Monday Mining Metrics: Why Blockware Clients Are Mining Bitcoin

Bitcoin Mining Update - 9/15/2025

Sep 15, 2025

Client Spotlight: Why Blockware Clients Are Mining Bitcoin

We recently took a handful of Blockware clients on a visit to one of our hosting facilities in Texas (operated by Soluna Holdings (NASDAQ:SLNH)).

While at the facility, we interviewed our clients to learn more about their experience mining Bitcoin with Blockware and what role Bitcoin mining plays in their financial strategy.

Here’s what they had to say…

Q1: What got you into Bitcoin mining?

Matt (Healthcare Entrepreneur):
“The new tax bill. The opportunity to save tax money through the 100% depreciation in the first year.”

Colin (Investor):
“I paid $500,000 in taxes to the IRS in 2021, because I used all my ordinary income to purchase Bitcoin. Although I got a lot of Bitcoin, I didn’t handle my taxes whatsoever — no write-offs, no depreciation. So I asked my accountant how I could continue to get massive exposure to Bitcoin without paying massive tax bills, and he told me I had to look at Bitcoin mining.”

Mo (Business Advisor & Exit Planner):
“It’s been a bit of a journey. I wanted to get closer to the source of what Bitcoin is. Between Mark Moss, the timing of the Big Beautiful Bill creating great tax incentives for business owners, and meeting the good people at Blockware, I felt confident enough to jump in.”

Q2: What was your impression of the mining facility today?

Matt:
“Before taking a site tour, everything was abstract. I didn’t know much about mining, but this really elevated the learning curve. It connected the dots, made everything real, and got me excited to go even harder at mining.”

Colin:
“This is my first time visiting a site like this. I used to mine by myself on a smaller scale, but nothing compared to a 100-megawatt facility. It’s incredible to see the passion of the employees and to really see the scale of what we’re doing.”

Mo:
“It’s very professionally done, clean, oriented. In my 30 years in the military, I inspected many facilities. Here, the small things are done right, and there’s a clear culture of professionalism.”

Q3: What role does Bitcoin mining play in your overall financial strategy?

Matt:
“It plays a huge role. The goal for all of my companies now is zero net profit — everything goes into Bitcoin mining.”

Colin:
“Bitcoin mining is a massive part of my financial strategy. It’s my business and also gives me personal write-offs. At year-end, my accountant tells me my tax liability, and I’m able to invest into miners, depreciate 100% of the machines, and offset all my ordinary income. Instead of paying half a million in taxes, now I’m paying closer to $50,000.”

Mo:
“It helps with deploying money effectively and getting returns. With the 100% bonus depreciation from the Big Beautiful Bill, the hurdle margin is much lower. Compared to other options like construction equipment or real estate, the numbers just look better.”

Q4: Why Blockware over other hosting providers?

Matt:
“Blockware had the best reputation. They sourced my machines, gave me great energy pricing, and every time I compared vendors, Blockware had the most competitive rates. My experience has been easy, transparent, and fast.”

Colin:
“As a new mining company without abundant capital, I didn’t want to raise money or give up equity. Blockware gave us a way to start without building our own facility. They made it super easy to focus on our strengths while they handled the operational heavy lifting.”

Mo:
“I’ve worked with a lot of businesses, and you want to bet on the people. After meeting and interacting with Blockware’s team, I was impressed with their character. Visiting the site just validated everything.”