Cloud Services Business divestiture
Company: Applied Digital
The claim, verbatim
Applied Digital is selling its Cloud Services Business, with the Board of Directors approving negotiation of the transaction and the business classified as held for sale as of April 10, 2025.
Source (primary)
Applied Digital 8-K filed 2025-05-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “on April 10, 2025, the Company determined that the Cloud Services Business met the criteria for being classified as "held for sale," as the Board of Directors approved further plans for the sale of the segment.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital 8-K filed 2025-05-30
Quote: “on April 10, 2025, the Company determined that the Cloud Services Business met the criteria for being classified as "held for sale," as the Board of Directors approved further plans for the sale of the segment.”