ChronoScale Corporation (CHRN) Stock Price & How to Invest
Short answer
CHRN is ChronoScale Corporation, an AI-focused cloud compute ("neocloud") provider that rents GPU capacity for training and inference workloads, spun out of data-center company Applied Digital and listed on Nasdaq in May 2026. It is a small, unprofitable, newly public business in which Applied Digital still owns roughly 97% of the shares, so it is a high-risk way to play the AI infrastructure buildout.
CHRN stock price
As of 2026-07-01, ChronoScale Corporation (CHRN) last closed at $17.64, up 405.4% over the past year. Over the past 52 weeks it has traded between $2.98 and $25.82.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or ChronoScale Corporation's investor relations page. Walnut is informational, not investment advice.
What does ChronoScale Corporation (CHRN) do?
ChronoScale Corporation is a "neocloud," meaning it buys large clusters of NVIDIA GPUs, installs them in data centers, and rents that accelerated compute to companies running artificial intelligence workloads such as model training, inference, and high-performance computing. It began life as the cloud unit of Applied Digital, a data-center developer, and became a separate public company on May 5, 2026, when that cloud business was combined with the former shell of Ekso Bionics Holdings, which then renamed itself ChronoScale and kept the ticker CHRN on the Nasdaq Capital Market. The company is based in Dallas, Texas. In fiscal 2025 (the year ended May 2025) the cloud unit ran about 6,144 GPUs and generated roughly $84 million of revenue, up about 191% year over year, while posting a net loss of about $73 million as it invested to scale.
The capital structure is unusual and central to the story. Applied Digital exchanged its cloud business for roughly 138 million ChronoScale shares and still owns about 97% of the company, leaving only a small public float. ChronoScale also pays Applied Digital an ongoing quarterly fee equal to about 1% of its consolidated gross revenue plus other service fees, a related-party arrangement to keep in mind. The stated reason for the split was that the cloud business competes with the same hyperscalers and AI companies Applied Digital wants as data-center leasing customers, so separating the two lets each raise capital and pursue customers independently. Because ChronoScale is newly public, tiny relative to its rivals, and reliant on a very short customer list, its shares have been highly volatile since listing.
What's driving ChronoScale Corporation (CHRN)?
1. Riding AI compute demand
ChronoScale sells the raw GPU capacity that AI model builders need, a market that has grown quickly as training and inference workloads expand. Neocloud revenue overall is forecast by industry analysts to scale into the hundreds of billions of dollars by the early 2030s. As a small, focused operator, ChronoScale is positioned to grow fast off a low base if it can secure GPUs and customers.
2. Independence and capital flexibility
Separating from Applied Digital lets ChronoScale raise its own capital and sign customers that would otherwise conflict with the parent's data-center leasing business. Management framed the split around competition, capital, and concentration. As a standalone name, its financing and expansion decisions are no longer subordinated to the larger parent's priorities.
3. Asset-backed, contract-driven model
The business runs on multi-year GPU capacity commitments, which can provide revenue visibility when large customers sign up. Fiscal 2025 revenue rose about 191% year over year, showing how quickly a single sizable contract can move the top line. The flip side is that the same concentration makes results lumpy and dependent on a few relationships.
4. Access to data-center capacity
As a former Applied Digital unit, ChronoScale has an existing relationship with a large data-center developer, which matters because power and physical shell capacity are the binding constraints in AI infrastructure. That linkage could help it deploy GPUs where competitors struggle to find power, though the arrangement also carries related-party fees and dependence on the parent.
What are the risks to ChronoScale Corporation (CHRN)?
The risks are substantial and stack together. ChronoScale is deeply unprofitable, reporting a net loss of roughly $73 million on about $84 million of revenue in fiscal 2025, and building GPU capacity is extremely capital intensive, so it may need repeated financing. Customer concentration is severe: filings pointed to a very small number of cloud customers, so losing even one would badly hurt revenue. Applied Digital owns about 97% of the stock and collects a fee on gross revenue, leaving public holders with little control and a thin float that can swing sharply. GPUs depreciate fast and can be made obsolete by newer chips, while competition comes from far larger, better-funded rivals and from the hyperscalers themselves. As a newly public company created through a reverse merger with a former shell, it also carries limited standalone operating history and elevated volatility.
How is ChronoScale Corporation (CHRN) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ChronoScale Corporation's investor relations page or your broker.
- Revenue (fiscal 2025, ended May 2025): ~$84 million, up roughly 191% year over year
- Net income (fiscal 2025): ~-$73 million (net loss)
- GPUs deployed (fiscal 2025): ~6,144 GPUs
- Applied Digital ownership: ~97% of shares outstanding
- P/E ratio: not applicable (company is unprofitable)
- Market cap: ~$2.5 billion (stock ~$18 per share, 52-week range roughly $3 to $28)
Figures are approximate and tied to the asOf date; verify live numbers before acting. ChronoScale has no meaningful earnings multiple because it loses money, so the market is valuing it on future AI compute growth rather than current profit. The stock has been very volatile since its May 2026 listing, and the roughly 97% parent ownership means the small public float can amplify price swings in either direction.
Who competes with ChronoScale Corporation (CHRN)?
AI-focused neoclouds (GPU-as-a-service)
Specialist providers that, like ChronoScale, rent GPU clusters for AI workloads. The largest and best known are CoreWeave and Nebius, alongside Lambda, Crusoe, Nscale, and others. These rivals are generally much larger and better capitalized, and they compete directly for the same GPUs, power capacity, and customers.
Hyperscale cloud platforms
The dominant public clouds, Amazon Web Services, Microsoft Azure, Google Cloud, and Oracle Cloud, all offer GPU instances at massive scale with deep balance sheets. They can bundle compute with storage, networking, and software, which pressures pricing and makes it harder for a small neocloud to win and keep large customers.
Data-center developers and parent affiliate
Companies that build and lease the physical AI data centers, including ChronoScale's own roughly 97% owner Applied Digital, plus peers competing for power and land. This category is both a supplier relationship and a competitive backdrop, since capacity, power access, and related-party fees shape ChronoScale's economics.
How to invest in ChronoScale Corporation (CHRN)
There are three common ways to get CHRN exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so CHRN sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where CHRN fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on ChronoScale Corporation (CHRN)
ChronoScale is an early-stage GPU cloud provider with about $84 million in fiscal 2025 revenue, a net loss of roughly $73 million, extreme customer concentration, and a controlling parent that owns about 97% of the stock, so it trades far more on AI-infrastructure sentiment than on current fundamentals.
More on ChronoScale Corporation (CHRN)
Whether CHRN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CHRN a buy?, and where the stock could go from here in the CHRN stock forecast.
For income investors, whether CHRN pays a dividend and how the payout looks is covered in does CHRN pay a dividend?
Build a basket around CHRN with Walnut
Use ChronoScale Corporation as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What company is CHRN?
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CHRN is ChronoScale Corporation, a Dallas-based AI cloud compute provider, often called a "neocloud." It rents clusters of GPUs to companies running AI training and inference workloads. It became a public company on Nasdaq on May 5, 2026, after Applied Digital combined its cloud business with the former Ekso Bionics shell and renamed it ChronoScale.
Is CHRN a good stock to buy right now?
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That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is fast growth tied to AI compute demand. The bear case is that ChronoScale loses money, relies on very few customers, is about 97% owned by Applied Digital, and trades with high volatility. Weigh both against your own portfolio before deciding anything.
How does ChronoScale make money?
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It buys large numbers of NVIDIA GPUs, installs them in data centers, and rents that computing capacity to customers running artificial intelligence workloads. Revenue typically comes from multi-year capacity contracts. In fiscal 2025 it generated roughly $84 million of revenue running about 6,144 GPUs, though it lost money doing so as it invested to scale.
Is ChronoScale profitable?
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No. In fiscal 2025 (the year ended May 2025) ChronoScale reported a net loss of about $73 million on roughly $84 million of revenue. Like many early-stage infrastructure companies, it is spending heavily to build GPU capacity ahead of profits, so it has no meaningful price-to-earnings ratio and may need additional financing.
Why is CHRN stock so volatile?
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Several factors compound. It is newly public, small, and unprofitable, and Applied Digital owns about 97% of the shares, leaving only a thin public float that can swing sharply on modest trading. It is also exposed to fast-moving AI infrastructure sentiment. Its 52-week range has spanned roughly $3 to $28, reflecting that instability.
Does CHRN pay a dividend?
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No. ChronoScale does not pay a dividend. It is an early-stage, loss-making company reinvesting all available capital into GPUs and expansion, so any potential return would come from share-price movement rather than income. That makes it unsuitable if you are specifically seeking dividend yield from a holding.
What are the main risks of investing in CHRN?
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The biggest risks are heavy losses and capital intensity, severe customer concentration, and about 97% control by Applied Digital with a related-party revenue fee. Add fast GPU depreciation, competition from much larger neoclouds and hyperscalers, a short standalone operating history, and high volatility. The stock trades on future AI compute expectations more than current results.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with ChronoScale Corporation's investor relations page or your broker before making investment decisions.