Cloud Services AI Customers
Company: Applied Digital
The claim, verbatim
Secured first major AI customer in May 2023 and entered into 36-month contract with second customer in June 2023 for Cloud Services
Source (primary)
Applied Digital 424B5 filed 2024-06-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Sai Computing secured its first major AI customer in May 2023 and in June 2023, entered into a 36-month contract with a second customer in the Cloud Services Business.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that Sai Computing secured its first major AI customer in May 2023 and signed a 36-month contract with a second customer in June 2023.
Confirmed in the source:
- Applied Digital's cloud subsidiary Sai Computing secured its first major AI customer in May 2023
- In June 2023 Sai Computing entered into a 36-month contract with a second Cloud Services customer
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000167/a06142024ciminitialwarrant.htm) in full (130,571 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-06-17
Quote: “Sai Computing secured its first major AI customer in May 2023 and in June 2023, entered into a 36-month contract with a second customer in the Cloud Services Business.”