"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.

Consumer prices soared 8.6% in the 12 months through May, a 40-year high.

The legendary short seller has just bet against REITs that own data centers because they are at the mercy of the three tech giants.

Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A popular entertainer is ready to reschedule a series of performances that were cancelled at the Colosseum at Caesars Palace on the Las Vegas Strip.