement regarding the company's operations, policies, or accounting procedures.