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
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the Foundry joint venture and the 98% ownership interest.
Confirmed in the source:
- Sai-Foundry Computing LLC was formed as a joint venture entity between the Company and Foundry Technologies
- Applied Digital has a 98% ownership interest in Sai-Foundry
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000176/apld-20230531.htm) in full (291,995 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”