🔴 Cipher Mining is trading 4.2% down in after-hours trading as AI-spending concerns pressure tech shares

Cipher Mining is trading at $7.76 (-4.20%) amid a technology sell-off and renewed investor concerns over whether heavy AI infrastructure spending will generate adequate returns.

• Alphabet’s results intensified those concerns; Amazon’s post-close results and weak outlook added pressure to technology shares.
• Bitcoin also weakened, falling -1.85% since its last close, a smaller move than Cipher Mining’s decline.
• No new company-specific announcement was identified.