Joint venture with Foundry Technologies—Sai-Foundry formation with 98% ownership
Company: Applied Digital
The claim, verbatim
Applied Digital formed Sai-Foundry Computing LLC as joint venture with Foundry Technologies, with 98% ownership interest consolidated 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: “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 424B5 filed 2023-06-26
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.”