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Core Scientific Management
Management criteria checks 2/4
Core Scientific's CEO is Mike Levitt, appointed in May 2021, has a tenure of 1.92 years. total yearly compensation is $5.81M, comprised of 1% salary and 99% bonuses, including company stock and options. directly owns 6.04% of the company’s shares, worth €9.53M. The average tenure of the management team and the board of directors is 4.2 years and 1.3 years respectively.
Key information
Mike Levitt
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 1.0% |
| CEO tenure | 1.9yrs |
| CEO ownership | 6.0% |
| Management average tenure | 4.2yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | US$6m | US$60k | -US$2b |
| Sep 30 2022 | n/a | n/a | -US$2b |
| Jun 30 2022 | n/a | n/a | -US$1b |
| Mar 31 2022 | n/a | n/a | -US$426m |
| Dec 31 2021 | US$161m | US$31k | US$47m |
Compensation vs Market: Mike's total compensation ($USD5.81M) is above average for companies of similar size in the German market ($USD603.52K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Levitt (64 yo)
1.9yrs
Tenure
US$5,806,314
Compensation
Mr. Michael Jeffrey Levitt, also known as Mike, J.D., Esq, has served as Chief Executive Officer and Co-Chair and Director of Core Scientific, Inc. since January 2022. Mr. Levitt served as the Chief Execut...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 1.9yrs | US$5.81m | 6.04% € 9.5m | |
| Co-Founder | 1.3yrs | no data | 8.5% € 13.4m | |
| President & Chief Legal Officer | 4yrs | US$4.53m | 0.34% € 534.9k | |
| Executive VP & CFO | less than a year | US$593.25k | 0.037% € 59.1k | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 4.8yrs | no data | no data | |
| Chief Product Officer AI | 4.2yrs | no data | no data | |
| Senior VP & Chief Information Security Officer | no data | no data | no data | |
| Chief Power & Business Development Officer | no data | no data | no data | |
| Executive Vice President of Client Services | 6.3yrs | no data | no data | |
| Senior Vice President of Dev Ops | no data | no data | no data | |
| Senior VP of Tax & Trade | 4.3yrs | no data | no data |
4.2yrs
Average Tenure
57yo
Average Age
Experienced Management: 7ZD0's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 4.8yrs | US$5.81m | 6.04% € 9.5m | |
| Co-Founder | 1.3yrs | no data | 8.5% € 13.4m | |
| Independent Director | 1.3yrs | US$190.00k | 0.027% € 42.2k | |
| Lead Independent Director | 1.3yrs | US$789.80k | 0.081% € 128.0k | |
| Independent Director | 4.8yrs | no data | 7.79% € 12.3m | |
| Independent Director | less than a year | US$70.00k | no data |
1.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: 7ZD0's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/17 13:33 |
| End of Day Share Price | 2023/01/18 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Core Scientific, Inc. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ramsey El-Assal | Barclays |
| Lucas Pipes | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |