Bitcoin trades at . We mine it at $52,468. Own the machine. Own the Bitcoin.
HashTax
Erase your tax bill · Keep your Bitcoin · Earn passive mining income
Tax Deduction
100%
IRS Code
§168(k)
BTC Collateral
Non-sale
Mining Yield (Net)
~8%
The Strategy
You Already Own Bitcoin. Use It To Wipe Out Your Tax Bill.
HashTax is a tax strategy built on IRS §168(k) bonus depreciation — one of the most powerful provisions in the U.S. tax code. The structure is simple: borrow against your Bitcoin (without selling it), use the loan to purchase Bitcoin mining hardware, then immediately deduct 100% of the equipment cost against your taxable income in the same year.
Your Bitcoin Stays. Your Tax Bill Disappears.
Because the funding mechanism is a loan — not a sale — you keep your Bitcoin exposure. You don't trigger a taxable event on your BTC. You don't give up any upside. You get a dollar-for-dollar deduction against your income and own physical mining hardware that generates new Bitcoin every month.
The Mining Hardware Pays You Back.
The miners you purchase don't sit idle — they work 24/7 generating Bitcoin, sent directly to your wallet. Over a typical halving cycle, those machines can generate significant returns — often enough to service the loan itself. You entered to save taxes. You exit with more Bitcoin.
How It Works
Pledge Your Bitcoin
Use your existing BTC holdings as collateral to secure a USD loan from Gasbox — up to the amount of your taxable income. No sale, no taxable event. Your Bitcoin stays yours.
Purchase Mining Hardware
Use the loan proceeds to buy institutional-grade Bitcoin miners (Bitmain S21e XP Hydro) titled in your name. Gasbox deploys them at our USA facility — you own the machines, we run them.
Claim 100% Bonus Depreciation
File IRS §168(k) and immediately deduct 100% of the hardware cost in the tax year the equipment is placed in service. A $500K purchase eliminates $500K of taxable income.
Collect Weekly Bitcoin
Your miners generate Bitcoin 24/7. Gasbox sends mined BTC directly to your personal wallet every week, net of operating costs. No middleman holds your coins.
Repay Loan With Mined BTC
Use monthly mining proceeds to service the loan. Over a typical 2-year mining cycle, machines can generate enough Bitcoin to repay a significant portion — or all — of the original loan.
Exit With More Bitcoin
Loan repaid. Miners paid off. Tax bill gone. You exit the strategy with the same Bitcoin you started with plus all the newly mined coins accumulated over the cycle.
Tax Savings Calculator
Adjust your taxable income and tax rate to estimate potential savings
Your HashTax Numbers
Taxable Income
$500,000
Taxes Without HashTax
At 37% effective rate
$185,000
Equipment Purchase (= Taxable Income)
Funded via BTC-backed loan
$500,000
Federal Taxes Saved (§168k)
Dollar-for-dollar deduction
$185,000
Hashrate Acquired
At $25K/PH (institutional pricing)
20 PH
Est. Annual Mining Income (USD)
~13.6% ROI on equipment cost
$67,817
Est. Annual Bitcoin Mined (Net)
After costs & 70/30 split, at $38/PH/day hashprice
~0.6459 BTC
Taxes Saved vs. Mining Income
Tax Savings
$185,000
Federal taxes eliminated
BTC Mined / Year
0.6459
BTC net to you (after costs)
Case Study: $1M Taxable Income
Walk through a real-world example of how a high-income earner with $1M in taxable income eliminates their entire federal tax bill using HashTax.
You have $1M in taxable income
You owe ~$370K in federal taxes at 37%
Pledge BTC as collateral, borrow $1M from Gasbox
Keep 100% of your BTC upside — it's a loan, not a sale
Use loan proceeds to purchase $1M of Bitcoin miners from Gasbox
You own the hardware. Gasbox manages it fully at a USA facility
File §168(k) 100% bonus depreciation on the $1M equipment purchase
Wipe out $1M of taxable income → save ~$370K in taxes
Miners generate Bitcoin weekly — sent directly to your wallet
Stack BTC passively. ~8% annual mining yield at current hashprice
Use mined BTC to repay the loan over time
Loan paid. Miners yours. Tax bill gone.
~$370K
Tax Bill Eliminated
100%
BTC Kept (No Sale)
~40 PH
Hashrate Acquired
~8%
Est. Annual Mining Yield
The Legal Foundation: IRS §168(k)
What Is §168(k) Bonus Depreciation?
Section 168(k) of the Internal Revenue Code allows businesses to immediately deduct 100% of the cost of qualifying property — including ASIC Bitcoin mining hardware — in the year it's placed in service. This is not a loophole. It's a deliberate Congressional incentive to encourage capital investment in the U.S. economy.
Why Bitcoin Mining Hardware Qualifies
ASIC miners are classified as 5-year MACRS property — making them fully eligible for §168(k) immediate expensing. The same provision used by trucking companies, manufacturers, and data centers. Bitcoin mining operators have applied this code section broadly and successfully.
The BTC Collateral Loan Is Not Taxable
Borrowing against your Bitcoin is a loan — not a sale. Loan proceeds are not taxable income under U.S. tax law. This means you can access the capital value of your BTC without triggering capital gains tax, use those proceeds to buy equipment, deduct the equipment 100%, and keep your BTC exposure throughout.
Your Mining Infrastructure
Hardware
Miner Model
Most efficient hydro-rated ASIC
Bitmain S21e XP Hydro
Hashrate Per Unit
430 TH
Power Efficiency
Industry-leading
13 J/TH
Cost Per PH
Wholesale institutional pricing
$25,000
Cooling
2–3x hardware lifespan vs. air-cooled
Direct Liquid Cooling
Operations
Facility Location
Stranded wind & hydro power
USA
All-In Power Rate
Electricity + hosting combined
$0.07/kWh
Uptime Guarantee
Contractual minimum
95%
Payout
Direct BTC — no custodian
Weekly, to your wallet
Hardware Title
Required for §168(k) eligibility
In your name
Who Is HashTax For?
High-Income Earners
Business owners, executives, consultants, doctors, and attorneys with $100K–$5M+ in annual taxable income looking to reduce their April tax bill significantly.
Bitcoin HODLers
Existing Bitcoin holders who want to leverage their BTC stack without selling it — accessing capital for tax deductions while keeping full price exposure.
Active Investors
Traders, real estate investors with active income, fund managers, and K-1 recipients seeking large first-year deductions to offset significant taxable events.
Powered By
Infrastructure Partner
Gasbox
- Sources and titles miners in your name
- Deploys hardware at USA DLC facility
- Manages hosting, maintenance, and uptime
- Sends mined BTC directly to your wallet weekly
- Provides BTC-backed lending facility
Tax Strategy Partner
Coinly
- Crypto-specialized CPA firm
- Structures §168(k) bonus depreciation filing
- Advises on business entity setup if needed
- Provides year-end tax documentation
- Works alongside your existing CPA or replaces them
Frequently Asked Questions
Legal Basis
Fully Compliant. Grounded in Established Tax Law.
HashTax leverages IRS §168(k) 100% bonus depreciation — a provision enacted by Congress and applied across industries for decades. Bitcoin mining hardware qualifies as 5-year MACRS property. The BTC-collateralized loan is a standard financial instrument. Every element of this strategy uses established code sections. This is not aggressive tax avoidance — it is smart tax planning.
Ready to Eliminate Your Tax Bill?
Schedule a consultation with the Gasbox team to see if HashTax is right for your situation.
Gasbox LLC · HashTax Strategy · USA Mining Facility
*Disclaimer: This page is for informational purposes only and does not constitute tax, legal, or investment advice. Outcomes depend on individual tax status, Bitcoin price, hashprice, and mining conditions. Consult a qualified CPA before implementing. **Assumes 37% federal tax rate. ***APY estimates based on current hashprice and are not guaranteed.