SAI Computing joint venture
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened October 13, 2022
The claim was made on 2023-05-15 and describes a joint venture formed on October 13, 2022, so it reports a past event. P9 confirms Sai Computing was formed on that date.
“On October 13, 2022, we formed Sai Computing, LLC (“Sai Computing”).”
2023-06-25 · Applied Digital 8-K filed 2023-06-26 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Joint venture with Foundry Technologies on October 13, 2022 to form SAI Computing LLC for AI/ML application hosting, with Applied Digital holding 98% ownership
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ("Foundry") to form SAI Computing, LLC ("SAI")... The Company has an 98% ownership interest in SAI and consolidates the entity.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus states the date, the partner, SAI's AI/ML hosting purpose, and the company's 98% ownership.
Confirmed in the source:
- On October 13, 2022, Applied Digital entered into a joint venture agreement with Foundry Technologies, Inc. to form SAI Computing, LLC
- SAI will provide artificial intelligence and machine learning application customers with access to machines and a hosting environment
- Applied Digital holds a 98% ownership interest in SAI
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487923000135/apld-424b3finalprospectus0.htm) in full (53,674 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2023-05-16
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ("Foundry") to form SAI Computing, LLC ("SAI")... The Company has an 98% ownership interest in SAI and consolidates the entity.”