Enter 2027 as pure-play colocation provider
Company: Core Scientific
The claim, verbatim
CFO Jim Nygaard said the company should enter 2027 as a pure-play colocation provider, renting only data center space and power to AI customers.
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: “CFO Jim Nygaard said the company should enter 2027 as a pure-play colocation provider”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The article reports Nygaard's statement and explains that pure-play colocation means renting only data center space and power to AI customers.
Confirmed in the source:
- CFO Jim Nygaard said the company should enter 2027 as a pure-play colocation provider
- Being a pure-play colocation provider means renting only data center space and power to AI customers
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: “CFO Jim Nygaard said the company should enter 2027 as a pure-play colocation provider”
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: “CFO Jim Nygaard said the company should enter 2027 as a pure-play colocation provider”