ChronoScale formation via cloud services separation with Ekso Bionics
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened May 5, 2026
Stated on 2026-07-27, this reports the formation of ChronoScale on May 5, 2026, which had already happened.
“On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation”
2026-07-27 · Earnings Release View cached copy (2026-10-08)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Completed May 5, 2026 separation of cloud services business by combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation, independent publicly traded accelerated-compute platform (Nasdaq: CHRN), with Applied Digital owning approximately 96% equity.
Source (primary)
EX-99.1 (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗
Quote: “On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation, an independent, publicly traded accelerated-compute platform that is trading on the Nasdaq Capital Market under the symbol "CHRN." Applied Digital currently owns approximately 96% of ChronoScale.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The Cloud Services Business Update and the opening paragraph of the release state every element of this claim.
Confirmed in the source:
- Applied Digital completed the separation of its cloud services business on May 5, 2026
- The business was combined with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation
- ChronoScale is an independent, publicly traded accelerated-compute platform
- ChronoScale trades on Nasdaq under the symbol CHRN
- Applied Digital owns approximately 96% of ChronoScale's equity
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000044/apldq426earningsreleaseasf.htm) in full (54,584 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms EX-99.1
Quote: “On May 5, 2026, we completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation, an independent, publicly traded accelerated-compute platform that is trading on the Nasdaq Capital Market under the symbol "CHRN." Applied Digital currently owns approximately 96% of ChronoScale.”