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TeraWulf's stock price has been a bit down lately. There was news that they are selling $900 million worth of shares to raise funds for expanding AI data centers, and this seems to have affected the stock price. Recently, it appears to be trading near $700, and when such large-scale fundraising announcements happen, investors tend to become cautious in the short term.
Companies related to AI infrastructure are currently seeking funding, and TeraWulf also seems to be riding this trend. Data center expansion is a positive signal in the long run, but the market reacts with concern over short-term stock dilution. It seems that how well this funding is utilized in the future will be important.