Abundant Mines CEO: Qualified Bitcoin mining equipment can now enjoy 100% tax deduction in the first year

2026-02-24 00:15:05

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Deep Tide TechFlow News, February 24 — According to TheStreet Roundtable, Beau Turner, CEO of cryptocurrency mining company Abundant Mines, stated that the restored bonus depreciation rules in the United States allow investors to immediately deduct the full cost of mining equipment, making it one of the most powerful tax strategies in the crypto space.

Turner pointed out that the bill passed in July 2025 reinstated 100% first-year bonus depreciation for qualifying equipment, whereas under the previous framework, only about 40% could be depreciated in the first year. This policy directly applies to Bitcoin miners, allowing investors who are the actual owners of the equipment to enjoy full depreciation.

Turner emphasized that this tax deduction is also meaningful for ordinary income earners, as even purchasing a single mining machine can directly offset taxable income, with no income cap restrictions. Although mining still involves operational and market risks, this tax policy has significantly changed investment calculations, making owning mining equipment not just about speculation but also a long-term belief-based tax strategy.

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