From conversations with industry leaders to sharing internal stories about all things Bitcoin Mining, Compass Mining's episodes are curated to explore the latest in Bitcoin Mining.
As a Bitcoin-first company, Compass Mining supports thousands of customers globally to mine Bitcoin. From enterprise level site-development and operational support via its Accelerated By Compass program to it's minimum-order-quantity Parts Store, Compass is a leader in Bitcoin mining.
It’s that time of year — and Bitcoin miners need to plan ahead.In this episode, Compass Mining breaks down the most important Bitcoin mining tax strategies for 2025:• How the IRS treats Bitcoin mining income• Section 179 and bonus depreciation explained• Selling and upgrading miners without tax surprises• Deducting hosting, repairs, shipping, and insurance• Off-grid energy setups and renewable energy credits• Recordkeeping tips and IRS audit red flagsGet practical, CPA-backed insights to make smarter decisions before year-end.Learn more: https://compassmining.io/minebitcoin (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmkzaC1kcjNodVJ2VU4xbTdJRDVIaWMyN0dSd3xBQ3Jtc0tsVEkxSVk0V1NrdjczdzhqLTM1Ty1TM1lWNUxfMC1WVVZ1cko4aWtHMjZhMWpJN2ZvMUU2ZFc2dEdxT3hzMU1QOEl1YzdNYlpoR3ZSU2ZuOG9RaXI2aEx2ZmdNMFZQa0ljc0VOa0d0dklrWnFyVWhEdw&q=https%3A%2F%2Fcompassmining.io%2Fminebitcoin&v=0mhn0lIDHDg)About the Guest:Nick Ward, CPA: Co-founder & Partner at The Network FirmServices: entity setup, tax planning, depreciation strategy, outsourced bookkeepingLearn more: thenetworkfirm.com
21 Aug 2025
Proto Rig: How Block’s New Mining System Could Transform Bitcoin Mining
Block Inc. (Jack Dorsey’s team) has unveiled Proto Rig, a Bitcoin mining system designed by engineers with backgrounds at Apple, Tesla, and Google. With a 3nm custom ASIC, modular design, and open-source fleet software, Proto is pitched as a complete rethink of Bitcoin mining hardware.
In this episode of the Compass Mining Podcast, we’re joined by Tatum Cave, Compass Mining’s large-scale project lead and safety overseer at our Denver Service Center. With years of experience repairing, deploying, and stress-testing ASICs, Tatum shares his honest perspective on what Proto Rig could mean for miners in the field.
What you’ll learn in this episode:
- Proto Rig’s bold design promises: modular upgrades, easier repairs, higher density, and longer lifespans
- Why competition beyond Bitmain and MicroBT is a big deal- Field concerns: durability, hot-swapping, integration with existing fleets
- Efficiency claims vs. real-world expectations (14.1 J/TH vs closer to 20 J/TH)
- The potential of Made in America mining hardware through TSMC’s Arizona fab
- Why pricing, timelines, and real-world stress tests still leave big questions
The bottom line: If Proto delivers even part of its vision, it could reshape Bitcoin mining infrastructure. But as Tatum makes clear, miners will want to test it in the field before making big commitments.
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28 Jul 2025
How the Big Beautiful Bill Impacts Bitcoin Miners: 100% Bonus Depreciation and What’s Next
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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Who has been a guest on Compass Mining
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Austin Mitchell
Nicholas Selby
Cameron Morrissey
Jeff Bryant
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