Terawulf is trading at $12.86, down 4.17%, with pre-market pressure appearing tied to concerns about AI infrastructure spending after Microsoft and Alphabet reported capital expenditures below analyst estimates. - The broader technology backdrop is weak, with the Nasdaq down 1.32%. - Bitcoin is down 1.47% and Ethereum 1.78%; neither decline exceeds 3%. - No new company-specific announcement explaining the decline was identified. Third-quarter results are scheduled for November 6.