Applied Digital spins off cloud business as ChronoScale, trading independently on Nasdaq.

Applied Digital Corporation has completed the separation of its cloud business, contributing it to EKSO Bionics Holdings, which has been renamed ChronoScale Corporation. ChronoScale began trading on Nasdaq under the ticker CHRN, with Applied Digital retaining about 97% ownership and investing $15.75 million in the new entity. ChronoScale will focus on providing scalable, GPU-based infrastructure for AI workloads, operating independently to better capitalize on growth opportunities in cloud computing. This move allows Applied Digital to concentrate on its data center hosting business while giving investors clear exposure to both segments.