Applied Digital has completed the separation of its cloud business into a new company, ChronoScale Corp., focused on AI workloads. The transaction leaves Applied Digital concentrated on its AI data center hosting platform while retaining a significant interest in ChronoScale. The move creates two distinct publicly traded businesses, each with its own operating focus and capital priorities. Applied Digital, listed as NasdaqGS:APLD, now trades with a more focused profile at a share price of...