Cloud Services Business sale
Company: Applied Digital
The claim, verbatim
Cloud Services Business held for sale with company pursuing completion of transaction documents to close the sale
Source (primary)
ARS (IR page (ir.applieddigital.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “our ability to complete the negotiation and execution of the definitive transaction documents to close the sale of our Cloud Services Business that is currently held for sale and treated as discontinued operations”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states that the Cloud Services Business is held for sale as a discontinued operation and that closing the sale depends on finalizing transaction documents.
Confirmed in the source:
- Applied Digital's Cloud Services Business is classified as held for sale and treated as discontinued operations
- The company was pursuing the negotiation and execution of definitive transaction documents to close the sale
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001493152-25-014502/formars.pdf) in full (529,223 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms ARS
Quote: “our ability to complete the negotiation and execution of the definitive transaction documents to close the sale of our Cloud Services Business that is currently held for sale and treated as discontinued operations”