Talen focuses on data centre demand, considers axing crypto business

Talen is among a group of US electric companies benefiting from the power needs of artificial intelligence and cloud computing data centres. — Reuters

NEW YORK: Talen Energy is focused on capturing surging demand from data centre developers as the independent power company looks to pivot away from its crypto mining operation, company executives say.

Talen is among a group of US electric companies benefiting from the power needs of artificial intelligence and cloud computing data centres, with shares of Talen up nearly 100% since the start of the year.