TeraWulf is down 10% today even though they're up over 100% on the year. The company is pivoting from Bitcoin mining to providing compute for AI, and they've sold almost all their BTC holdings to fund it. The market seems skeptical for a few reasons. There are concerns that big tech companies will build their own data centers instead of renting capacity. Also, a lot of other miners are trying to make the same transition, so competition is getting tighter. It looks like investors are taking profits after the recent run-up.