Own mining equipment. Lower your tax bill.
Mining hardware qualifies for Section 179 and bonus depreciation. Purchase equipment, deduct the cost, and receive Bitcoin from your machines while Pickaxe handles hosting and operations.
This page is for informational and educational purposes only and does not constitute tax, legal, financial, or investment advice. Consult a qualified professional before making any purchase decisions.
Turn high income into high deductions.
Healthcare professionals face some of the highest marginal tax rates. Mining equipment is tangible business property that qualifies for accelerated depreciation - deduct the full purchase price in Year 1 while your hardware produces Bitcoin for years.
Example: Year 1 Tax Impact
Illustration only. Actual tax impact depends on your filing status, income level, and state taxes. Consult your CPA for specific guidance.
Estimate your Year 1 deduction
Adjust the inputs below to see how equipment ownership could impact your taxes.
Estimated Year 1 Impact
For illustration purposes only. State conformity data is based on publicly available 2025-2026 guidance and may not reflect recent legislative changes. This calculator provides simplified estimates and does not account for FICA, AMT, NIIT, phase-outs, local taxes, or your individual circumstances. Actual tax savings may be higher or lower. Always consult a qualified CPA or tax attorney before making purchase decisions.
Sources: IRS Publication 946 (Depreciation) | IRS Section 179 | Section179.org State Conformity | COST State Conformity Chart (168(k)) | Tax-Rates.org State Income Tax Rates
From purchase to Bitcoin in your wallet
You focus on patients. We handle the mining.
Evaluate your situation
Use the calculator above or ask our AI assistant to model scenarios for your income bracket. Understand the Section 179 deduction, expected hash output, and hosting costs before committing.
Most physicians start by sharing their marginal tax rate and desired equipment budget. We help you understand exactly what to expect.
Purchase equipment through your entity
Select mining hardware from our catalog. The invoice is issued to your business entity (LLC, S-Corp, or sole proprietorship) so it qualifies as a depreciable business asset.
You receive a clear invoice and bill of sale. Your CPA uses this to claim the Section 179 deduction on your tax return.
We rack, power, and operate your hardware
Your equipment ships directly to our hosting facility. We handle racking, power, cooling, networking, and firmware updates. You get dashboard access to track your machines.
Hosting costs are a separate, ongoing business expense - also deductible. Your dashboard shows uptime, hashrate, and production data.
Receive Bitcoin to your wallet
Your miners join a mining pool and Bitcoin is deposited to a wallet address you control on a regular payout schedule. You own the BTC from the moment it's mined.
You choose your own wallet and payout threshold. Pickaxe never holds your Bitcoin - it goes directly from the pool to you.
Important: Bitcoin mining is not a guaranteed source of income. Mining output depends on network difficulty, hardware performance, electricity costs, and Bitcoin price - all of which fluctuate. Equipment may lose value over time due to technological advancements and increasing network difficulty. Past performance of mining equipment does not predict future results. Pickaxe provides hosting and operational services only and does not guarantee any level of Bitcoin production or returns.
Verify independently: Bitcoin Mining Production History (BitInfoCharts) | Bitcoin Network Difficulty (Blockchain.com) | Hashrate Index
Why mining makes sense for medical professionals
High marginal rates
Physicians, surgeons, and specialists often sit in the 32-37% federal bracket. Larger deductions mean larger savings.
Zero time commitment
You don't manage hashrate or update firmware. Pickaxe handles operations so you can stay focused on your practice.
Tangible asset ownership
You own physical equipment - not a paper claim. It's a depreciable business asset with real residual value that you control.
Entity-friendly
Works with LLCs, S-Corps, and sole proprietorships. Your CPA can structure it to maximize deductions for your situation.
Receive Bitcoin directly
Your equipment produces BTC deposited straight to your wallet. You own it from the moment it's mined.
Clean documentation
Pickaxe provides clear invoices, hosting agreements, and production reports your accountant will appreciate.
Questions we hear from doctors
Straightforward answers to the most common concerns.
Do I need to set up a separate business entity?
Many physicians already have a professional LLC or S-Corp. Mining equipment can often be purchased through your existing entity. Your CPA can advise on the best structure for your situation.
What's the minimum equipment purchase to make this worthwhile?
Most medical professionals start in the $25,000 - $150,000 range. The tax benefit scales with your equipment spend, so even smaller purchases can meaningfully reduce your tax liability.
How does the Bitcoin get to me?
Your miners join a mining pool. Bitcoin is deposited to your personal wallet address on a regular payout schedule. You control your keys and your Bitcoin.
What happens if Bitcoin's price drops?
You've already captured the tax deduction at time of purchase. Your equipment continues mining regardless of price. The hardware you own keeps producing Bitcoin - what you do with it from there is up to you.
How is mining output classified for tax purposes?
Classification depends on your level of involvement and entity structure. With hosted mining through Pickaxe, many CPAs treat it differently than active business income. Discuss specifics with your tax professional.
See what mining could do for your tax situation
Ask our AI assistant to model scenarios for your income level, or create an account to explore available hardware.
This page is for educational purposes only. See full disclosures below.
Important Disclosures
No tax, legal, or financial advice. The information on this page is provided for general educational and informational purposes only. Pickaxe does not provide tax, legal, financial, or investment advice. Nothing on this page should be construed as a recommendation to purchase mining equipment, as a solicitation, or as a guarantee of any tax benefit, Bitcoin production level, or financial outcome.
Tax deductions are not guaranteed. References to Section 179, bonus depreciation, and other tax provisions are simplified summaries of complex tax law. Eligibility for any deduction depends on your individual circumstances, entity structure, filing status, income level, and applicable federal, state, and local tax law. Tax laws are subject to change. The IRS or state tax authorities may challenge or disallow deductions. Always consult a qualified CPA, enrolled agent, or tax attorney before making any decisions based on potential tax benefits.
Mining involves substantial risk. Bitcoin mining is subject to significant risks including, but not limited to: volatile Bitcoin prices, increasing network difficulty, hardware failure or degradation, rising electricity costs, regulatory changes, and technological obsolescence. Mining equipment depreciates over time and may have limited or no resale value. There is no guarantee that mining will be profitable or that equipment will produce any specific amount of Bitcoin.
Calculator estimates are illustrative only. The tax savings calculator on this page provides simplified estimates based on federal marginal tax rates and does not account for FICA, self-employment tax, alternative minimum tax (AMT), net investment income tax (NIIT), phase-outs, state-specific rules, or your individual tax situation. Actual results may differ materially.
AI responses are not professional advice. The AI assistant on this page provides general information only. AI-generated responses may contain errors, inaccuracies, or outdated information and should not be relied upon as a substitute for professional tax, legal, or financial counsel.
Pickaxe's role. Pickaxe provides mining equipment sales, hosting, and operational services. Pickaxe does not act as a financial advisor, tax preparer, broker-dealer, or investment advisor. Equipment purchases are final sales subject to Pickaxe's terms of service.