$1.6B net operating income target at ~1.1 GW
Company: Core Scientific
The claim, verbatim
CEO Sullivan targets $1.6 billion in net operating income on roughly 1.1 GW once fully delivered through 2028.
Source (primary)
Core Scientific Is Quitting Bitcoin Mining as It Now Makes About 92% of Its Revenue Renting to AI Customers - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-09)Live source ↗Archive.org ↗
Quote: “and $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 states 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:
- CEO Adam 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://247wallst.com/investing/2026/11/07/core-scientific-is-quitting-bitcoin-mining-as-it-now-makes-about-92-of-its-revenue-renting-to-ai-customers/) in full (12,861 characters, retrieved November 9, 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 - 24/7 Wall St.
Quote: “and $1.6 billion in net operating income. Those apply to roughly 1.1 GW once it's fully delivered, which runs through 2028.”