Sai-Foundry joint venture with Foundry Technologies
Company: Applied Digital
The claim, verbatim
Formed Sai-Foundry as joint venture with Foundry Technologies with 98% ownership by Applied Digital
Source (primary)
Applied Digital 424B5 filed 2023-06-26 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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 Sai-Foundry is the JV with Foundry Technologies and that the company has a 98% ownership interest.
Confirmed in the source:
- Sai-Foundry serves as the joint venture entity between the company and Foundry Technologies
- Applied Digital holds a 98% ownership interest in Sai-Foundry
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000166/apld-preliminaryprospectus.htm) in full (176,255 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2023-06-26
Quote: “We have a 98% ownership interest in Sai-Foundry and consolidate the entity”