ChronoScale spinoff with retained ownership
Company: Applied Digital
The claim, verbatim
Spun off ChronoScale in May while retaining about 97% ownership
Source (primary)
Is Applied Digital Stock a Buy? - fool.com (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “a business that it spun off in May, though Applied Digital retains about 97% ownership”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article states ChronoScale is a business Applied Digital spun off in May while retaining about 97% ownership.
Confirmed in the source:
- Applied Digital spun off ChronoScale
- The spinoff occurred in May
- Applied Digital retains about 97% ownership of ChronoScale
What we did: Read our cached copy of the publisher (https://www.fool.com/investing/2026/09/17/is-applied-digital-stock-a-buy/) in full (10,364 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Is Applied Digital Stock a Buy? - fool.com
Quote: “a business that it spun off in May, though Applied Digital retains about 97% ownership”