them at their facilities in Iowa on industrial power rates that you can never get on your own. The Bitcoin they mine goes straight from your machine to your wallet. There's two reasons I find this interesting right now. One, the economics. Cheap power let you convert electricity into Bitcoin at a discount to spot. you're acquiring the asset below the sticker price that everyone else pays. But second, and listen closely, if you've got a big income year, miners are classified as computer equipment. Equipment means depreciation. Qualifying buyers can write off the entire purchase in year 1. It's the same playbook real estate investors have run
Cheap power let you convert electricity into Bitcoin at a discount to spot.