ChronoScale separation and ownership stake
Company: Applied Digital
The claim, verbatim
Completed the separation of cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale Holdings Corporation (Nasdaq: CHRN), an independent publicly traded accelerated-compute platform, with Applied Digital owning approximately 96%.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale (Nasdaq: CHRN), an independent publicly traded accelerated-compute platform. 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 press release states the separation, the Ekso combination, the ChronoScale name and ticker, and Applied Digital's roughly 96% stake.
Confirmed in the source:
- Applied Digital completed the separation of its cloud services business
- The cloud services business was combined with Ekso Bionics Holdings, Inc.
- The combination formed ChronoScale Holdings Corporation, trading on Nasdaq as CHRN
- ChronoScale is an independent publicly traded accelerated-compute platform
- Applied Digital owns approximately 96% of ChronoScale
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/159/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (55,581 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “Completed the separation of our cloud services business, combining it with Ekso Bionics Holdings, Inc. to form ChronoScale (Nasdaq: CHRN), an independent publicly traded accelerated-compute platform. Applied Digital currently owns approximately 96% of ChronoScale.”