BlockBeats News, February 24 — Abundant Mines CEO Beau Turner revealed that with the U.S. tax law restoring the full “Bonus Depreciation” policy in mid-2025, qualifying Bitcoin mining equipment can be fully deducted in the first year of purchase before taxes.
Turner pointed out that under the current tax framework, investors who directly hold mining hardware can immediately deduct the entire cost of the equipment as an expense in the current period, significantly reducing taxable income for that year. He stated that this has become one of the most powerful tax strategies in the crypto industry.
The report noted that as tax season approaches, changes in related tax policies are prompting the market to refocus on the asset allocation and tax planning value of Bitcoin mining.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Will Bitcoin Mirror Oil’s Historic Rally to $79K by the end of March?
The oil market has moved in tandem with geopolitical headlines, but Bitcoin’s response to these energy shocks remains imperfect and highly nuanced. Crude prices have surged to about $101 per barrel, delivering what observers describe as a record 55% jump in just ten days. In parallel, equities
CryptoBreaking2m ago
Bitcoin Price Prediction Reacts to $100 Oil Shock While XRP Eyes Institutional Expansion – APEMAR...
Global financial markets entered a new phase of volatility in early 2026. A sharp surge in energy prices triggered fresh concerns about inflation and monetary policy. Murban crude recently crossed the $100 mark for the first time in months, according to reporting from CoinDesk. Analysts link the
BlockChainReporter8m ago
France Crypto Crime: Couple Held at Knifepoint and Forced to Transfer Nearly $1M in Bitcoin
Armed criminals posing as police officers forced a French couple to transfer roughly $980,000 worth of bitcoin during a violent home invasion on Monday in Chesnay, France, in what authorities say is part of a growing wave of crypto-linked kidnappings across the country.
France Investigates €900K
Coinpedia56m ago
Why Bitcoin Is on a Path to $1 Million Per Coin: Bitwise
In brief
Bitwise CIO Matt Hougan thinks Bitcoin can get to a price of $1 million as the broader store of value market cap grows.
The top crypto asset would need to jump more than 14x in order to reach the mark.
Declining volatility, ETF inflows, and institutional acceptance will help
Decrypt1h ago
