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BUZZ-Australia's Kalina Power gains on deal to jointly develop AI data centre projects in Canada

ReutersFeb 5, 2025 1:35 AM

** Shares of Kalina Power KPO.AX up 11.1% at A$0.01

** Stock hits highest levels since Nov 28, 2024

** The clean tech co signs an agreement with Crusoe for the joint development of multiple co-sited AI data centre projects in Alberta, Canada

** Co anticipates Crusoe to own and operate its AI data centres by using co's near-zero-emissions power under a contracting arrangement

** About 20 mln shares change hands, 25.2 times the 30-day average of shares

** Stock down 5.3% this year, as of last close

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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