Adam Sullivan

61 posts

Adam Sullivan

@_Adam_Sullivan1

Chief Executive Officer @Core_Scientific

เข้าร่วม Ocak 2024

202 กำลังติดตาม2.4K ผู้ติดตาม

Adam Sullivan@_Adam_Sullivan1·10 Mar

I’m proud to announce that Core Scientific is the Official Data Center Partner of the Cadillac Formula 1® Team. The Cadillac Formula 1® Team is built on a legacy of precision, craftsmanship, and innovation that extends far beyond the paddock. Watching them apply that expertise to assemble a team capable of competing at the pinnacle of motorsport felt familiar. We built Core Scientific in a similar way, bringing together experienced builders and operators who have spent their careers pushing the limits of data center infrastructure to power the world's most demanding workloads. As the Cadillac Formula 1® Team builds toward the podium, we look forward to supporting the data center infrastructure that helps drive them there. Read the full press release: bit.ly/4s2ccRP Learn more about the partnership here: bit.ly/4b03y02

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Adam Sullivan@_Adam_Sullivan1·9 Mar

A little over a year ago, we began building the next phase of @Core_Scientific. Since then, we’ve made significant progress, executing on multiple large-scale builds in parallel and delivering megawatts. We’ve built a repeatable execution engine for AI infrastructure at scale, one designed to convert power, capital, and demand into long-term, high-value colocation capacity. Last week marked another major step forward for the company. We shared several important updates, including: - Delivering at Scale: Energized ~350 MW of capacity to date, and last year we energized as many megawatts as our closest publicly traded peers combined. - Strategic Capital to Support Growth: Secured up to $1B in strategic financing with Morgan Stanley, which enhanced our financial flexibility as we execute our development and go-to-market strategy. - Power Expansion at New Location: Announced an agreement to expand into Hunt County, Texas, which is expected to support ~430 MW of gross power capacity, with an approved ERCOT interconnection ramp schedule. - Power Expansion at Existing Locations: Increased gross power capacity by ~300 MW in Dalton, Georgia, and Pecos, Texas. Core Scientific is building real infrastructure, at scale, in the right markets. The work is complex, but we have the team, the experience, and the discipline to execute. I’m extremely proud of the Core Scientific team and the speed and scale at which they continue to deliver. We are just getting started.

Core Scientific@Core_Scientific

In 2025, we energized as many megawatts as our closest publicly traded peers combined. Across our campuses, that translated into: - 1 million square feet of data center shell - ~$2 billion in installed infrastructure - 5+ million labor hours As of this week, we've energized ~350 megawatts of AI infrastructure. Here's how that progress took shape across our campuses ⬇️

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Adam Sullivan@_Adam_Sullivan1·13 May

In Q1, we remained focused on executing our three strategic priorities: - Diversifying our customer base - Delivering on our contracts with CoreWeave - Expanding our data center capacity We made significant progress across all three. Our customer pipeline continues to grow, construction is advancing rapidly across CoreWeave sites, and we’re pushing forward with plans to scale capacity through both our existing sites and new site development. Strong execution starts with the right people. I’m proud of the Core Scientific team and the high level of execution they bring every day!

Core Scientific@Core_Scientific

Core Scientific has announced its First Quarter 2025 Results! - On track to deliver 250MW of billable capacity to CoreWeave by the end of this year and anticipate entering 2026 with annualized colocation revenue of approximately $360 million. - First tranche of 8MW of billable capacity at Denton to be delivered to CoreWeave by the end of this month and an additional approximately 40MW by the end of this quarter. - Ended the quarter with a strong liquidity position, including $778.6 million in cash and cash equivalents and digital assets, maintaining financial flexibility to execute on strategic organic and inorganic growth opportunities. “This quarter marks an inflection point for Core Scientific. In a matter of months, we have transformed vision into execution, delivering infrastructure at scale and positioning ourselves at the center of one of the most important shifts in modern computing. The pace of demand for high-performance data infrastructure is accelerating, and our ability to move with speed and precision is setting us apart. We are not just expanding capacity; we are shaping the foundation for the next era of data center infrastructure.” - $CORZ CEO @_Adam_Sullivan1 Read the full press release: bit.ly/4k8tw36 Earnings Call: event.choruscall.com/mediaframe/web…

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Adam Sullivan@_Adam_Sullivan1·9 May

The Denton project is taking shape quickly! Thank you to our trade partners and the Core Scientific delivery team for working around the clock to keep this massive build on schedule.

Core Scientific@Core_Scientific

#ICYMI: Here’s a quick look at the construction highlights from our most recent earnings call Denton Project Delivery Progress: - Delivering the first 8 megawatts of capacity to our customer this month - Another 40 megawatts will come online by the end of Q2 - Additional capacity will continue to be delivered on a consistent schedule throughout the rest of the year Denton Project Totals to Date: - Scaled manpower to over 600 contractors - Logged over 187,000 man-hours - Poured more than 2,800 cubic yards of concrete - Installed over 30 miles of conduit Thanks to the deep expertise and execution speed of the $CORZ delivery team and our trade partners, we remain on track to deliver 250 megawatts of billable capacity to our customer by the end of this year.

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Adam Sullivan@_Adam_Sullivan1·21 Oca

We entered 2024 as a Bitcoin mining company emerging from bankruptcy. We exited as a HPC data center leader with a clear pathway to becoming one of North America's largest digital infrastructure providers. First gradually, then suddenly.

Core Scientific@Core_Scientific

From relisting on @NasdaqExchange to becoming a trusted leader for HPC at scale, 2024 was a year of milestones: ✅ Relisted on @Nasdaq ✅ Delivered first 16 MW of #HPC capacity ahead of schedule ✅ Added 100+ MW of infrastructure for #Bitcoin mining ✅ Scaled total power capacity to ~1,300 MW ✅ Began design of next-generation Bitcoin mining technology ✅ Secured 2024's largest HPC hosting agreement ✅ Expanded footprint with strategic data centers in Austin, TX and Auburn, AL ✅ Broke ground on a new 100 MW HPC data center in Muskogee, OK ✅ Began strategic facility upgrades for HPC optimization We were just getting started in 2024. We look forward to an even stronger 2025!

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·26 Kas

We spy $CORZ Pecos, TX data center👀

Movies@Movies

What will the next decade of the film industry look like? 📷 #NewHollywood

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·18 Kas

Today, $CORZ, @CoreWeave , and @PortMuskogee broke ground on a 100 MW #HPC data center in Muskogee, Oklahoma. Thank you to the Port Muskogee team, Mayor Patrick Cale, and the state of Oklahoma for making this project possible! Read full press release here: bit.ly/4hR2T2n

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Adam Sullivan@_Adam_Sullivan1·7 Kas

Thank you to everyone who joined our earnings call today. In Q3, we were laser-focused on expanding our HPC business and optimizing our bitcoin mining business- a focus that will drive us through the remainder of 2024 and beyond. With our 500 MW HPC hosting contract, expansion opportunities at existing sites and pipeline of new site opportunities to contract to new clients, we have line of sight to more than 1 GW of critical IT load, providing a pathway to becoming one of the largest data center companies in North America!

Core Scientific@Core_Scientific

$CORZ Q3 2024 Results are out! -1,115 self-mined #bitcoin -$95.4 million total revenue -Secured new 11 MW data center in Alabama - Increased #HPC hosting capacity to 800 MW of gross infrastructure -Contracted additional 112 MW of infrastructure during Q3 and the remaining 120 MW in Q4 for a total of ~500 MW of critical IT load to host high-performance compute, representing total potential revenue of ~$8.7 billion over 12-year contracts -Completed $460 million convertible note offering and used approximately $211.2 million of the net proceeds to repay existing senior debt, reducing interest rate from as high as 12.5% to 3% for the convertible notes and eliminating restrictive covenants “We view our updated 800 megawatts of gross infrastructure available for HPC hosting as the foundation for our data center business, which we will continue to to expand by securing additional power at some of our existing sites and by acquiring new powered sites that we can contract to new clients. Based on our existing pipeline of new site opportunities and growing list of potential new clients, we believe we now have line of sight to a total of more than one gigawatt of critical IT load to contract, significantly expanding the value we can create for our shareholders.” CEO @_Adam_Sullivan1 Press Release: bit.ly/3O02kFL Earnings Call: event.choruscall.com/mediaframe/web…

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Adam Sullivan@_Adam_Sullivan1·19 Eyl

Wrapped up last week meeting with @KenzieSigalos at the @CNBC studio. We covered bitcoin mining, artificial intelligence, and what’s ahead for $CORZ. It’s an exciting time to be a part of @Core_Scientific!

Core Scientific@Core_Scientific

Curious about $CORZ plans for the rest of the year? CEO @_Adam_Sullivan1 recently walked @KenzieSigalos through our strategy for the rest of 2024 during their discussion on @CNBC's #CryptoWorld You can watch the full interview here: youtu.be/Oh9MyBmJjbs?si…

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Adam Sullivan@_Adam_Sullivan1·19 Eyl

Thank you, @timsteno and @kgreifeld, for having me on @BloombergRadio last week! At @Core_Scientific, we’re laser-focused on maximizing revenue in every scenario. Our flexible energy contracts and proprietary software give us an edge, even through challenges like the recent Bitcoin Halving.

Core Scientific@Core_Scientific

Listen below to hear $CORZ CEO @_Adam_Sullivan1 highlight for @BloombergRadio some of the key drivers behind why the recent #Bitcoin halving had less of an impact on Core Scientific’s cost-to-mine compared to the rest of the market.

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Adam Sullivan@_Adam_Sullivan1·18 Eyl

I had a great time on @CNBCFastMoney discussing @Core_Scientific’s journey from building the largest infrastructure footprint in the public bitcoin mining industry to forging a new category in the digital infrastructure industry as a leader in AI hosting. Thank you, @MelissaLeeCNBC, @GuyAdami, and the rest of the @CNBC team for having me on!

Core Scientific@Core_Scientific

"We are a digital infrastructure company at heart, and that enabled us to be the largest #bitcoin mining company [in terms of MW and production] for the last 3 years” $CORZ CEO @_Adam_Sullivan1 on @CNBCFastMoney explaining how being a digital infrastructure company enabled us to become a leader in bitcoin mining and is now positioning us as an emerging leader in digital infrastructure to support #AI compute.

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Adam Sullivan รีทวีตแล้ว

AIM Summit@AIM_Summit·4 Eyl

We are thrilled to announce that @_Adam_Sullivan1, CEO of @Core_Scientific, will be joining us as a speaker at the @AIM_Summit Dubai conference on October 21 and 22, 2024! Register - aimsummit.com/survey/d12850c… #aimsummitdubai #alternativeinvestments

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·30 Ağu

Last month the $CORZ team participated in @TheBitcoinConf in Nashville 🤠 It was a week full of building new relationships, reconnecting with some of our earliest supporters, and showcasing the significant strides we’ve made this year!

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·28 Ağu

$CORZ CEO @_Adam_Sullivan1 had a great conversation with @BNNBloomberg this morning. You can watch the full interview here: bnnbloomberg.ca/video/shows/th…

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·20 Ağu

$CORZ Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering -Repays $267 million in debt, reducing interest rate from approximately 12.5% to 3% -Removes restrictive covenants associated with certain notes -Increases cash on hand to fund site acquisitions for HPC hosting growth “With this transaction completed, we are moving forward with additional financial flexibility to invest in the continued expansion of our HPC hosting capacity while strengthening our bitcoin mining business." CEO @_Adam_Sullivan1 Check out full press release here: bit.ly/3MaxYQ1

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Adam Sullivan@_Adam_Sullivan1·6 Ağu

Earlier this year, we unveiled our strategy to expand our infrastructure portfolio into HPC for AI compute. Since then, we've made significant waves in the industry, executing our plan month after month to establish and lead our new category in the digital infrastructure industry!

Core Scientific@Core_Scientific

Today, Core Scientific announced exercise of additional contract option by @CoreWeave for delivery of ~112 MW of additional infrastructure to host high-performance computing operations. -Expands total contracted #HPC infrastructure by CoreWeave to 382 MW at 5 $CORZ sites -Increases potential cumulative revenue to more than $6.7 billion over 12 years -Core Scientific is actively seeking additional sites to expand HPC hosting capacity beyond original 500 MW “CoreWeave has one remaining option for 118 MW of our infrastructure and we are actively building our pipeline of potential new sites to expand our infrastructure portfolio and business opportunity. By maximizing the value and increasing the scope of our infrastructure portfolio for HPC hosting and #Bitcoin mining, we believe we can grow our business and the value we deliver to clients and shareholders." - CEO @_Adam_Sullivan1 Read the full press release: bit.ly/4dhw4Jm

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·31 Tem

Core Scientific will host a conference call and webcast on Wednesday, August 7, 2024, at 3:30pm CT to discuss $CORZ Q2 2024 financial results. Link to press release: bit.ly/3LMVMcp Link to call: event.choruscall.com/mediaframe/web…

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Adam Sullivan รีทวีตแล้ว

Core Scientific@Core_Scientific·15 Tem

Checklist to replicate what $CORZ is doing in #AI/HPC: ✅ +1 GW of built-out power infrastructure ✅ The right type of power contracts in place ✅ A team of digital infrastructure experts who have a deep understanding of enterprise data centers ✅ Infrastructure built strategically to to support multiple forms of high-value computing Check all 4 of those boxes? Okay sweet! Now you must: ✅ Find the right customer ✅ Sign a contract ✅ Raise the capital Check out Core Scientific Chief Operating Officer Matt Brown explaining what it takes to replicate $CORZ recent multi-billion-dollar #HPC hosting contracts.