Finance and AI Executive Patrick Fleury to Join Corvex Board of Directors

Fleury is currently the Chief Financial Officer of TeraWulf Inc., which develops and operates environmentally sustainable, large-scale data centers for AI and high-performance computing.

Patrick Fleury joins Corvex, Inc. at an important stage of its growth, following its recent public listing. The company is expanding its AI infrastructure platform and preparing to launch its token factory business. His experience in infrastructure, capital markets, and corporate governance will support this next phase.

Since joining TeraWulf Inc. in 2022, shortly after its public listing, Fleury has helped raise more than $8 billion to build data center infrastructure and expand into AI and high-performance computing. His experience growing a newly public computing company closely matches Corvex's plans to expand its infrastructure while meeting customer demand and securing funding.

Patrick A. Fleury has more than 25 years of experience in capital markets, credit investing, and corporate finance. Before joining TeraWulf Inc., he was a founding member of the credit investing team at Platinum Equity and a Managing Director at Blackstone Credit, where he focused on energy and infrastructure investments. Earlier in his career, he held senior roles at Bank of America Securities, Jefferies, and Satellite Asset Management.

Fleury has also served as a director of CVR Partners LP and as a board observer at Rentech, Inc., giving him experience in corporate governance and major strategic transactions.

"Corvex sits at the intersection of AI compute, power infrastructure, and capital, and Patrick has spent his career structuring and scaling exactly these systems," said Jay Crystal, Chief Executive Officer and Co-Founder of Corvex. "He brings a rare combination of experience across data center transactions—from powered land acquisition through structured leases—as well as deep capital markets expertise at scale. As we expand our AI infrastructure platform and continue to invest in our proprietary software capabilities, his perspective will be invaluable in helping guide disciplined, capital-efficient growth."

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"The next phase of AI infrastructure will be defined by platforms that can deliver both performance and trust at scale," said Fleury. "Corvex has built a differentiated model that combines flexible access to power, long-term customer alignment, and a software-driven approach to optimizing workload performance and enabling secure compute through confidential computing. Paired with a disciplined approach to capital formation across both corporate and project-level structures, this model positions Corvex to scale efficiently while maintaining control over execution."

About Corvex

Founded by Seth Demsey and Jay Crystal, Corvex is an AI cloud computing company that provides GPU powered infrastructure for AI workloads. Its platform combines advanced computing infrastructure with proprietary software for confidential computing and workload optimization to improve security and performance. By integrating compute resources, flexible power solutions and disciplined capital management, Corvex helps organizations run AI workloads efficiently at scale.

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