How W-2 Earners Slash Taxes With Bitcoin Mining

How W-2 Earners Slash Taxes With Bitcoin Mining

Author: Wyatt O'Rourke & Jordan Guess July 8, 2026 Duration: 1:06:14

Most people write off Bitcoin mining as a waste of energy or a game reserved for hardware geeks and public mega-miners. Beau Turner, CEO and co-founder of Abundant Mines, says it's actually the most natural and versatile channel for physical energy in the world — and one of the most powerful tax strategies available to everyday investors.

Wyatt and Jordan sit down with Beau to unpack what it really takes to run a Bitcoin mining hosting operation, why the industry has a marketing problem, and how Abundant Mines has quietly built a bridge for the "normie" investor — retirees, real estate investors, and high-earning W-2 employees who've never touched an ASIC but are staring down big tax bills.

Beau shares his story from the ground up. From a family of real estate investors and gold bugs, to an engineering degree at SMU, to liquidating a Dallas real estate portfolio to go all-in on Bitcoin — and the brutal $500K loss with a Georgia hosting provider that taught him everything a mining host should never do. That experience became the blueprint for Abundant Mines: all-inclusive pricing, hash rate redirect, equipment insurance, and white-glove onboarding that walks clients through self-custody from day one.

They get into the Big Beautiful Bill. How 100% bonus depreciation lets investors write off mining equipment in year one, how W-2 earners can use a mining LLC to offset active income, and why multi-year deployment strategies matter when the IRS always gets paid eventually. Then the conversation moves to the Bitcoin Family Office — why fractional family office services are the missing infrastructure for Bitcoiners with growing net worth, and how coordinated tax, legal, financial planning, and mining strategy beats playing telephone between advisors who can't talk to each other.

They close out with Beau's take on the public miners pivoting to AI and HPC, why hash rate leaving the network is a gift to everyone who stays, and his case for why the best time to allocate to mining is exactly when nobody's paying attention.

🎟️ Join Us in Denver, Bitcoin Financial Services Summit The Bitcoin Financial Services Summit returns October 20-22 in Denver, Colorado. RIAs, CPAs, lenders, miners, treasury companies, and Bitcoin-native operators all in one room. If you want to understand where Bitcoin and finance is going next, this is where you need to be. Get your tickets at bffs.media

Chapters 00:00 Introduction to Beau Turner and Abundant Mines 02:43 The 30,000-Foot View of Bitcoin Mining Today 05:25 Reaching Investors Outside the Bitcoin Bubble 12:38 Inside the Abundant Mines Business Model 17:56 From Real Estate to a $500K Mining Lesson 24:12 The Big Beautiful Bill and 100% Bonus Depreciation 28:13 How W-2 Earners Use Mining to Offset Taxes 32:21 Building a Turnkey Bitcoin Business 36:45 The Bitcoin Family Office 49:27 Public Miners, AI Pivots, and the Case for Mining Now 59:08 How to Work with Abundant Mines

Guest: Beau Turner Abundant Mines

X: x.com/Beau_Turner21

Website: abundantmines.com

Referral Program: abundantmines.com/referral

Host Links

Wyatt O'Rourke

X: x.com/wyattorourke_

Website: basilic.io

Jordan Guess

X: x.com/jordanguess

LinkedIn: linkedin.com/in/jordan-guess-cpa

Website: bitment.co

Bitcoin Financial Services Media

X: x.com/bffs_media

Website: bffs.media

YouTube: @bffs_media

Show Sponsors Basilic Financial: Your wealth deserves intention. Basilic is a Bitcoin-focused wealth management firm helping clients find balance between money and meaning. Financial planning, individual wealth management, retirement services for SMBs, and Bitcoin financial services. basilic.io

Bitment: Tired of messy CSVs and broken cost basis? Bitment is the first Bitcoin-native accounting platform for CPAs, advisors, miners, and serious investors. Clean Bitcoin bank statements, reliable cost tracking, full reporting, and seamless fiat integration through Plaid. bitment.co

Satoshi Pacioli: Run a Bitcoin business? Meet your full-service accounting and tax partner built for the Bitcoin economy. Bookkeeping, financial reporting, tax compliance, and strategic planning for companies and individuals who speak Bitcoin. satoshipacioli.com


You’ll find Bitcoin for Financial Services Podcast lives at the intersection of established finance and a rapidly evolving digital asset landscape. Hosts Wyatt O’Rourke and Jordan Guess bring distinct, grounded perspectives to each conversation. Wyatt, author of The Bitcoinization of Finance and founder of Basilic Financial, operates daily in the practical work of connecting traditional wealth management with Bitcoin’s emerging economy. Jordan’s complementary expertise allows them to dissect complex developments with clarity. Together, they move beyond hype to examine the tangible mechanisms, regulatory shifts, and institutional adoption that are actively restructuring financial services. This isn't about abstract theory; it's a close look at the tools, strategies, and real-world implications for professionals and serious investors. Each episode of this podcast feels like a focused discussion, unpacking how Bitcoin technology influences everything from portfolio construction to payment systems. If you're navigating the convergence of legacy systems and cryptographic innovation, the dialogue here provides a necessary and nuanced compass. Tune in for analysis that respects the depth of both finance and the foundational technology changing it.
Author: Language: English Episodes: 39

Bitcoin for Financial Services Podcast
Podcast Episodes
Your AI Agent Needs a Bitcoin Wallet. Here's Why. [not-audio_url] [/not-audio_url]

Duration: 56:05
Most people think of Bitcoin as something you hold. Moritz Kaminski, co-founder of Alby, says it's becoming something your AI agent spends. Wyatt sits down with Moritz Kaminski to unpack why the Lightning Network is quie…
Your Bitcoin Estate Plan Has a Fatal Flaw (And It's Not Legal) [not-audio_url] [/not-audio_url]

Duration: 47:12
Most Bitcoin treasury companies talk about holding. Kyle Lawrence says the legal infrastructure around it is just as important. Jordan and Wyatt sit down with Kyle Lawrence, Partner at Falcon, Rappaport, and Berkman, to…
Offense vs. Defense: How Bitcoin Treasury Companies Actually Work [not-audio_url] [/not-audio_url]

Duration: 1:14:21
Most Bitcoin treasury companies talk about holding. Sam Callahan says the ones worth watching are playing offense. Jordan and Wyatt sit down with Sam Callahan, Director of Bitcoin Strategy and Research at OrangeBTC, to g…
The Fix Every Financial Advisor Needs [not-audio_url] [/not-audio_url]

Duration: 54:33
Most financial professionals start a podcast thinking it will grow their business. Brandon Keys says you are doing it backwards. Jordan and Wyatt sit down with Brandon Keys from Green Candle to get his unfiltered take on…
Bitcoin 2026 Recap, Stretch Breakdown & The Family Office Launch [not-audio_url] [/not-audio_url]

Duration: 48:25
20,000 Bitcoiners. Three days in Vegas. More conversations than you can count. Jordan and Wyatt just got back from Bitcoin 2025 and they are breaking down everything that actually happened — from the main stage panels to…
Bitcoin Has Been the Best Asset in Every Crisis for 8 Years Running [not-audio_url] [/not-audio_url]

Duration: 1:14:24
What does it look like to start a contracting company at 19, turn your first real paycheck into Bitcoin at $10k, and end up building two of the most interesting companies at the intersection of Bitcoin and real estate? I…
Fix the Money, Now Fix the Credit [not-audio_url] [/not-audio_url]

Duration: 1:12:51
What does it actually look like to leave a high-paying finance career, start publishing independent Bitcoin research from your basement, and end up as Chief Risk Officer of a publicly traded company? In this episode, Wya…
Why Bitcoin Always Wins in the Bear Market [not-audio_url] [/not-audio_url]

Duration: 1:13:25
What does it actually look like to build a Bitcoin media empire from the ground up and then take it public? In this episode, Jordan and Wyatt sit down with Brandon Green, CEO of BTC Inc., to explore the state of Bitcoin…
The Bitcoin Capital Markets Episode Nobody Made Yet [not-audio_url] [/not-audio_url]

Duration: 58:43
What does it actually look like to bring Wall Street deal-making into the Bitcoin ecosystem? In this episode, Jordan and Wyatt sit down with Scott Marmoll, Founder and Managing Director of Capital B Advisory, to explore…