Todd Becker stepped down from Core Scientific's board of directors effective immediately on May 13, 2025. The company said so in a release filed that afternoon through Business Wire1. Becker had joined the board in January 2024 and chaired its Audit Committee. He held that seat while the bitcoin miner carried out two capital raises and hired a new chief financial officer.
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 |
Seven board exits on the record in 2025
Board exits CryptoLately has verified, by year; 2026 through Oct. 2, 2026
- 2025: 7
- 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 | 1 |
| 2020 | 2 |
| 2021 | 4 |
| 2022 | 0 |
| 2023 | 2 |
| 2024 | 4 |
| 2025 | 7 |
| 2026 | 10 |
The move
Core Scientific's release credited Becker's tenure directly. “During his tenure, he provided critical leadership and oversight as Core Scientific completed two significant capital raises that materially improved the company's balance sheet, the hiring of a new Chief Financial Officer and supported its ongoing operational and strategic objectives following its emergence from bankruptcy,” the company said1. It added that “his financial acumen and disciplined approach to governance were instrumental during a pivotal stage in the company's transformation”.
Chief executive Adam Sullivan thanked Becker in his own words. “On behalf of the Board and management team, I want to thank Todd for his dedication and service to Core Scientific,” Sullivan said. “His steady leadership and sound judgment were essential as we worked to strengthen our financial foundation and position the company for long-term success.”1 GuruFocus called the exit undisputed on May 13. The outlet wrote “there is no indication that Becker's resignation was due to any disagreements with the Board or management”2. Core Scientific's own release matched that reading: “Mr. Becker's resignation was not due to any disagreement with the Board, the Company, or management on any matter relating to the Company's operations, policies, or practices”.
Before and after the departure
Core Scientific also said on May 13 that it had “initiated a search for a new independent director to succeed Mr. Becker on the Board”1. GuruFocus described the company at the time as a Nasdaq-listed operator of purpose-built colocation and digital asset mining facilities across several states. It was already converting some data centers toward AI-related workloads2. Becker's departure left the board short one audit-committee voice during that transition.
What came next
Fourteen months later, on July 29, 2026, Core Scientific grew its board to seven directors3. It added Mark Adams, a former president and chief executive of Penguin Solutions, whose background spans AI infrastructure, semiconductors and data storage rather than Becker's finance and audit specialty. Sullivan's statement on July 29 focused on Adams's technology background. It stopped short of naming him as Becker's direct successor on the audit committee. “Mark brings an exceptional combination of technology leadership and operational expertise to our Board,” Sullivan said.
Sources
- Core Scientific, Inc., "Core Scientific Announces Departure of Board Member Todd Becker," Core Scientific, Inc. (Business Wire), May 13, 2025, https://investors.corescientific.com/news-events/press-releases/detail/116/core-scientific-announces-departure-of-board-member-todd-becker
- GuruFocus, "Core Scientific Announces Departure of Board Member Todd Becker | CORZ Stock News," GuruFocus, May 13, 2025, https://www.gurufocus.com/news/2860150/core-scientific-announces-departure-of-board-member-todd-becker-corz-stock-news
- Core Scientific, Inc., "Core Scientific Appoints Mark Adams to Board of Directors," Core Scientific, Inc. (Business Wire), Jul. 29, 2026, https://news.google.com/rss/articles/CBMizAFBVV95cUxQUTFTVk1QOWtxdUI2ZTlOUzF5dVgtekhRbTRPUGJDcC1QSmtZWUVLQlI5MXNORk5aQTlRN1JwU0t2Nkt0VFY5akFxZ1gzV09FeGhsb0dISFJyVk14a0FEWXp3WUN5eEJUQ3ctUmtud3N4NnAxR0c0ME1sQmVPN0ViSDlqY2FsOU5QTjBJazRaSC1DdFZqWkFOMmNjSnNGaGRjaTdJY2FtOVFKcUx2ejdzMmNrWnFmbmxFNFhRMnNrbE40RjNlUjB0U2VDYVc?oc=5