ChronoScale secures $100M unsecured demand credit line from Applied Digital to accelerate GPU cloud buildout.

ChronoScale has secured an unsecured Demand Grid Promissory Note from Applied Digital providing a credit line of up to $100 million, subject to adjustment for any credit support already provided. The facility carries interest at the short-term Applicable Federal Rate, compounded semiannually, and may be drawn at any time with no prepayment penalties. The proceeds are designated for working capital and general corporate purposes. To date, no advances have been made under the facility. The note is not convertible into equity.