Terawulf is trading 4.1% down at $12.02 before the November 4, 2026 open, with no clear overnight company-specific news explaining the decline. - Shares gained 14.53% close to close on November 3; third-quarter results are scheduled for November 6. - Bitcoin and Ethereum are higher since the prior close, so crypto weakness does not explain the move. - A November 4 report covered an expanded credit facility, but described a previously announced financing change and did not connect it to the pre-market decline.