Abundant Mines CEO says Bitcoin mining now offers 100% first-year tax write-off
As tax season approaches, Bitcoin mining is drawing renewed attention for reasons that have little to do with hash rate or price forecasts. Changes to U.S. tax law have turned mining equipment into one of the most aggressive write-off strategies available to investors willing to own the hardware.
During a recent interview with TheStreet Roundtable, Beau Turner, CEO of Abundant Mines, said the shift began in mid 2025, when full bonus depreciation was restored for qualifying equipment.
Related: Popular Bitcoin miner sells entire treasury
How Bitcoin mining equipment is classified
“In July of this past year of 2025, we got the One Big Beautiful Bill passed, which brought back into effect one hundred percent bonus depreciation in year one for qualifying equipment,” Turner said.
Under the prior framework, only about 40 percent of the cost could be depreciated in the first year. The change allows owners to write off the entire purchase immediately.
That treatment applies directly to Bitcoin miners. The structure Abundant Mines uses is designed so clients own the equipment outright.
Related: Explained: What is sustainable Bitcoin mining?
“They actually purchase the machines. They are the owner of the machines that they got through us,” he said. “We are just the managers and the operators. The equipment lives on that person or that entity’s balance sheet and they get to take all the depreciation.”
According to Turner, mining offers a tax offset that few other Bitcoin related strategies can match. “There’s not really anything else other than mining that lets you take advantage of that,” he said, describing it as one of the most powerful write-offs available in the space.
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Impact for retail investors
Turner said even a single machine can create a meaningful offset for ordinary earners.
“Almost everybody is going to have some sort of income tax liability,” he said. “Even buying a single miner is a direct offset to that earned income.”
He added that there are no phase out limits tied to income.
“There’s no cap. There’s no limits,” Turner said. “You can be earning $10 million, $100 million, even $1 billion a year.”
While mining still carries operational and market risk, Turner argued the tax treatment has materially changed the calculus. For investors already considering Bitcoin exposure, owning mining equipment has become less about speculation and more about tax strategy layered on top of long term conviction.
This story was originally published by TheStreet on Feb 23, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
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