American Bitcoin — “Cap Ex Lite Bitcoin Mining”
In the latest episode of the Blockware Podcast, Mitchell Askew interviews Matt Prusak, President of American Bitcoin (NASDAQ:ABTC). American Bitcoin is a subsidiary of Hut8 and their sole focus is Bitcoin & Bitcoin accumulation.
By separating their mining business from their data center operations, ABTC provides investors with a way to get securitized exposure to Bitcoin Mining and Bitcoin Accumulation exclusively. This ‘Cap Ex Lite’ model is similar to what Blockware’s Mining as a Service offers:
Direct Exposure to ASICs (mining with less cap ex)
Bitcoin Accumulation at a Discount
In this podcast, Mitchell and Matt discuss how ABTC uses mining to accumulate Bitcoin, the ‘Cap Ex Lite’ strategy, The Pro-Bitcoin White House, the impact of Eric Trump and Don Jr as investors in ABTC, the crossover between Bitcoin & American Values, and more!
Additionally, Blockware clients, because they own the machines directly (rather than a security) are able to benefit from 100% Bonus Depreciation — you can write off 100% of the cost of mining hardware in a single tax year. This makes Bitcoin Mining arguably the best “tax-write off + cash flow” strategy for entrepreneurs and investors.
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