ChronoScale Corporation

Soluna Agrees to Form Strategic Partnership with Applied Digital to Develop Wind-Powered AI Data Center in Texas

Applied Digital agreed to form a jointly owned company with Soluna Holdings to develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3 in Briscoe County, Texas, co-located with the 150 MW Briscoe Wind Farm. Applied will hold 51% of the Project Company and provide development capital, while Soluna contributes land and power-related assets for a 49% stake; closing is expected by year-end, subject to a county tax abatement and other conditions. ChronoScale, an Applied-majority-owned compute platform, signed a non-binding letter of intent to lease the facility — a potential anchor tenant, though no definitive lease is assured.

•18d ago

ChronoScale Announces Agreements Bringing Total Company Contracted Run-Rate Revenue to $1 Billion and Sale of Ekso Bionics Business Unit

ChronoScale announced a contract extension with an existing AI infrastructure customer plus a new customer agreement, bringing total contracted annualized run-rate revenue to $1 billion by calendar Q3 2027. The company also completed the previously disclosed sale of its Ekso Bionics business unit, sharpening its focus on GPU-based AI compute infrastructure following its formation from Applied Digital's cloud business and Ekso Bionics Holdings. Management cautioned the run-rate is a non-GAAP operating metric contingent on timely deployment, availability of power and equipment, and access to capital on acceptable terms.

•1mo ago

ChronoScale Announces AI Infrastructure Partnership with Microsoft for 50 MW AI Compute Deployment in North America

ChronoScale announced a strategic partnership with Microsoft for a 50-megawatt AI compute deployment in North America designed for high-density AI workloads. The project will feature NVIDIA GB300 NVL72 systems integrated with advanced liquid-cooling infrastructure to support next-generation accelerated computing clusters. Management stated that the deployment reflects their focus on building infrastructure at the scale of accelerated computing, aiming to deliver production-ready AI compute with high performance and reliability.

•2mo ago

Nutanix and ChronoScale Announce Strategic Partnership to Accelerate Enterprise AI Adoption

ChronoScale and Nutanix announced a strategic partnership to integrate their platforms, aiming to accelerate enterprise AI adoption by combining ChronoScale's accelerated compute with Nutanix's cloud software. The collaboration includes joint go-to-market strategies, technical integrations, and the deployment of ChronoScale Foundry via the Nutanix Kubernetes Platform Catalog to offer agentic AI workflows. Both companies plan to leverage their relationships with NVIDIA to build an integrated stack designed to reduce operational complexity and support Global 2000 customers.

•2mo ago

Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results

Applied Digital delivered a record fiscal Q4 with revenue surging 407% year-over-year to $258.7 million, driven by the rapid expansion of its HPC hosting business and positive Adjusted EBITDA of $42.4 million. The company secured approximately $20 billion in new 15-year take-or-pay leases with a high-investment-grade hyperscaler across three campuses, bringing total contracted backlog to roughly $36 billion on a base term basis. To fund this expansion, APLD closed $3.74 billion in senior secured notes and a revolving credit facility, while successfully spinning out its cloud services business into an independent public entity, ChronoScale.

•3mo ago

ChronoScale Appoints Raj Jegannathan as Chief Technology Officer and Lawrence Lam as Chief Product Officer to Accelerate Global AI Infrastructure Strategy

ChronoScale appointed Raj Jegannathan as Chief Technology Officer and Lawrence Lam as Chief Product Officer to accelerate its global AI infrastructure strategy. Jegannathan joins from Tesla, where he served as Vice President reporting directly to Elon Musk and led AI infrastructure and large-scale GPU clusters. He will oversee platforms, engineering, and enterprise AI at ChronoScale. Lam brings over 20 years of experience, including contributions to more than $20 billion in AI infrastructure deployments via Supermicro. He will lead product vision for compute-as-a-service and next-generation AI services.

•5mo ago

ChronoScale Appoints Cenly Chen as Chief Executive Officer to Lead Next Phase of AI Compute Growth

ChronoScale appointed Cenly Chen as Chief Executive Officer and a member of the Board of Directors to lead the company's next phase of AI compute growth. Ms. Chen most recently served as Chief Growth Officer at Super Micro Computer (SMCI), bringing over two decades of experience in scaling enterprise infrastructure and high-performance computing platforms. The appointment supports the company's focus on execution as demand for AI compute infrastructure accelerates, following the recent strategic combination of Applied Digital's cloud business and EKSO Bionics.

•6mo ago