ChronoScale separation and 96% ownership
Company: Applied Digital
The claim, verbatim
Completed separation of cloud services business during fiscal fourth quarter, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation, a publicly traded accelerated-compute platform (Nasdaq: CHRN), with Applied Digital owning approximately 96%
Source (primary)
applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-02)Live source ↗
Quote: “Completed the separation of our cloud services business during the quarter and currently owns approximately 96% of ChronoScale, a public company trading on Nasdaq under the symbol "CHRN."”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document establishes the May 5, 2026 separation, the combination with Ekso Bionics into ChronoScale Holdings Corporation, its Nasdaq listing under CHRN, and the approximately 96% ownership.
Confirmed in the source:
- Applied Digital completed the separation of its cloud services business during the fiscal fourth quarter (separation completed May 5, 2026)
- The cloud services business was combined with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation
- ChronoScale is a publicly traded accelerated-compute platform on Nasdaq under symbol CHRN
- Applied Digital owns approximately 96% of ChronoScale
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1144879/000114487926000044/apldq426earningsreleaseasf.htm) in full (54,633 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms applied-digital 8-K exhibit (apldq426earningsreleaseasf.htm)
Quote: “Completed the separation of our cloud services business during the quarter and currently owns approximately 96% of ChronoScale, a public company trading on Nasdaq under the symbol "CHRN."”