Applied Digital plans cloud business spinout through EKSO merger

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Go back to Applied Digital plans cloud business spinout through EKSO merger

Applied Digital to Spin Out Cloud Business, Proposes Business Combination with EKSO to Launch ChronoScale

December 29, 2025 4:45 PM EST

DALLAS, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Applied Digital (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, and EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) (EKSO) announced today that Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digitals cloud computing business, Applied Digital Cloud, with EKSO, which, once closed, will go forward as ChronoScale Corporation, an accelerated compute platform purpose-built to support artificial intelligence (AI) workloads (the Proposed... More