United States: Bitcoin mining hampered by outdated taxation.
✨✨✨✨✨✨✨💲💲💲
The Bitcoin mining industry in the United States is going through a critical period. Between archaic tax rules and increasing economic pressure, miners today demand fair treatment compared to their counterparts in traditional commodities.
💥In summary.
🔸Bitcoin miners suffer immediate taxation when extracting and then again when selling, unlike gold producers who only pay once.
🔸This tax pressure leads companies to liquidate massively: 40% of their production sold in March 2025, a record since October 2024.
🔸U.S. tariffs (up to 54% on Chinese equipment) and outdated tax regulations financially suffocate the domestic mining sector.
💥A two-speed taxation system that penalizes Bitcoin.
Beau Turner, CEO of Abundant Mines, points out a notable tax anomaly. While a gold producer only pays taxes at the time of sale, Bitcoin miners suffer immediate taxation upon extraction.
This double taxation, income when mining and capital gains when selling, mechanically pushes operators towards premature liquidations.
The figures from March 2025 perfectly illustrate this phenomenon: the top 15 listed companies sold more than 40% of their fresh production, marking the largest wave of liquidation since October 2024.
CleanSpark embodies this new reality by officially adopting a "self-financed" model based on regular sales. This strategy, dictated by current tax limitations, breaks with the strategic accumulation observed after the last halving.
