DALLAS—Applied Digital, a designer, builder and operator of engineered data centers and colocation services announced it is planning to merge with EKSO Bionics Holdings, Inc.. Once closed, the combination will go forward as ChronoScale Corporation, a compute platform purpose-built to support artificial intelligence (AI) workloads.
The companies said in a released statement that ChronoScale is being designed for customers who require "predictable performance, infrastructure control and rapid deployment without the tradeoffs of generic cloud environments."
Upon closing of the proposed transaction, Applied Digital would own approximately 97% of the combined ChronoScale company. The Applied Digital Cloud and EKSO businesses would continue to operate upon consummation of the proposed transaction and EKSO said it plans to continue to explore other possible transactions for the potential sale of all or substantially all of EKSO’s current business.
“This proposed transaction emanates from our previously announced initiative to evaluate and explore strategic alternatives,” said Scott Davis, EKSO’s CEO. “We approached our review thoughtfully and with an aim to maximize shareholder value, and we believe the proposed transaction has the potential to achieve that goal and that the proposed transaction is in the best interest of EKSO’s stakeholders.”
“ChronoScale is intended to bring together a proven operating platform and a clear mandate: deliver accelerated compute at scale for the most demanding AI workloads,” said Wes Cummins, chairman and CEO of Applied Digital. “As AI workloads continue to reshape the digital economy and intensify, infrastructure must be purpose-built, not generalized—and ChronoScale’s design is intended to meet these requirements.”
The deal is expected to close in the first half of 2026, subject to the completion of customary due diligence, execution of final binding documents, customary regulatory and shareholder approvals and satisfaction of closing conditions.