Applied Digital's AI Factory Campus and ChronoScale Ambitions: A Turning Point for the Company
ByAinvest
Wednesday, Feb 18, 2026 5:35 pm ET1min read
APLD--
Nvidia has fully exited its stake in Applied Digital, the company has started construction on a new AI Factory campus and reports long-term lease revenues with hyperscalers. Applied Digital's cloud subsidiary is set to merge with Ekso Bionics to create ChronoScale, with Applied Digital receiving significant board and governance rights. This highlights Applied Digital's positioning alongside larger infrastructure and hardware peers and raises questions about capital needs, execution, and potential optionality around the cloud subsidiary.
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