Applied Digital Corporation
Applied Digital Proposes Business Combination with EKSO to Form ChronoScale
Summary
Applied Digital Corporation announced a non-binding term sheet for a proposed business combination of its cloud computing business, Applied Digital Cloud, with EKSO Bionics Holdings, Inc. The transaction aims to create ChronoScale Corporation, an accelerated compute platform for AI workloads. Applied Digital would own approximately 97% of ChronoScale upon closing. The deal is expected to close in the first half of 2026, subject to due diligence, final documentation, regulatory, and shareholder approvals. Applied Digital Cloud generated a twelve-month revenue of approximately $75.2 million as of August 31, 2025. EKSO plans to explore strategic transactions for the possible sale of its current business.
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About Applied Digital Corporation
Applied Digital Corporation specializes in digital infrastructure provision, focusing primarily on the management and operation of next-generation data centers. These facilities are optimized for high-performance computing applications, which are critical for areas such as artificial intelligence, machine learning, and blockchain technologies. As the demand for computational power grows across various industries, Applied Digital plays a pivotal role in facilitating the infrastructure that powers advanced technological developments. This company is notable for its energy-efficient solutions and scalable architecture, catering to sectors requiring substantial processing capabilities. Operating in the rapidly evolving landscape of tech infrastructure, Applied Digital is positioned to impact diverse fields, from finance and healthcare to scientific research and entertainment. By providing robust and flexible infrastructure, it enables organizations to expand their digital capabilities, highlighting its importance in the global push towards greater computational efficiency and innovation.
Official SEC Documents
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