Bloomberg Businessweek
Leveraging Inclusion Beyond DEI
Sep 11, 2024
In this enlightening discussion, Adam Sullivan, CEO of Core Scientific, shares his insights on the pivot from bitcoin mining to high-performance computing amidst market volatility. Anne Chow, former CEO of AT&T Business, highlights key themes from her new book on the transformative power of inclusion in leadership. Elizabeth Gore, CEO of Hello Alice, delves into the pressing concerns facing small business owners as they approach an election cycle, focusing on tax changes and economic anxieties. Together, they explore how inclusion can drive innovation and resilience.
33:31
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Quick takeaways
- Core Scientific's transition from Bitcoin mining to high-performance computing highlights the importance of adaptability in response to market volatility.
- The podcast underscores the critical need for inclusive leadership that broadens perspectives beyond traditional metrics of diversity in the workplace.
Deep dives
The Evolution of Core Scientific
Core Scientific has transitioned from being the largest public Bitcoin mining company to focusing on digital infrastructure and high-performance computing. The company has leveraged its extensive infrastructure, previously dedicated to Bitcoin mining, to establish itself as a major player in the North American data center market. Following a tumultuous bankruptcy process, Core Scientific has emerged with a unique capital structure and a renewed focus on providing services that cater to artificial intelligence computing, which offers more stable revenue through long-term contracts. This strategic shift mitigates the volatility associated with Bitcoin mining while positioning the company for sustainable growth in a rapidly evolving market.
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