ChronoScale cloud business separation completed
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened May 5, 2026
Stated on 2026-07-28, this reports the separation that was already completed on 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
On May 5, 2026, completed separation of cloud business through transactions resulting in Company owning approximately 97% of issued and outstanding equity of ChronoScale Corporation
Source (primary)
Applied Digital 10-K filed 2026-07-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “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.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states that on May 5, 2026, Applied Digital completed the cloud business separation, leaving it with about 97% of ChronoScale's equity. A risk factor elsewhere puts the current stake at about 96%, but that does not contradict the 97% figure at closing.
Confirmed in the source:
- On May 5, 2026, Applied Digital completed the separation of its cloud business.
- The separation was carried out through a series of transactions.
- Those transactions left Applied Digital owning approximately 97% of the issued and outstanding equity of ChronoScale Corporation.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000048/apld-20260531.htm) in full (594,188 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 10-K filed 2026-07-29
Quote: “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.”