Core Scientific named Elizabeth Crain to its board of directors on May 16, 2025, effective immediately1. The Austin, Texas, digital infrastructure company also made Crain chair of its audit committee2. Crain co-founded Moelis & Company, a global investment bank, and had served as its chief operating officer before joining Core Scientific's board.
Four of Core Scientific's 8 leadership moves on the record came in 2025, its busiest year
Leadership moves CryptoLately has verified at Core Scientific, by year
- 2025: 4
- 2023, 2024, 2026
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2023 | 1 |
| 2024 | 1 |
| 2025 | 4 |
| 2026 | 2 |
20 board appointments on the record in 2025
Board appointments CryptoLately has verified, by year; 2026 through Oct. 2, 2026
- 2025: 20
- 2019, 2020, 2021, 2022, 2023, 2024, 2026
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2019 | 3 |
| 2020 | 10 |
| 2021 | 10 |
| 2022 | 4 |
| 2023 | 4 |
| 2024 | 6 |
| 2025 | 20 |
| 2026 | 29 |
The move
Chief executive Adam Sullivan tied Crain's hire to a pivotal moment for the company. “We are excited to welcome Elizabeth Crain to our Board during this important time in Core Scientific's evolution,” Sullivan said. “Elizabeth brings over 30 years of financial leadership, with a strong track record of driving strategic growth and navigating dynamic business environments. Her insight and experience will be a tremendous asset as we execute our long-term growth strategy”1. citybiz repeated the same announcement word for word on May 16, 2025, crediting Crain with more than two decades in investment banking and private equity before her time at Moelis2.
Core Scientific's board before and after
Crain's appointment coincided with a change at the top of the board. Jarrod Patten left the chairman's seat at the company's 2025 annual meeting, skipping reelection. The board elected Jordan Levy to succeed him1. Sullivan praised the new chairman in the same release. “We are thrilled to have Jordan Levy step into his new role as Chairman,” Sullivan said. “His exceptional leadership and vision make him the ideal partner as we enter our next phase of growth”. Core Scientific's announcement listed Crain's other board seat, a directorship at Nokia Corporation, and said Barron's had named her one of the 100 Most Influential Women in U.S. Finance in 2022.
What came next
Crain still chaired Core Scientific's audit committee as of Oct. 3, 2026, according to the company's own board committees page3. The same page listed her as a member of the compensation committee, alongside directors Jeff Booth and Eric Weiss. That puts her on the board for more than 16 months, from May 16, 2025 to October 3, 2026.
Sources
- Core Scientific, Inc., "Core Scientific Appoints Elizabeth Crain to Board of Directors," May 16, 2025, https://investors.corescientific.com/news-events/press-releases/detail/117/core-scientific-appoints-elizabeth-crain-to-board-of-directors
- citybiz, "Core Scientific Appoints Elizabeth Crain to Board of Directors," May 16, 2025, https://www.citybiz.co/article/695618/core-scientific-appoints-elizabeth-crain-to-board-of-directors/
- Core Scientific, Inc., "Board Committees," accessed Oct. 3, 2026, https://investors.corescientific.com/corporate-governance/board-committees