Former Microsoft exec Kevin Turner resigns as Core Scientific CEO

Kevin Turner, chief working officer of Microsoft Corp., listens in the course of the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 2, 2016. The convention gathers attendees to discover options to immediately’s most urgent challenges in monetary markets, trade sectors, well being, authorities and training. Photographer: Patrick T. Fallon/Bloomberg through Getty Images

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Kevin Turner has stepped down as CEO of crypto mining start-up Core Scientific, the corporate confirmed to CNBC Wednesday. He will proceed on as an adviser to the corporate and stays a big shareholder.

Core Scientific’s co-founder and chairman, Mike Levitt, has stepped in as CEO.

According to a Geekwire article, Turner joined Core Scientific in 2018. He spent practically three years working the blockchain infrastructure and internet hosting supplier, which operates crypto mines across the country. The firm has greater than 100 workers, in keeping with its profile page on LinkedIn.

Turner has championed the corporate’s mission to be 100% carbon-neutral, addressing a standard criticism of cryptocurrency mining. Fifty-six % of the facility used at its services immediately is from renewable sources, and the steadiness is bought through National Wind Renewable Energy Certificates out of North Dakota.

Turner didn’t instantly reply to a request for remark.

Turner is taken into account an enormous validation level inside the crypto group, given his ten-year tenure as the chief working officer at Microsoft. While there, he oversaw the corporate’s huge gross sales and operations group, together with the launch of key merchandise like Office 365. Prior to that, he spent greater than 20 years at Walmart, the place he served as CEO of Sam’s Club, and chief data officer at Walmart.

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