Board approves sale of Cloud Services Business
Company: Applied Digital
The claim, verbatim
On April 10, 2025, the Board of Directors approved a plan to sell the Company's Cloud Services Business.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “On April 10, 2025, the Board of Directors approved a plan to sell the Company's Cloud Services Business.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
Applied Digital's fiscal Q3 2025 press release states that on April 10, 2025, its Board of Directors approved a plan to sell the Cloud Services Business. The document confirms both the date and the action.
Confirmed in the source:
- Applied Digital's Board of Directors approved a plan to sell the Company's Cloud Services Business
- The Board approval occurred on April 10, 2025
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/121/applied-digital-reports-fiscal-third-quarter-2025-results/) in full (33,151 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
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.”