On this episode of the Compass Mining Podcast, we’re joined by Nick Ward, CPA, Co-Founder of The Network Firm, to break down the hidden but powerful impact of the One Big Beautiful Bill Act on the Bitcoin mining industry.
While the bill doesn’t mention Bitcoin directly, it introduces major tax code changes that miners need to understand, most notably, the return of 100% bonus depreciation.
This tax break allows miners to fully deduct hardware purchases, including ASICs, servers, cooling equipment, in the same year they're placed into service, significantly improving cash flow and reducing tax liabilities.
Nick and Compass Mining’s Nina Xiang walk through:
How 100% bonus depreciation works — and who can benefit most
Section 179 deductions for smaller operators
Capital planning strategies for 2025
The still-unsolved problem of double taxation
What to watch for in upcoming legislation like the GENIUS Act and Crypto Tax Fairness Act
Whether you’re running a large-scale mining facility or just getting started, this episode offers critical insights on how to optimize your tax position under the new law.
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