As the tax season nears, Bitcoin mining has gained significant attention, primarily for reasons linked to the recent changes in U.S. tax legislation rather than just hash rates or market forecasts. These legislative updates have transformed the landscape for mining equipment, presenting it as one of the most advantageous write-off strategies for investors willing to invest in the necessary hardware.
In a recent interview with TheStreet Roundtable, Beau Turner, CEO of Abundant Mines, shed light on how this change began in mid-2025. He explained that the restoration of full bonus depreciation for qualifying equipment has altered the financial strategy surrounding Bitcoin mining.
“During July of this past year, we had the passage of the One Big Beautiful Bill, which reinstated one hundred percent bonus depreciation in the first year for qualifying equipment,” Turner noted. This new policy allows Bitcoin miners to immediately write off the entire purchase cost of their mining equipment, unlike the previous framework, which only permitted about 40 percent to be depreciated in the first year.
Turner emphasized the unique structure his company employs, where clients own the mining machines outright. “They actually purchase the machines. They are the owners of the machines acquired through us,” he explained. “We function solely as the managers and operators, leaving the equipment on the client’s balance sheet, enabling them to leverage all available depreciation.”
According to Turner, this tax advantage significantly overshadows other strategies related to Bitcoin investment. He highlighted that mining provides a tax offset that is unmatched, stating, “There’s not really anything else other than mining that lets you take advantage of that,” describing it as one of the most substantial write-offs in the cryptocurrency realm.
Moreover, even a solitary mining machine can substantially reduce tax liabilities for average earners. “Almost everybody will encounter some form of income tax liability,” he pointed out. “Acquiring just one miner can directly offset that earned income.”
Turner further clarified that investors are not constrained by phase-out limits based on income; their potential to benefit is uncapped. “There’s no cap. There’s no limits,” he added confidently. “You could be earning $10 million, $100 million, or even $1 billion a year.”
Although Turner acknowledged that Bitcoin mining still involves operational and market risks, he argued that the new tax treatment significantly changes the investment landscape. For those contemplating Bitcoin exposure, purchasing mining equipment is increasingly seen as a strategic tax maneuver, aligning with long-term investment convictions rather than mere speculation.
