🔴 Terawulf is trading 4.9% down in pre-market with no clear catalyst identified

Terawulf is trading 4.9% lower at $12.72, with no clear catalyst identified for the October 13 pre-market drop.

• No fresh company-specific news surfaced. TD Cowen’s October 12 Buy rating and $21 target—earlier bullish coverage—do not explain the drop; shares closed at $13.37.
• Bitcoin rose 0.81% over 24 hours and Ethereum fell 1.24%; neither move clearly accounts for the decline.
• Nasdaq futures fell 0.77%, while Dow futures rose 0.85%; pre-market volume and activity data were not provided.