Planned sale of Cloud Services Business
Company: Applied Digital
The claim, verbatim
On April 10, 2025, the Board approved a plan to sell the Company's Cloud Services Business to focus on data center operations, potentially in preparation for a future data center REIT transition.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-03)Live source ↗
Quote: “On April 10, 2025, the Board of Directors approved a plan to sell the Company's Cloud Services Business.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Earnings Release
Quote: “On April 10, 2025, the Board of Directors approved a plan to sell the Company's Cloud Services Business.”