Talen Energy is focused on capturing surging demand from data center developers as the independent power company looks to pivot away from its crypto mining operation, company executives said on a conference call on Tuesday. Talen is among a group of U.S. electric companies benefiting from the power needs of artificial intelligence and cloud computing data centers, with shares of the company rising nearly 100% since the start of the year. "It's not a strategic asset for us and we are looking at what are the other alternatives with respect to coin," Talen Energy Chief Executive Officer Mark McFarland said on a second-quarter earnings call.