The host at this IP address is obviously operated by cybercriminals. It is running a malware botnet controller which is being used to control infected computers (bots) around the globe using a trojan horse.
Malware botnet controller located at 34.121.150.14 on port 4542 TCP:
$ telnet 34.121.150.14 4542
Trying 34.121.150.14…
Connected to 34.121.150.14.
Escape character is ‘^]’
$ nslookup 34.121.150.14
14.150.121.34.bc.googleusercontent.com
Referencing malware samples (MD5 hash):
8a5bb69d1ac68afc6c24103475a840d8 — AV detection: 26 / 67 (38.81%)