3D Graphics Concept Big Data Center by Gorodenkoff via Shutterstock
Applied Digital (APLD) announced a strategic spinoff that could reshape its position in the booming AI infrastructure market. The data center operator revealed plans to merge its cloud computing division, Applied Digital Cloud, with EKSO Bionics Holdings (EKSO) in a deal that will create a new entity called ChronoScale Corporation, focused exclusively on AI workloads.
The transaction structure is unusual but potentially lucrative for Applied Digital shareholders. Once the deal is closed, Applied Digital will retain approximately 97% ownership of the combined company. It will effectively spin out its cloud business while maintaining near-complete control.
ChronoScale will operate as a standalone accelerated compute platform for GPU-intensive AI training and inference workloads that require dense, reliable…
