$1 billion annualized net operating income target
Company: Applied Digital
The claim, verbatim
Management expects to achieve $1 billion in annualized net operating income within one year.
Source (primary)
Applied Digital Falls 4% and Turns Negative for the Year as the AI Buildout Trade Bleeds Out; Core Scientific Drops 5%, Cipher Mining Sinks 4% - 24/7 Wall St. (-, news_article)
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Quote: “management said the target of $1 billion of annualized net operating income is now expected a year from now”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital Falls 4% and Turns Negative for the Year as the AI Buildout Trade Bleeds Out; Core Scientific Drops 5%, Cipher Mining Sinks 4% - 24/7 Wall St.
Quote: “management said the target of $1 billion of annualized net operating income is now expected a year from now”