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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Cheeding JV secures RM13.54mil contract from TNB
IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer

Others Also Read