Applied Digital Spins Off Cloud Division, Focuses on AI
Update: 2025-12-31
Description
Applied Digitals strategic move: Spinning off cloud division, merging with EKSO Bionics, forming ChronoScale Corporation. This new entity focuses on AI workloads, with Applied Digital retaining 97% ownership. The deal allows both companies to pursue growth independently. Applied Digitals stock has tripled in a year, reaching a market cap of $6.88 billion, despite a 40% drop from its peak. The company secured massive deals, including an 11 billion dollar lease for Polaris Forge one and a 5 billion dollar pact for Polaris Forge two. With 700 megawatts under construction and a strong pipeline of 4 gigawatts for AI, Applied Digital is poised for growth, despite ongoing losses. Checkout Solipillow.com
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