Sai-Foundry joint venture with Foundry Technologies
Company: Applied Digital
The claim, verbatim
Formed Sai-Foundry Computing LLC as joint venture entity with Foundry Technologies, with 98% ownership interest by Applied Digital
Source (primary)
Applied Digital 10-K filed 2023-08-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On May 25, 2023, we formed Sai Computing Holdings LLC ("Sai Holdings") and Sai-Foundry Computing LLC ("Sai-Foundry"). Sai-Foundry will serve as the joint venture entity between the Company and Foundry Technologies ("Foundry"). We have a 98% ownership interest in Sai-Foundry and consolidate the entity.”
How we checked this
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Additional evidence
confirms Applied Digital 10-K filed 2023-08-02
Quote: “On May 25, 2023, we formed Sai Computing Holdings LLC ("Sai Holdings") and Sai-Foundry Computing LLC ("Sai-Foundry"). Sai-Foundry will serve as the joint venture entity between the Company and Foundry Technologies ("Foundry"). We have a 98% ownership interest in Sai-Foundry and consolidate the entity.”