ChronoScale separation and ownership
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, the Company completed the separation of its 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, Applied Digital completed the separation of its cloud business, resulting in the Company owning approximately 97% of the 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 both elements directly.
Confirmed in the source:
- Applied Digital completed the separation of its cloud business on May 5, 2026
- The separation resulted in 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.”