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News  ›  Benzinga

Applied Digital Splits Cloud Arm, Forms New AI Compute Company With Ekso

Benzinga Logo Benzinga By Lekha Gupta
Applied Digital Splits Cloud Arm, Forms New AI Compute Company With Ekso

Ekso Bionics stock surged 54% after announcing a non-binding term sheet with Applied Digital to merge Applied Digital's cloud computing unit with Ekso to form ChronoScale Corporation, an AI-focused accelerated compute platform. Applied Digital will retain ~97% ownership post-closure, while Ekso plans to explore strategic options for its existing business. The deal is expected to close in H1 2026.

Insights
MSpO   neutral

Mentioned only in shareholder notification context with no substantive details about their involvement


EKSO   positive

Stock surged 54% on announcement of merger deal with Applied Digital. The combination provides Ekso with access to Applied Digital's established GPU infrastructure and AI factory campuses, while allowing the company to explore strategic alternatives for its existing business.