Cloud business spin-off merger with Ekso Bionics to form ChronoScale
Company: Applied Digital
The claim, verbatim
Applied Digital is spinning off its cloud business to merge with Ekso Bionics, forming an AI-focused company called ChronoScale, with Applied Digital retaining 97% ownership
Source (primary)
APLD Stock Analyst Shrugs Off Slump From Nvidia Exit As Purely A ‘Headline Risk’ - Stocktwits (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “the company said it was spinning off its cloud business to merge with Ekso Bionics, forming an AI-focused company called ChronoScale. Applied Digital retained 97% ownership in the firm”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states the cloud business is being spun off to merge with Ekso Bionics forming ChronoScale, with Applied Digital retaining 97% ownership.
Confirmed in the source:
- Applied Digital is spinning off its cloud business to merge with Ekso Bionics
- the merger forms an AI-focused company called ChronoScale
- Applied Digital retained 97% ownership in the firm
What we did: Read our cached copy of the publisher (https://stocktwits.com/news-articles/markets/equity/apld-stock-analyst-shrugs-off-slump-from-nvidia-exit-as-purely-a-headline-risk/cZR0l49R4Hn) in full (4,658 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms APLD Stock Analyst Shrugs Off Slump From Nvidia Exit As Purely A ‘Headline Risk’ - Stocktwits
Quote: “the company said it was spinning off its cloud business to merge with Ekso Bionics, forming an AI-focused company called ChronoScale. Applied Digital retained 97% ownership in the firm”