$1.6B net operating income target
Company: Core Scientific
The claim, verbatim
Sullivan targets $1.6 billion in net operating income on roughly 1.1 GW once fully delivered, which runs through 2028.
Source (primary)
Core Scientific Is Quitting Bitcoin Mining as It Now Makes About 92% of Its Revenue Renting to AI Customers - Yahoo Finance (-, news_article)
View cached copy (2026-11-08)Live source ↗Archive.org ↗
Quote: “$1.6 billion in net operating income. Those apply to roughly 1.1 GW once it's fully delivered, which runs through 2028.”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The article says Sullivan's $1.6 billion net operating income target applies to roughly 1.1 GW once fully delivered, which runs through 2028.
Confirmed in the source:
- Sullivan targets $1.6 billion in net operating income
- The target applies to roughly 1.1 GW once fully delivered
- Full delivery runs through 2028
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/crypto/articles/core-scientific-quitting-bitcoin-mining-195250741.html) in full (13,141 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific Is Quitting Bitcoin Mining as It Now Makes About 92% of Its Revenue Renting to AI Customers - Yahoo Finance
Quote: “$1.6 billion in net operating income. Those apply to roughly 1.1 GW once it's fully delivered, which runs through 2028.”
confirms Core Scientific Is Quitting Bitcoin Mining as It Now Makes About 92% of Its Revenue Renting to AI Customers - 24/7 Wall St.
Quote: “Sullivan's targets are $1.8 billion in annual run-rate revenue and $1.6 billion in net operating income.”