ChronoScale cloud business separation
Company: Applied Digital
The claim, verbatim
Completed separation of cloud business in transactions resulting in Company ownership of approximately 97% of ChronoScale Corporation equity
Source (primary)
View 10-K (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “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 the May 5, 2026 separation left Applied Digital with about 97% of ChronoScale Corporation.
Confirmed in the source:
- Applied Digital completed the separation of its cloud business through a series of transactions
- After the separation, Applied Digital owned approximately 97% of ChronoScale Corporation's issued and outstanding equity
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000048/0001144879-26-000048.pdf) in full (630,756 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K
Quote: “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”