Cloud business spun off and merged with Ekso Bionics to form ChronoScale
Company: Applied Digital
The claim, verbatim
Applied Digital spun off cloud business to merge with Ekso Bionics, forming ChronoScale, retaining 97% ownership
Source (primary)
APLD Stock Analyst Shrugs Off Slump From Nvidia Exit As Purely A ‘Headline Risk’ - Stocktwits (-, news_article)
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Quote: “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”
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Additional evidence
confirms APLD Stock Analyst Shrugs Off Slump From Nvidia Exit As Purely A ‘Headline Risk’ - Stocktwits
Quote: “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”