ChronoScale Holdings Corp

ChronoScale Corporation

Overview

ChronoScale Corporation (formerly Ekso Bionics Holdings, Inc./Applied Digital Cloud) operates two wholly owned subsidiaries and is refocusing on AI infrastructure through its Cloud business. The Legacy Ekso exoskeleton business is designated for sale and reported in discontinued operations, with divestiture targeted for fiscal 2027. Principal office: Menlo Park, CA (as of August 6, 2026).

Corporate status and structure

• Two wholly owned subsidiaries:
  • Cloud: ChronoScale Corporation (cloud infrastructure business)
  • Legacy Ekso: Ekso Bionics, Inc. (legacy exoskeleton business)
• Following a May 5, 2026 business combination, the company reported two segments: Cloud and Legacy Ekso.
• Holding company transaction completed July 1, 2026:
  • Cloud became a direct, wholly owned subsidiary of ChronoScale Holdings
  • ChronoScale Corporation converted to ChronoScale Intermediate LLC
  • Applied Digital Cloud Corporation renamed ChronoScale Corporation
• Legacy Ekso designated as held for sale and reported in discontinued operations; expected divestiture targeted for fiscal 2027.

Core business focus

• Cloud Business (continuing operations)
  • Provides GPU-based computing infrastructure for AI/ML developers and high-performance computing workloads.
  • Operates three colocation centers: Colorado, Minnesota, Utah.
  • Uses a mix of in-house equipment and third-party colocation space; customers access GPU capacity under fixed, per-GPU-hour pricing.
• Legacy Ekso Business (held for sale; discontinued operations)
  • Designs and markets exoskeletons and related products for rehabilitation, mobility, and industrial use.
  • Subject to regulatory, reimbursement, manufacturing, and market-development risks; being divested.

Platform and offerings

• NeoCloud Platform (NCP): infrastructure layer providing leased data centers, power, and connectivity.
• GPU-as-a-Service (Compute Layer): access to GPU-accelerated compute with cloud and on-premises options.
• Token Factory (AI Platform Layer): inference and workload management with usage-based consumption.
• ChronoScale Foundry (Enterprise AI): managed platform for agentic AI workflows, deployable in customer environments with governance and data sovereignty controls.
• Outcome Engineers (Services Layer): implementation and optimization services.

Strategic partnerships

• Nutanix (announced August 2026): joint delivery of enterprise AI infrastructure on-premises, including pre-paid inference via Token Factory and integration with ChronoScale Foundry.
• Microsoft deployment: two-year GPU services agreement to deploy approximately 300 NVIDIA GPUs at a dedicated data center; target capacity of about 50 MW; completion expected in Q1 2027, subject to financing and development milestones.

Market and competition

• Competes with other AI infrastructure providers and major cloud vendors.
• Emphasis on high-density AI compute, energy efficiency, and secure deployment options.

Financial snapshot

• Cloud contributed approximately 99.5% of total revenue for the year ended May 31, 2026.
• Consolidated net losses:
  • Fiscal year ended May 31, 2026: $50.3 million
  • Fiscal year ended May 31, 2025: $72.7 million
• Customer concentration: Cloud had one customer as of May 31, 2026 (Together AI).

Employees and operations

• Employees (as of May 31, 2026):
  • Cloud: ~31 full-time employees
  • Legacy Ekso: ~53 full-time and 4 part-time employees
  • Total: 84 full-time employees across Cloud and Legacy Ekso (plus contractors and consultants as needed).

Capacity, deployments, and suppliers

• Colocation capacity: approximately 14 MW across three locations (Colorado, Minnesota, Utah) to support current customer.
• Expansion plans: additional colocation capacity expected in late calendar Q4 2026 and Q1 2027; exploring edge-inference footprints.
• GPU deployment: 6,144 GPUs deployed as of May 31, 2026.
• Supplier relationships: primary GPU supplier is NVIDIA, with plans to rely on AMD as a second major supplier.

Revenue model and product strategy

• Two consumption models:
  • GPU-as-a-Service: dedicated access to GPU infrastructure on a contracted basis.
  • Token Factory: managed inference platform with usage-based, per-token consumption.
• Combines on-premises and cloud-like deployment options to address data residency, latency, and flexibility requirements.

Legacy Ekso product line

• Product lineup includes EksoNR, Ekso Indego Therapy, and Ekso Indego Personal.
• Ongoing regulatory, reimbursement, and manufacturing considerations apply to the held-for-sale business.

Summary

ChronoScale is focused on growing its cloud AI infrastructure business through a platform that integrates infrastructure (NCP), compute (GPU-as-a-Service), an inference and governance layer (Token Factory and ChronoScale Foundry), and services (Outcome Engineers). The Legacy Ekso exoskeleton business is being divested. The company reported a 2026 net loss of $50.3 million, had 84 full-time employees across both segments, and Cloud accounted for the vast majority of revenue for the year ended May 31, 2026.