Applied Digital separates cloud business, forms ChronoScale public company
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Applied Digital Completes Separation of Cloud Business, Establishing ChronoScale as Independent Public Company
May 5, 2026 8:00 AM EDTChronoScale to begin trading on Nasdaq under ticker CHRNApplied Digital to retain approximately 97% ownership and invest $15.75 million at closing
DALLAS, May 05, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads, today announced the closing of its previously disclosed transaction to contribute its cloud business to EKSO... More
