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ChronoScale Holdings Corp
ChronoScale Holdings has finalized the resignation of director Scott G. Davis and the termination of COO Jason Jones following the disposition of its subsidiary, Ekso Bionics. Consequently, the company revised its list of director nominees for the November 6, 2026, Annual Meeting from eight to seven and disclosed severance agreements involving cash payments of $709,500 and $243,750, respectively.…more
ChronoScale Holdings Corp
ChronoScale Holdings reported $41.5 million in revenue and a $26.4 million net loss for the first quarter of fiscal year 2027. The company is expanding its AI infrastructure business through strategic partnerships with Microsoft and Nutanix, targeting an annualized revenue run-rate of $1 billion by the third calendar quarter of 2027.…more
ChronoScale Holdings Corp
ChronoScale Holdings reported its Q1 results for the period ended August 31, 2026, with revenue of $41.48 million and an operating loss of $24.88 million. Additionally, the company expanded its board size from seven to eight directors and amended its Investor Rights Agreement to strengthen the board designation rights and control of APLD investors.…more
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Soluna Announces Joint Venture With Applied Digital For 50 MW Texas AI Data Center…more
Soluna is forming a joint venture with Applied Digital to develop a 50 MW AI data center in Texas, with Applied holding a 51% stake. The project currently involves a non-binding lease letter of intent, lacking definitive financial commitments at this stage.…more
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ChronoScale reported Q1 revenue of $41.482 million, surpassing estimates, while its EPS of $(0.18) fell short of the expected $(0.09) loss. Despite the revenue beat, the wider-than-expected loss indicates a need for improved profitability.…more
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ChronoScale reported a 148% year-over-year revenue increase in its fiscal first quarter, yet net losses widened to $26.4 million due to rising operational costs. While the company highlights strategic partnerships with Microsoft and others, the ongoing net losses and high expenditure remain key concerns for investors.…more
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