ChronoScale spin-off
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened May 5, 2026
Said in September 2026, this describes a spin-off that had already happened in May 2026. The 10-K dates the separation completion to May 5, 2026.
“On May 5, 2026, we completed the separation of our cloud business in a series of transactions that resulted in the Company owning approximately 97% of the issued and outstanding equity of ChronoScale Corporation.”
2026-07-29 · View 10-K View cached copy (2026-09-01)Live source ↗Archive.org ↗
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
Spun off ChronoScale business in May 2026 while retaining approximately 97% ownership
Source (primary)
Is Applied Digital Stock a Buy? - Yahoo Finance (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “a business that it spun off in May, though Applied Digital retains about 97% ownership”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The article states that Applied Digital spun off ChronoScale in May and retains about 97% ownership. Because the article is dated September 2026, 'May' refers to May 2026.
Confirmed in the source:
- Applied Digital spun off its ChronoScale business
- The spin-off occurred in May 2026 (the article, dated September 17, 2026, says it happened 'in May')
- Applied Digital retains about 97% ownership of ChronoScale
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-stock-buy-141400078.html) in full (11,265 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Is Applied Digital Stock a Buy? - Yahoo Finance
Quote: “a business that it spun off in May, though Applied Digital retains about 97% ownership”