At the time when Bitcoin dropped during COVID, Bitcoin went to $4,500 and I threw my entire savings into Bitcoin. That was the start of my journey. And when you make over 550K in the US, you're paying 37%. You can't just make money. You have to actually learn how to preserve your wealth and play the tax game as well. I think we all want one result, right? We all want to make a lot of money, save most of it, pay no taxes in a legal fashion. When I first started hearing about mining, I thought mining was for tech nerds, wasn't profitable, extremely complicated. What's the average cost of mining one Bitcoin compared to buying one Bitcoin? Obviously, if you look at the price of Bitcoin right now, I think it's at $114K. If you mine one Bitcoin, it costs you about... Is there a reason why the mining machines don't last past four years? I'm not saying the miner is just going to break it exactly four years, but the way we run our business is we contract. What do you think the number one threat is to Bitcoin? If you asked me that in 2020, I would have said probably the government, the SEC. It doesn't matter anymore. BlackRock's in the game. Donald Trump is creating a Bitcoin reserve. The government's in. The game is done. Look at the Bitcoin chart over 15 years. It's up only to the right. Look at the S&P 500 priced in Bitcoin, only down. Look at your house priced in Bitcoin, only down. Look at gold price in Bitcoin, down only. Tesla price in Bitcoin, down only. Price everything in Bitcoin. Bitcoin is the hurdle rate. It is your new benchmark. And until you do that, you will not see the world in a correct way. Colin, welcome to the Better Wealth Show. Hey, what's up, Caleb? Thanks for having me, man. It's been fun to see your evolution just in business and just all the aspects of health, faith and and now You're just really doing some exciting things, helping people save money on taxes and grow their wealth via Bitcoin. I say this until I'm blue in the face when I bring on amazing people like you. I have to give this disclaimer that this is not tax advice. This is not investment advice. Please do your own due diligence. But in seeing what you are all about, man, I very much see this as a way of save money on taxes while also... acquiring an asset class that I think you may have a little bit more conviction than I do. But after talking to Mark Moss, I'm like, man, it got me fired up. And so I'm probably somewhere in the middle between the Mark Mosses and you and then maybe like the Warren Buffetts of the world. But anyways, I want to thank you for being on here. And I challenge you to give us the master class and you've come prepared. And so thank you. Yeah, absolutely, man. And I'm super excited that you're kind of on your Bitcoin journey, stacking sats. you know, it's little by little. So as you stack more sats, you're going to become more convicted and you're going to go down more rabbit holes and probably watch more Michael Saylor podcasts and YouTube videos and a lot more Mark Moss. And then your net worth is going to start skewing more into Bitcoin. So that's kind of how it happened for me. And, you know, I hope that I can do the same for the people watching today. I appreciate it, man. And if the presentation goes into it, I don't want to break, kill your thunder, but why don't you just give a little bit of backstory of like how you stumbled upon this and like what we can expect and then and then let's dive in yeah so it does go into that so let's just hop right in so today what i plan on doing is i want to help you guys uh grow your wealth while paying zero dollars in taxes and we're going to do that through bitcoin mining which you know a lot of people didn't even know is possible uh and with the big beautiful bill and donald trump uh helping us out you know it is now more possible than ever So. A little backstory on me. I got rich off of Bitcoin and I got punished for it. So in 2020 and 2021, I had just started in entrepreneurship. I had my first successful business. I was selling info around credit, helping people travel the world and leverage other people's money to invest in their businesses. And I had a good chunk of savings at the time when Bitcoin dropped during COVID. Bitcoin went to $4,500 back in March of 2020. And I threw my entire savings in the Bitcoin. I bought about five Bitcoin at 4.5K. All in, it was about 20, 25 grand. And that was the start of my journey. And that first buy really led me to the rabbit hole, reading books like The Lords of Easy Money, learning about how the financial system is so corrupt. And central bankers pretty much control monetary policy. And they can print money and then they can also take money away by, you know, contracting the money supply. Then I read books like the Fiat standard and the Bitcoin standard. I saw people like Michael Saylor converting his whole company treasury into Bitcoin. And this was a blessing because I got to really copy a billionaire's playbook. You know, I didn't have a company treasury, but my own personal treasury became Bitcoin very fast. And so I started to just consume more and more. And over time felt more and more convicted and confident on where Bitcoin was heading over the next 10 to 20 years. And pretty fast, my entire income that was coming in after expenses was just going straight into Bitcoin. And so through 2020 and 2021, I invested over a million dollars of my active income into Bitcoin. And by the end of 2021, at 25 years old, I become a Bitcoin multimillionaire. The timing couldn't have been more perfect. It was Literally, God, there was no way that it could have been any other way where I quit my job and then Bitcoin dropped to 4K and then ran up to 69K. But that was all fun and games until we had our first bear market. And that was my first experience of what a downturn was like on a volatile asset of this scale. It wasn't too fun. And my net worth went from a couple million down to under a million. And then I got hit with my 2021 tax bill in 2022, which was $500,000. dollars, right? And this is some proof here. I made $1.2 million in 2021. And I had to pay the IRS $469,000. Now, how did that happen? Well, I had zero tax planning. I didn't have Carlton yet. I met him later in 2022. I was like, can you fix my 2021 problem? He's like, man, the year is over. There's nothing you can do. I'm like, oh. So I just had to end up paying that. And that happened because I had no write-offs and I had no depreciation. Every dollar that was coming in, I was just dumping into Bitcoin, right? That's ordinary income. And when you make over 550K in the US, you're paying 37% to the IRS. So that caused a lot of unneeded stress. And it taught me a lot of lessons about entrepreneurship and how serious you have to take this side of the game. You can't just make money. You have to actually learn how to preserve your wealth and play the tax game as well. So maybe you guys have been here too. You made a ton of money. You're super excited. The business is exploding. And you focus so much on that. And then by the end of the year, the government ends up taking way more than you expected. And now you kind of have to go backtrack or you get to hire a team. You got to find people like Caleb online and hire people that are on your side. They're going to help you keep more money and be able to continue to grow your business while keeping more money in your pocket. So this is really where I discovered Bitcoin mining. And I have a lot of credit to give to Carlton, Carlton Dennis. who happen to be neighbors with Jason Less. The guy you guys see in this picture right here is the CEO of Riot Blockchain. You guys probably heard of Riot. They're the number one publicly traded mining company on the NASDAQ today. And on that one Zoom call, Carlton was like, hey man, have a Zoom with my friend Jason. He runs this big mining business. Didn't give me much context. I knew nothing about mining. And he's like, just ask him some questions. See where you can get the miners. I really think that if you want to keep acquiring Bitcoin, you should buy mining machines because machines can qualify for bonus depreciation. And you can write machinery off 100% in year one. And I was like, holy crap, maybe I should just switch my whole strategy. And instead of buying Bitcoin on Coinbase, I'll just buy these miners and I'll get the write off and then the miners will mine me Bitcoin over time. So I'm still getting the outcome I want, except now I'm eliminating the tax problem. And so overnight from that one phone call, I had everything I needed. I had the source of where I could buy miners in bulk and get a huge discount. I had a couple different providers that did turnkey hosting in the USA. And I also had different softwares and pools that I could utilize that Jason vetted for me and gave me their contact information. So instantly I took action and I started to mine for myself. And what I thought was true about mining versus what I discovered was. was much different, right? So when I first started hearing about mining, I had a lot of limiting beliefs. I thought mining was for tech nerds. I thought that it wasn't profitable. And I thought that it was extremely complicated. But after having that meeting with Jason and getting the right people in my circle, I realized that mining actually can be for everyone. And that mining is extremely profitable. You're actually mining Bitcoin at a discount to the spot price. And mining is easy as long as you're using the right facilities. They have on-site technicians and you're using turnkey systems. That's exactly what we did at Leverage Mining. So this was a new opportunity that almost, you know, number one fell in my lap and overnight completely changed the game for me. At this time. during that year in 2022, I was buying real estate that I didn't understand anything about, you know, setting up Airbnbs, getting teams in place, you know, having to do all kinds of like contract work at the house, spending a lot of money. I bought a Range Rover that was over 6,000 pounds, just get a write off, just doing all this absurdity that I never wanted to do. I like low expenses. I love having my Bitcoin and I just want to travel and have maximum freedom. And this stuff was just tying me down. So. overnight, I had now an option that gave me way more freedom than doing the real estate and the cars just to get a write-off. So, I mean, I think we all want one result, right? We all want to make a lot of money. We want to save most of it and we want to pay no taxes in a legal fashion, right? So I built that all into one investment vehicle. And this is when leverage mining was born. So leverage mining, just to make it easy, is We help investors acquire the most scarce asset of all time and write off all of it. Okay, we're the only Bitcoin mining company that prioritizes tax mitigation. And we're an official partner of Tax Alchemy, which is Carlton's firm since 2022. This needs to be updated. We have over 100 clients now, a little bit over like 35 from Tax Alchemy. We have two active facilities in the States that we utilize in Kentucky and Texas. And right now we have a little over 55,000 terahash. under management, which comes out to about 280 or so miners. We have a small team comprised of myself. I've been in Bitcoin since 2020. I provide education on Bitcoin through my YouTube channel, Twitter, Instagram. And like I mentioned earlier, I have another business called Credit Class, which helps people leverage credit at 0% interest and deploy it into either their own business or businesses like mine, getting money from the bank, deploying it into miners. We have Joel, who's one of my account executives. And then we have Derek, who is our customer support manager. So real quick, I want to kind of dive in Caleb to Bitcoin, just because you know, there's probably some people on here that have obviously heard of it, right? It's pretty mainstream now. But I want to just give you some basics just to wrap your head around on why this asset class is so special and different. Yeah, Colin, I was going to ask you, I'm very curious the epiphany that you had when you first like went all in because that's. That's somewhat rare. I mean, maybe not for someone like your personality, because I know that in the past, you're an all in kind of person. But it is rare to be like, okay, I'm going to take all of what I have, put it into this thing at the time that you did. Yeah. So, you know, the epiphany happened right here. So basically, I learned that Bitcoin is a hard money with a total supply of 21 million. And that just changed everything for me. I realize how inflationary our world is today, right? They print unlimited money at every central bank around the world, and we are growing everything all the time, right? Businesses have to grow or else the stock implodes and the company fails, right? We're addicted to growth, growth, growth, growth. So imagine, where is all that energy, that monetary energy, where is it all going to go? It's not going to go in dollars, right? People are rushing out of dollars. They're putting it in hard things. Miami Beach real estate, right? They're not making much more of that. Those houses on the water, they keep going up. It doesn't matter if the market's up, down, left, right. Those things go up forever. Okay. So Bitcoin, and I'll show you a chart in just a second, is the best real estate of all time. Okay. It's a mini house that you can transfer in your pocket or in cyberspace. You don't even have to hold your wallet on you. You can buy a Bitcoin and you know forever that As long as you don't lose it or spend it. you own one out of 21 million forever. And they're going to keep printing money indefinitely until it goes to zero, right? Our dollars purchasing power is down 40% in the past five years. That is obscene, right? Your house priced in dollars will continue to get more expensive. Your house priced in Bitcoin, look at the chart of an average price home in America over the past 10 years. It goes down only. If you just hold one Bitcoin, your entire life gets cheap. You can afford everything, right? So that's what hit me like a ton of bricks. And I was like, this makes so much sense. Why am I holding dollars that do not go up in value? They literally are just getting destroyed by inflation and I'm losing all my purchasing power. Everything's getting more expensive around me when I can just convert it into the right money, the true money, the hard money. And so that's all I did. It's not that crazy to wrap your head around. People just get so confused and scared of the short term volatility because they view everything with a high time preference. Okay. They're so worried about now, tomorrow, what am I going to do? It's like, dude, zoom out. Look at the Bitcoin chart over 15 years. It's up only to the right. Okay. Look at Bitcoin. Okay. No, look at the S&P 500 priced in Bitcoin. Only down. Look at your house price in Bitcoin. Only down. Look at gold price in Bitcoin, down only. Tesla price in Bitcoin, down only. Price everything in Bitcoin. Bitcoin is the hurdle rate. It is your new benchmark. And until you do that, you will not see the world in a correct way. So that's what everything changed for me. And I started measuring my life in Bitcoin. And I realized that, holy crap, everything gets cheaper price in Bitcoin. And the other cool thing about it is it's peer-to-peer. It operates independently of a central bank. It's the greatest performing asset class of all time. Even in 2020 when I found it, that was still true. And no one has ever lost money holding Bitcoin for a four-year period. So I was like, okay, I can hold for four years. And what would happen if I do hold through a whole bull market? Like, you know, last bull market, Bitcoin went up like 25x. Maybe if it only goes up 10x this time, that's still... How am I going to 10x my net worth any other way? So I was like, I'm just going to put everything in Bitcoin and I'm making good money for my businesses. I'll pay for expenses and I'll just dump it all in Bitcoin. And that's exactly what happened. I 10X my net worth in like a two year period. And I blew past everyone I knew that had even better businesses than me, right? Because I just realized that they're holding broken money. I was holding the right money, right? I'm not smarter than anyone, right? They make more money. They're doing much more profit in their businesses. They have more clients than me. I just realized that the money they were using is broken. So that was kind of my epiphany. And I have to ask this. If you were playing devil's advocate with yourself, what do you think the number one threat is to Bitcoin? Is it regulatory? Is it that it's based on supply and demand? And what would that be if you had to play devil's advocate with yourself and say, this could get blown up, or if it was going to get blown up, this is how it's going to get blown up? Yeah, if you asked me that in 2020, I would have said probably the government. I would have said, you know, maybe the SEC. It doesn't matter anymore. BlackRock's in the game. Donald Trump is creating a Bitcoin reserve, right? Like the government's in. BlackRock's in. Institutional money's in. ETFs are all approved. The game is done. They're all accepting of it, right? Now they're pushing it. So it's too late, like, to go back. I think, you know, the mining stuff, everyone's like, oh, what about the 50% rule? The mining network's too distributed across the world now. There's too many miners in too many different places and Satoshi is a genius. He created the difficulty adjustment. So every two weeks, a difficulty adjust to make it a fair playing field. So if there's too much concentration in, let's say, a place like Russia and they're just crushing it and hash rate is going up over there, Satoshi created a protocol that is indestructible. It will always, every single two weeks, adjust. So if there's too much hash rate, it'll make it easier to mine. Or I'm sorry, it'll make it harder to mine. If there's not enough hash rate, it'll make it easier to mine, right? And it levels the playing field on every single aspect. So he's created a perfect economic system that has never been done before. And every four years, we have these business cycles. And we make a higher low and then a higher high and a higher low and a higher high. Just look at the chart. You can't deny the facts, right? It's right in front of you. So yeah, we've been up only for the past two years. and I think we'll still have bear markets, but I don't think BlackRock wants iBit to suffer, right? That's their number one most profitable ETF that they've ever created, right? It's the best performing ETF in history. It's their most profitable. That's their baby, right? So they want to protect that at all costs. I don't think that's going to do very well for them if Bitcoin drops 75% again. So maybe Bitcoin goes down to the old all-time high. That's typically what happens each cycle. Right. Last time we revisited down here at 20 K, we actually dipped below and went to like 15. That scared everyone. And then what happened? Reversal of only for two years. Right. So we'll probably go down to, you know, at worst 60 K, maybe 67 K. And then, you know, we'll probably chop around for a bit down there, just like last cycle. And then boom to 250, 300. And it's just going to go up forever because the system's broken. Right. Unless they somehow, you know, put the dollar back on a gold standard or Maybe even they leverage MicroStrategy and they start nationalizing MicroStrategy because they already hold 600,000 plus Bitcoin. So there's just it's just such a I think you just want to be focused on Bitcoin because it's the hardest money of all time and it's changing the world in front of our eyes and AI. Those are the two kind of main focuses and it's such a blessing because the business I'm in, that's what all these companies are doing. You look at Iron. I don't know if you follow that mining stock. They're exploding right now because what they're doing is they're profitable already mining Bitcoin. But now they're, you know, getting contracts with NVIDIA and they're going to switch to AI infrastructure. So that's what, you know, companies like Riot are looking to do as well. They have all this infrastructure with data centers. They have, you know, electricity. They learn the energy game on how to arbitrage and get it abundantly cheap. And now they're going to, you know, get all these contracts from NVIDIA, Microsoft, Oracle. You saw one up 40%. yesterday in a day. It's crazy. This is where all of the energy is going into Bitcoin and into AI. You could argue stable coins and other cryptos. I personally think stable coins are basically CBDCs and that's exactly what I don't want. So I choose- What do you mean by that? Yeah. So stable coins are on Ethereum, right? Ethereum is the number one network for things like tether and usdc um They can freeze those transactions. You saw the other day, Justin's son, who's a crypto billionaire, he owns a project called Tron. He invested into a World Liberty Fi token, Donald Trump's team's token, and he did something that they didn't like. So they froze all of his assets, right? You can't do that on Bitcoin. It's impossible. Okay. It's a free market. It's peer to peer, and there's no hand going in, no centralization. It's a true free market. Whereas Ethereum... with see uh it's it's essentially um you know usdc and tether is fully controllable they can freeze those assets and they're tricking everyone to think oh stable coins are awesome blah blah blah and all these companies want to adopt them and all these um you know these nation states want to adopt stable coins why because they can literally print unlimited of them they can control it they can snoop and see where these transactions are going there's so much more control on stable coins. So, uh, That's why I don't like them necessarily. Okay. Thank you. So how scarce is Bitcoin? Well, currently there's more than 94.7% of Bitcoins already in circulation. And the max supply, as I said before, is capped at 21 million. Now, all of the Bitcoin will be in circulation in 2140. Now, you're probably thinking, how is that possible? It's already at 94.7%. Wouldn't it be like in the next couple of years, we're at 100%? Why is it 2140? Well, that's because of something called... The new issuance of Bitcoin, also known as the halving event. You've probably heard of the halving, right, Caleb? Yeah. So every four years, the new supply of Bitcoin coming into circulation through the mining rewards get cut in half. Right. So it used to be like 6.125. Now it's 3.125. And then it's going to be 1.7 something. Right. And it just keeps going down, down, down, down, down until there's no Bitcoin left. And then the only thing miners are incentivized for. or, you know, verifying transactions and they get a transaction fee. So there'll always be a reason for miners to be prevalent and be running the network. But yeah, it's just, it's deflationary by nature, right? Bitcoin is continually getting more and more scarce, and there's less and less and less of it being created until there's no more at all. If you're a high income earner or own a successful business, you're already creating real value in the world. The real question is, are you keeping that money, protecting it and growing it the way that actually supports your long-term goals. At Better Wealth, we help people like you better keep, protect, and grow their wealth through various tax strategies, estate planning, specially designed life insurance, retirement planning, and even a fractional family office service. If you're interested in one or more of the areas we can serve and want to learn more, the next step is to book a free clarity call with us. Click the link in the description or tag comment below to get started. Back to the video. So that's Bitcoin. Now, what is Bitcoin mining? Well, Bitcoin is powered by individual computers all around the world. And these computers are all working together to maintain and secure the public ledger. Miners are validating transactions and they get paid for that validation. So every 10 minutes, new Bitcoin is released and miners compete to win it. We win daily, leverage mining and other miners out there. They win block rewards daily because they're in something called a mining pool. A mining pool is basically where you get to team up with other miners and you all exert your TerraHash and you are rewarded based on how much TerraHash you're exerting into the network. So for example, if someone has a hundred miners and there's another guy in the pool with one miner, you're going to hit a block reward, you know, every couple hours, but that block reward is obviously going to be divvied up in the proportion of how much energy you're exerting into that network. Right. So that's kind of that. And then, uh, Let's kind of go over the demographics and some of the characteristics of Bitcoin mining. So in my opinion, Bitcoin mining is one of the best ways you can dollar cost average into Bitcoin at a discount. And Caleb, I'm sure you dollar cost average into maybe the S&P, right? Or even Bitcoin. I also dollar cost average into Bitcoin for what it's worth. Beautiful, beautiful. Yes, it is a great strategy. So wouldn't it be great to dollar cost average and get some tax incentives as well? Because that's exactly what mining is, right? Right now, if you have it set up on like Kraken or Coinbase, you're using ordinary income and you're buying Bitcoin, right? You didn't solve any tax problems there. But when you buy a minor, your minor on average runs for four years. Okay, you have energy expenses, you have setup expenses, and you have, you know, your mining expense, right, of purchasing that machine. And if you're setting it up under a business, an active business, you can depreciate and write off business expenses. So now we get to offset that income, you know, from this business and other businesses, right? It can carry over and offset W-2 income, other active income from other businesses. and that Bitcoin that you're earning. You're completely disconnecting your emotions from it, right? You're buying a mining business, you're letting that thing run for four years, and you're looking at your wallet every couple months. You're like, holy crap, I'm earning a bunch of Bitcoin. This is awesome, right? So, and that Bitcoin that you're earning right now, if we go online and check it out, you can say, what's the average cost of mining one Bitcoin compared to buying one Bitcoin, right? Obviously, if you look at the price of Bitcoin right now, I think it's at 114K. If you mine one Bitcoin, it costs you about 90K or 85K. So you're getting right off the bat a 25% discount. Over what time period? Over a four-year period on average. So it's fair to say that it will take four years to mine a Bitcoin in this scenario. And then is there a reason why the mining machines don't last past four years? Is it just the energy and it fully depreciates? I wish I could show you. I have a minor sitting right here on my cabinet. But no, so minors are computers, right? They're supercomputers that are running 24-7, right? So imagine you're running your laptop with like a crazy software 24-7. Things are going to start to heat up and break after three, four years. The main point of failure in a minor, if you're doing air cooled, is the fan. The fan is the single biggest point of failure. But there's also minors that use hydro, Right. So it's almost like. cold liquid running through the miner. And that's going to cool down the machine. Then you can also do something called immersion cooling, where you're essentially dunking a miner in a cold plunge. It's an oil-based solution. It's called dielectric fluid. And that miner will sit under that oily solution. And it's pumping cold fluid on the miner 24-7. So you can actually overclock the machines and the miner can run much longer. Now, I'm not saying the miner is just going to break it exactly four years, but the way we run our business is we contract all of our companies that work with us on four years of energy. So we pay our energy provider for four years. And then after that, you would have to renew another contract. And most of the time you would want to buy the more efficient machine that's now out four years later than keep your old crappy one. You know what I mean? So another way to say this is... When it comes to projections, you're just looking at four years. It doesn't necessarily mean that you can't do something past that. But four year window is very much the window that you're looking at. Correct. Yeah. So if you work with us, you're going to be mining for four years on that original contract that you start with us. And does mining the one Bitcoin, obviously nothing's guaranteed. But if Bitcoin goes to the moon, let's say over the next four years, it just continues to go up. Does the acquiring one Bitcoin become harder or unchanged? And then what, what does it look like if Bitcoin, you know, tab like comes in, like maybe it's 50 grand. Like, is it any, like, what is the advantage to both of those scenarios? Yeah. So like, obviously you're going to mine much more Bitcoin if you have 10 miners compared to one miner. Right. So I can't tell you, oh, if you have one miner, you're going to mine one Bitcoin in a year. Like that's not going to happen. But if you have a lot of minors, right? There's four moving variables to Bitcoin mining. You have the price of Bitcoin. You have the difficulty adjustment. You have the hash rate. And you have the new issuance of Bitcoin, which is also the having event, right? So right now, we know that every time a block reward is mined, it's 3.125 Bitcoin. That's getting cut in half in 2028, which is going to have a massive effect, right? But the good thing is, even though we're earning less Bitcoin, that Bitcoin's worth a lot more. you know if we look back in history every single time you have the halving event um a bull market proceeds within the next 18 months right we just had that in 2024 we had the halving in 2024 what happened right after we shot up to 100k right bitcoin was sitting at uh 40k 30 35k and or i'm sorry it was at what was it at in 2024 yeah around like 50k Right. 48K, I think, was the lowest point. So you can see, obviously, that massive growth, that supply shock every time that happens. And so, yes, essentially, all of our clients, you know, that come to us, they want two things. They want to tax write off and they want to they want to earn Bitcoin and hold Bitcoin for the long term. So my clients are a lot different than, you know, other mining clients that are, you know, just focusing on, hey, I want to front load as many miners as possible. And then with the Bitcoin I earn, I want to sell that off to pay for electricity expenses. We actually front load everything into one easy price up front. So they're getting everything like their electricity, four years of electricity, their machines, any maintenance. We have a little cushion for any repairs and they pay once they get to front row front load their write off. Right. Because they're buying all the machines up front. They can write off one year of electricity up front and then all the other expenses that go along with. running that business in year one, they can write off upfront. Other businesses, you can't do that, right? With other mining contracts, right? They want you to pay month to month electricity. That's going to hinder your write-off capability because you're going to be paying that over four years, every single month. And you also have to sell Bitcoin. My clients come to me to earn the Bitcoin and hold the Bitcoin. So it's a lot different structure and a lot different avatar of who we're targeting. And that's the thing that makes my company so different. You know, I've contracted a lot of people out, you know, for helping me build sites, for helping me find different partners. And they say this is the first time they've seen a company do this, right? Where it's like, okay, you market someone that is in the market for a tax write off and long term holding a Bitcoin, not like, you know, selling Bitcoin. Because if you're coming in this business, and you're going to do it the other way, where you're just front loading miners, you have to literally log on, you know, a couple times a month to sell off your Bitcoin, pay your electricity bill. A lot of rich people, right? They don't want to do that. Accountants, lawyers, you know, doctors, they're not, they're not going to do that, right? They're like, I want to pay once. I just want to earn Bitcoin and get a write off. Does that, does the, does the price of Bitcoin affect the ability to mine at all? It doesn't. So the hash rate and the difficulty adjustment have the biggest effect on that. And then of course the new issuance cuts the rewards in half, right? So like in the beginning stages, when my clients go through a having event, They all hit me up, right? They're like, Colin, what's going on? It's been a month, and I've been getting like half as much as the rewards. And the problem in that short time after the halving is Bitcoin hasn't really had its supply shock yet, right? It takes a little bit of time to warm up to that supply shock. And that's when people are like, what's going on? Like, I'm earning so much less. And then over the next 10 months, even though they're earning half as much, Bitcoin usually doubles or triples. So it's like, okay, it's all good. So it really does all kind of work out on this beautiful, you know, economic system that Satoshi created. And, you know, that supply and demand economic, you know, truly always does work out if you look back in history. Now, if Bitcoin stayed the same for the next 10 years, it would be a big problem, right? Because we're earning less and less and less. And guess what? Energy is getting more and more expensive. If Bitcoin stayed the same, it just… hypothetically and you're and you're saying again i'm not holding you to any of this stuff but you're saying that right now if you were to buy a machine like one machine you would you would through you you would imagine that it could mine one bitcoin in that in that year in that four years so let me show you if that thing happens it would i would imagine that that same logic would mean you could you would over those next four years you would mine half a bitcoin and so you're saying if If Bitcoin doesn't continue to keep going, eventually mining becomes less and less attractive. Correct. But as long as it continues to go up, you're still getting Bitcoin cheaper and you're getting it right off. Whereas if you're just buying it the normal way, you're doing that with after-tax dollars. Correct. So if you want to get into specifics on how much you'd be earning, if we take one miner, which would be the 705 terahash package is three miners. And if you divide that by three, you're looking at 0.0032 Bitcoin per month. Right. And that comes out to a little over like $350 right now per month. Now that's going to go up and down. But the good thing is like your amount of Bitcoin is not going to change until 2028. When that halving happens, then you're going to get rewarded every time you earn a block reward, half as much Bitcoin. So you have to draw out these calculations and you also have to factor in the write-off you're getting up front. And that's really what people care about most. They're almost double profiting. They're profiting at first when they create this business and they make that big transaction for all their mining equipment and their electricity. They're getting that initial bonus depreciation and business write-off. And they're considering that to be, you know, profitability for them. And then they're earning all that money they spent on all this stuff. They're earning that back in Bitcoin. And over the next three years, they're going to ROI on their initial investment that they spent in dollar terms. But they don't care about that because they're holding, right? They'll just hold for the next eight years. And that Bitcoin, as long as it keeps making higher highs and higher lows, is going to be significantly greater in the next, you know, eight to 10 years. Got it. Yep. Cool. So let's go back here and let's keep going down, you know, why Bitcoin mining is so special. So, you know, you get to participate in securing the Bitcoin network, as we spoke about before. You know, Bitcoin is a peer to peer network and miners are really the ones doing all the work. They're verifying all the transactions on the blockchain. It's so funny. A lot of people are like, oh, like, you know, blockchain this, blockchain that. We love the blockchain. We're going to create our own tokens. If there was no Bitcoin, there'd be no blockchain. Bitcoin was the original blockchain. People think it was like Ethereum that started this. Bitcoin was the first and only crypto ever created. All the other cryptos out there are just copy paste of Bitcoin with adjustments that allow them to control and manipulate the supply, right? That's all those other ones are. So yeah, you always have to remember that like without Bitcoin, there's no blockchain. You get to participate directly in the greatest wealth transfer in human history. I already kind of... briefly mention what's taking place, right? Everything in Bitcoin measured in Bitcoin is getting cheaper. Everything measured in dollars is getting more expensive. All you have to do to be on the right side of the wealth transfer is to nominate your life in Bitcoin and just start swapping your dollars and your savings for Bitcoin. And you get to participate, right? And by being a miner, you get that because you're getting rewarded in the greatest money of all time. Tax incentives, right? Section 179, bonus depreciation, business write-offs, section 162A. And then Bitcoin directly to your cold storage wallet. This is another thing that investors love about Bitcoin mining. Some people lost all their money in Celsius, in BlockFi, in FTX. I had money in BlockFi and Celsius. I got it out two weeks before it went down, made a YouTube video about it, tried to help as many people as I could. But that was horrifying, right? And I still had to pay Celsius $15,000 because apparently I was a creditor. Right. And even though I got my money off the platform, they had a callback clause of like 60 days. And since I pulled it off within 60 days of them imploding, they still own my money. So I had to pay them $15,000 to just like, you know, not sue me. It was crazy. So the cool thing about Bitcoin mining is there's no third party. There's no intermediary. There's no people backdooring your information like Celsius did. Right. I'm getting phone calls every single day from all these weird numbers. They're texting me. blast text messages, right? It definitely came from my info getting exposed. They sell all that stuff to, you know, buyers that want your information. Um, so you don't have to deal with any of that because your Bitcoin you're earning is coming straight from the source directly to an offline wallet that is not connected in any centralized platform. Um, so some people are probably watching this like, yo, can I just do this on my own? I'm just going to go on Amazon right now. I'll order a minor. It's not that easy. Okay. So we actually started doing that when we first got started. We were ordering miners from Amazon, which isn't the worst, but you can still get scammed. We had someone ship us a rock in a box, and we had to hit up Amazon. It took us like two months to get our money back. If you don't have the correct environment, this is what happens, right? Miners exert so much heat, and they're also so loud. So you can't just mine in your garage. You're going to be hearing that. Plus, your electricity at home is literally like $0.15 to $0.20 a kilowatt. OK, we're getting ours at $0.06, $0.07 a kilowatt. So you're going to go broke as soon as you plug your machine in. You have to have such a perfect environment and a source of abundant and cheap and efficient electricity. So this is kind of what it looks like if you do go alone. This was one of my partners, his wall in his house that got moldy because of mining. So there are a lot of barriers to entrance, right? You have 220-volt power and power costs. This calls for a proper installation, right? You can't just plug it into your wall outlet. equipment selection and sourcing. All these miners are from China, right? So if you're trying to do this on your own in order from a China supplier, odds are you're going to get ripped off. They're going to get stopped at customs, right? It's going to be an absolute mess. I've been through all of this. Maintenance and repair. Like I said, they're running fans 24-7. These things are going to break. Dust is going to get in these miners. They're going to get in the chipboard, the hashboard. You have to clean them out, right? It's a lot of work and knowledge you have to have. to understand this business. The noise, 75 to 80 decibels, equivalent to a vacuum cleaner, super loud. Excessive heat, right? People are actually heating their pools and their hot tubs and stuff with miners. And I don't know how to do that, but they're extremely hot. But you can transfer that heat into different things if you learn how to do that. And then there's obviously a huge technical learning curve with the pools, plugging these miner in, directing. the Bitcoin, you know, to a pool, you have to learn how to do all that stuff too. Now, this is our Kentucky facility. This is what it looks like when you're doing it the right way, right? You have a perfect environment. You have, you know, all these racking boards here that you can just plug the miners into. We have onsite staff, you know, working around the clock. If there's any problems, we have a facility where we clean and repair the miners. So why leverage mining? Well, we're scalable with fixed energy contracts. So we actually use industrial power and we use wind turbines at our Texas facility in Silverton. And we're able to contract energy out for really cheap. So we know our energy prices are going to be fixed on one to four year contracts. So what you pay in the beginning is all you pay. You're not going to be getting hit with surprise bills like all these other companies. If you go to Bitdeer, compass mining block where They're all variable electricity rates. So you could have a great couple months of just consistent electricity bills, and then one month in the summer, you'll get some massive spike in energy, and your bill goes up 40%. Now you're not profitable. They don't tell you about that. With us, when you pay up front, you know your fixed energy costs. We have multiple locations. We have tenured relationships with the best hardware and pool providers. Bitmain is who we use for our machines. We use F2 pool. All of our clients are on F2. I had mentorship directly from Jason Less. I still talk to him all the time. I actually just had a call with him last week. And he's the CEO of Rye Blockchain, right? He's giving me all the greatest insights that I can put directly into my small business. We have 24-7 on-site technicians and 24-7 direct oversight of your machines. So what's better than Bitcoin? Well, paying no taxes with Bitcoin. And I'm not a tax advisor, so don't take this directly from me. Obviously, verify with a tax professional. But I work directly with tax professionals, and they have approved this business model for the past four years. So Leverage Mining last year received our clients received over $2.3 million in write-offs. And this year, we're on track to double that. So let's talk about the tax part. You get 100% write-off. So our clients are utilizing Section 179 and bonus depreciations right off 100% of the purchase price of their machines. Then they can write off the other business expenses as well. Electricity, right? You can write off one year of that upfront. And then every year you get another full write-off, right? Because you're doing this for four years. So each year you're going to have one fourth of your total electricity bill that you get to apply to that business to offset your mining income. And just to be clear, you won't be asked to write another check. It's included in the up front. Correct. Yep. So in your contract, you'll have, you know, your, your categories of everything you paid for and you'll see, you know, electricity, which is this much, your miners was this much, the setup was this much. And then you would take that to your accountant and they would just go down the list and that's how you would kind of divvy up the expenses and apply that towards, you know, this current year and then the next year. And based on percentages, what usually is per year? Is it 5%, 10%, 2% of the year? the initial investment in terms of write-off yeah so electricity yeah so electricity is about uh it's a rather uh i would say medium expense you know machines are up there and then the electricity is about uh the same so if you're looking at like year one how much am i writing off of the total purchase price it's about 70 percent uh and then the other years of course you can write off a hundred percent of the electricity expense It's just obviously a four-year contract. So you're going to write it off in year two, year three, and year four. Again, it's about, would you say, 10% per year of the initial? Yeah, exactly. It kind of works out to around 10%. Yep. And this is massive for clients that are spending $250,000 to $500,000 on their mining packages and starting up a brand new active business. They're getting five to six-figure tax write-offs up front in year one, right? And then your clients are hitting their ROI within 24 months. That's from 2022. On the actual calculations on our ROI percentages, I'm going to show you a chart in just a second. It was 24 months. Now, at today's rate with the difficulty adjustment, the hash rate, and the price of Bitcoin, and yeah, it's a little more. It's 30 months right now. But I'll show you a chart in just a second. Now, these are some package prices from the past. This is just examples of kind of what the write-off looks like overall, right? Over your total contract period, you know, if you spent $61,000 and you're at a 37% marginal tax rate, if you want to find out your total dollar for dollar savings on this full contract, you would do 61K times 0.37. You're looking at $22,570. Now, when you get up to, you know, 245K, you're getting almost $100,000 dollar for dollar savings. Right. Five hundred ten K. One hundred eighty eight thousand seven hundred dollar dollar for dollar savings. Right. To do this with a mining company that is really easy to set up, we help you with all that. I'm going to go over that in just a second on why our company is so much different from all these other businesses that do offer mining services. We care so much about you guys integrating with your accountants and getting these tax write-offs confirmed. And that's why this business has done so well, because you don't need to have crazy real estate skills and hire all these teams, right? We put it in one size package that fits. everything, right? So you just come in, you pick your package and you get your write off. Colin, can you go back one slide that they go back then next slide. Okay. So you said at the client's hit ROI, you said it's now- A little over 30 months. How much is that? And the price of Bitcoin is not very, are you assuming the price of Bitcoin staying at the current price? Correct. So it obviously could increase faster if Bitcoin went up. And then if Bitcoin dropped, it could be less. But assuming today's market price, you're not only getting a tax write-off, but you're also recouping your money in three years. And potentially, again, there's a lot of things that we can do. pad with our language, but you have an extra year that's just the cherry on top. But you're essentially getting a write-off, and then you get to essentially recoup your money. So in some tax strategies, like buying cars and all, you get the benefit of maybe the car, but that car is not growing up in value. And so this is a way to recoup, but the purpose is to hold this long term. So it's not like a lot of people are cashing out their, their. Almost saving for investing in the future in a more tax advantage way. A hundred percent. And look, this is not some investment that's going to outbeat Bitcoin, right? If you just bought Bitcoin now, depending on where we're at in the cycle, right? Maybe right now you're actually going to outperform if you mine Bitcoin, because I believe we're kind of in the later half or the end of the cycle, right? The four year cycle. And I think we're going to have a down year, right? In 2026. So, you know, if you bought a full Bitcoin up here at 114 K. And next year, Bitcoin's at 65K. Well, you would have done much better if you waited a year. You could have bought two Bitcoin, right? So you buy miners this late in the cycle. You're not committing all that money to the actual Bitcoin right now. You're buying the machines that are going to mine the Bitcoin over four years. So you're going to get a write-off. And you're potentially going to earn a lot more Bitcoin than you would have if you just bought it right now. So timing the cycle is actually very important with mining. But at a worst-case scenario, right? Like, just like you said, people are literally spending. $300,000 on Rolls Royce Cullinans that they don't even want to just not pay the IRS. And then that machine they have to hold for five years, right? It just depreciates down. And if they don't hold it for five years, they recapture, right? So like, that's what you're going up against pretty much. At a worst case, you're ROIing on the money you spent within three to, let's just say worst case scenario, four years, you get all your dollar amount back in Bitcoin. If you just hold that another four years. you way outperform real estate and your Rolls Royce, right? So yes, all of our clients understand the other write-offs that they're working with. And they understand that, okay, if I just hold this Bitcoin for 10 years, I'm going to get this write-off up front, which is my main goal. And then I'm going to have the hardest money of all time over the next four years that I can just keep as savings and I can pass down to my kids. Colin, how is the tax work when you're mining Bitcoin. You pay. It's taxed as access. active revenue at the price it's mined. So that's like your cost basis, right? So you're not getting taxed like from zero to at 100K. It's 100K if you're mining a Bitcoin at 100K, right? That's what your cost basis is. So it's active income on the revenue side. And then you're also taxed again if you sell the Bitcoin long-term or short-term capital gains. That's why I always recommend our clients to hold it over one year. So they can just pay long term instead of paying short term. And for me, I don't want to sell my Bitcoin ever because I believe that you can loan against your Bitcoin. I think you can mortgage your house against Bitcoin pretty soon here. Chase Bank is going to come out with mortgages and loans. They're already making public announcements about that where you can pledge your Bitcoin as collateral. So I don't think there's any point to sell your Bitcoin. Bitcoin is kind of like the final boss of assets. There's nothing better than it. So why would you want to swap it for anything else? You can continue. I just, thank you. For sure. So let's compare Bitcoin and real estate, right? I love doing this little thought experiment. So Bitcoin, we know the total supply, right? It's 21 million. Real estate, we don't know. And it's just going to continue to increase forever. Inflation rate, we know that right now it's 0.83% per year. And the next decrease is in 2028. Real estate inflation rate, we don't know how many homes that they're creating per year. Cost to mine one Bitcoin a day, $70,000 on average. This is up a little bit from the last time I made this presentation. I think it was around like $85K, $90K. Cost to build a house today is $284,000. Transparency on Bitcoin, you get complete oversight. There's not one thing that goes missing when you're in Bitcoin mining. You can literally look at all your machines. You can see what's active. You can see how much Bitcoin you're mining for the day. You can see all the block rewards you mine. If you own real estate and you have a tenant in there, you can't put cameras inside the house. That's illegal. You don't know what they're doing. You don't know if they're having parties, destroying your house, right? There's a lot of things that go wrong. I had Airbnb business. I had sold all my Airbnbs. It was not fun. So much unneeded stress, okay? And then in the last 10 years, right? Let's just look at the growth. Bitcoin has obtained a 50% compound annualized return every single year, right? In the last 10 years, real estate has only done 10.3 compound annualized return. I'd rather just hold Bitcoin. It's just better than real estate in every way. Maybe you can't finance Bitcoin as easily, but I think that's coming. And at Leverage Mining, we actually allow you to use 0% business credit cards to purchase your mining machines. You can purchase these miners with the bank's money. Also, when you're going up in the $500,000 million range and you want to buy maybe a full megawatt, you can get financing from the banks leveraging an asset-backed loan. You can put up your portfolio. I had a client. take out $1.8 million against his stock portfolio. He has an eight-figure portfolio, took out $1.8 million at, I think, 6%, and he put it into Bitcoin miners. And then after he services his debt, he's now making $50,000 a month in Bitcoin, right? So you can still, even though real estate's much more widely accepted with debt and getting mortgages, you can still come up with creative ways to finance Bitcoin mining. Wanted to show you kind of a look inside of the pool. So. We're currently managing about 55,000 TerraHash. This is one of my personal mining pools. So just to show the transparency here, right? Like you can see the total income since I set up this pool with these miners. I've earned 1.11 Bitcoin. Now you can see your total uptime, right? This is how much TerraHash is active on my miners right now. You can see every single payout, right? Every single day I'm earning rewards to my wallet, right? This is when it's actually paid out to my wallet here. You can see yesterday's revenue, today's revenue, my balance, right? I can see all my workers that are up. If I click that, it's going to show all the workers we manage with the client's name. So I can't reveal that. But this is F2Pool. So this is essentially like how you oversee everything. So it's really transparent. Ownership package results. This is actually Jack McCall, a good friend of yours as well. So Jack invested 50K. His first package was $50,000 back in January of 2022. And over the next 24 months, you can see this chart here. So this pink color, right? This pink color line is his US dollar value of Bitcoin mined. And right at around 24 months, he hit his ROI. So the Bitcoin he had mined turned into $50,000. Another thing I want to show you is this blue bar right here. So this is the amount of Bitcoin he was mining. Look at this massive drop off right here. Right. What happened here? This was the Bitcoin halving event. Right. The halving happened. And, you know, what's crazy is the dollar amount of Jack's Bitcoin continued to surge up and to the right. How is that? Well, the supply shock happened. Right. For the first couple of months, Jack was like, yo, what's going on? Like, I'm not you know, the Bitcoin is not worth much more. I'm earning much less like this sucks. And then, boom, all of a sudden we just had a sudden surge. And Jack not only hit his ROI, but he went $20,000 above his ROI. And his total Bitcoin value is now at 70K within 27 months of mining with us. Right. So you can just see how powerful this is. The longer you hold, the lower your time preference, the more your Bitcoin is going to be worth in dollars. So I want to go over a few secrets and then we can do any questions that you have for me. And then I also want to show you some of the tax implications and the tax protocols that we've created to make our clients lives really easy. So secret number one, miners are wealth building machines. We all can make a lot of money, but can you keep a lot of money? Right. If you're earning five hundred thirty nine K a year, you owe thirty seven percent. I don't think this is the exact calculation, but, you know, let's say give or take one hundred eighty to one hundred ninety nine K. of that to the IRS. So you're only netting around $340,000. So instead of paying the IRS, you can deploy that capital into Bitcoin miners, you receive 100% write-off, and you can get all that capital back that you spent back in Bitcoin over the next four years. Your Bitcoin stack increases and you get more money back in your pocket. Bitcoin mining obviously doesn't have to be hard, right? You don't have to destroy your house like my partner Connor did. Mining is difficult if you do it alone. But with us, it's 100% automated. You pay a one-time fee, you go through a simple onboarding, and you start receiving your Bitcoin rewards instantly. There's no hidden monthly recurring fees like other companies. Bitcoin mining is never going to be banned. Maybe back in 2017, if I was presenting you this mining business, there'd be a lot more scarce mindsets around the business model. But what happens when the US bans Bitcoin mining? It's just not going to happen, right? Bitcoin actually powers and stabilizes the energy grid. You have gas companies now investing in Bitcoin mining. Texas, Pennsylvania, Wyoming have already invested hundreds of millions of dollars into Bitcoin mining infrastructure. And Trump is a supporter of Bitcoin. Here's some articles I pulled up, right? America's first nuclear-powered Bitcoin mining center opened in Pennsylvania. And then you have Exxon mining Bitcoin to slash their emissions. These are some investors that we attract a lot of high net worth individuals that are mostly entrepreneurs, right? People that are making a lot of money in their fields. And they want write-offs, but they don't want to spend a lot of time trying to figure out a whole other business model. So they leverage us because we give it to them in one easy package. And then there's some additional benefits as well. I went over this before. There's no platform counterparty risk. KYC free, right? So you're not going to have to enter all your information and get backdoored to the SEC, the IRS, government organizations. and You dollar cost average over time. So you don't have to time the market anymore. You spend time more time in the market and you win when you become a long-term investor with a low time preference. You know, it's so much easier to beat traders just by literally switching to a long-term investor and just letting the asset do the work for you, right? Mining dollar cost averages for you in Bitcoin over four years, you'll catch all the highs and lows and a perfect example of an opportunity only miners get to take. is what happened when China banned Bitcoin mining back in 2021. We had 50% of the hash rate go offline in a day. So all of the miners before the difficulty adjustment adjusted for a two-week period, they were earning double the amount of Bitcoin, right? And you only get that if you were mining. And then finally, the tax write-off, right? You essentially get double gains. You get a huge write-off up front, which is going to offset your ordinary income. And then you get all the Bitcoin on the back end. Hey, if you're a business owner watching this video, taxes are likely your largest expense. We help business owners all over the country keep more of what they make with proper tax planning. If you're serious about keeping as much money from the government as legally possible, then book a free tax analysis call with our tax team by clicking the link in the description or tag comment below. Back to the video. So this is definitely for you to think about if you're a high income earner, if you're looking for passive income, 100% hands free, and you're looking to save money. on taxes this year. And last thing I would love to cover, Caleb, is just our tax safety precautions here, right? Like this is a sheet that we give all of our clients to hand to their, you know, either financial advisor or, you know, their family office or their accounting team, their tax strategy team. We show them exactly how to set up the business, right? So which LLC, you know, industry type they should be using, right, to qualify. uh material participation right we actually built out an app that they got to utilize so here's our are you helping them build out the llc um so we give them this paper we don't actually like create the llc for them they would just go and build it you know on legal zoom or have their accountant do it but we tell them which industry type the nics code uh you know where you know opening a bank account uh just some some precautions to to have with this business and then also we built this app. So this app will actually track your hundred hours of material participation, right? So we already have some like pre-populated things in here, like forming your LLC. You click on this, right? And you can say, you can follow these instructions and then you describe what you did, right? All accountants are going to tell you when you're a real estate professional opening a, you know, a Airbnb company, Hey, you know, keep a log of all your hundred hours that you're doing for active material participation. We went ahead and just went the extra mile and created a full log book for them. So as they track their hours, it's going to put up here the amount of hours that they got for the year, right? We also have education, right? Because if you don't hit that 100 hours mark… Then it's not technically an active business, right? It's not technically an active business, and then writing off the 100% depreciation would not. you wouldn't be able to do. Correct. It would be passive, right? So like they need to, you know, even though they're setting up a business, an LLC, a bank account, you know, they're spending a material amount of money on this business. They still also have to actively participate a hundred hours if they want to get all of these write-offs, right? Depreciation can only happen on an active business. So they do need to be tax compliant, right? And you know, we're not tax advisors. I'm not an accountant, but I want to make your life as easy as possible. I want to be able to integrate with as many accountants as possible. Because a lot of accountants are very, you know, like, what is this? You know, Bitcoin mining is way too crazy. I don't want my clients to do this. So after dealing with accountants for the past three years, we were like, you know what? Let's just give them this, right? We even created videos, right? Intro to Bitcoin mining basics, right? And these are all things that they're actively participating in learning about the business, right? We have onboarding calls. And, you know, every month when they're sending over the reports to their accountant, they're going to be able to track that. So we give them this tracking tool to help with their overall experience. So yeah, that's pretty much it from my side, man. And I'm more than happy to answer any questions. Yeah, no, first of all, thank you. Thank you for taking this on. If I take a step back, if there was no tax benefit to mining going through you, if I didn't get any benefit, would it still make sense mathematically? if Bitcoin stayed the same. Yeah. So these packages that I'm talking about right now, you wouldn't want to do it like this. If you're not worried about taxes, you want to be focusing on front loading the miners and selling off your Bitcoin to pay for electricity month to month. Right. So if you're doing it this way, this is like, I want a massive tax write off upfront. And that's like my main goal here. And then, you know, I care about the Bitcoin, but I'm a long term holder. So it's okay. You know, I'm not worried about ROI immediately. If you're worried about. no taxes and just profitability mining Bitcoin at a discount, then you want to go up to like a megawatt, right? A megawatt, you can get in a megawatt right now for like 1.7, 1.8 million, which gives you 208 miners. Okay. You have a full pod filled out. We do hydros for that. And you're going to pay your month to month electricity, your month to month electricity on 208 miners is probably around 60 K. And you're gonna be mining about $120,000 of Bitcoin a month. You pay your electricity with the Bitcoin you mine. And now you're netting 60 grand a month in Bitcoin, right? So that's what I would do if you're from Dubai or you're an investor that's coming to me from London, which I'm actually working with right now. There's an investor that was like, hey, just sold my business, do not care about taxes. I have a LLC in Dubai. He doesn't pay tax. And he's like, I just want to make profit in Bitcoin. I just want to mine Bitcoin for the long term. I want to mine because I know it's more profitable than buying spot. And that's what we suggested to him. So I would never steer you in the wrong direction, right? If you don't need a write-off, just go buy Bitcoin spot. If you're in a no-tax jurisdiction, go on an exchange and buy some Bitcoin, right? Or mine and sell month to month. But you're saying when you factor in the tax benefit, now that becomes different because you're getting a tax savings and you're acquiring Bitcoin. And when you factor that in, is there a certain tax benefit? I mean, I know you've used 37%. And again, I totally get that. Maybe you're in the state of California, you have to factor in state income tax, but that also to pay true 37% on all your tax, like you got to be making a lot of money. Is there a tax breakdown that you guys have done where you're like, if you make less than this, it's right on the line of making sense? Yeah, so I the reason why I start. our packages at 65 K, which is three miners, you know, with four years of electricity, everything all in is because, you know, I want it to be geared towards high net worth individuals that are going to have to pay 30 to 37%. Um, I haven't done like exact math and calculations, but I just believe that's what makes sense, right? I wouldn't suggest someone mine Bitcoin if they're making 40 grand a year. And mainly because one of the risks to this whole thing is you have a lack of liquidity. So it's like you have to like... You mentally have to be like, I'm putting this money and I'm not going to get it back. I doubt if someone needed money fast. I mean, there may be a way, but it's probably not ideal. And so do you need to be accredited to do this? I mean, obviously, it would potentially not make sense if you didn't meet that status. But do you have to technically be accredited to do this business? You technically don't have to be accredited. We gear our business at accredited investors, but anyone can start a mining business, right? You don't have to be accredited to do it. Are the miners insured that if something, God forbid, happens, tornado, whatnot, is there something covering that? There's facility insurance. There's not insurance on each individual miner unless you go and do that yourself. This is your business, right? And I have to always remember, we're helping you start your own mining company. We're just facilitating that process, and we're going to help make it easier for you. So you would want to get insurance for your business if that's something that you're worried about. On average, if someone does one of your middle-tier packages, they're working with their accountants, setting up their business and all. on average how much more What expense should they factor in upfront to start their business and then ongoing to make sure that their business is compliant? Yeah. So I guess it would just be more of like the bookkeeping, right? Your tax planning, how much your accountant is going to charge you for that, and then filing taxes for that business. But truly, we don't take anything more than what we charge you upfront in that initial contract. Yeah. And I know that some people could be aggressive and even probably say you could factor in more years of electricity, I think you guys are doing the right thing by saying, hey, that's a little aggressive. And so one year at a time. So I commend you for that. Yeah. And that's just the honest truth of the IRS. I want to go by the books, but I'm not going to lie. There are accountants that come in and just write off the entire thing. But I'm no tax advisor. I'm not a tax professional. So I can't advise that. We're just running our business and we're going to make sure we do everything right on our end. Um, but yeah, I can't control what the accountants do. Colin, is there any other common questions that come up when people talk to you or what? And then I obviously, if someone's interested in learning more, I'm what's their next step? Yeah. Yeah. So I would say, um, I think I covered mostly everything and I'm more than happy to answer any questions for you guys. You can reach out. I had my name right there at Colin Yerkeson on Instagram. Uh, I have all channels, YouTube, Instagram, Tik TOK, Twitter. um Next step would just be go to leveragemining.com. We have a few videos on there that gives an overview of the opportunity. You can click to book a call and you'll speak with someone close to me on my team. And that's going to be an account executive that's really going to look at what your tax liability is. Hopefully you have that projection for the year. We'll just make sure it makes sense for you, give you the options that we currently have available. And then from there, send out a contract and, you know, you'll talk to your tax advisor, your tax planner and see if that works for your plan for this year. OK, Colin, thank you. Thank you so much for your time. And I look forward to hearing the the feedback that we get from this. We I had Mark Moss on and our audience loved it. We also talked to someone who's starting the first Bitcoin life insurance company. That was super fascinating. And I really feel like this this episode talking about the value of Bitcoin, which is. is awesome. But I also think like a different angle, uh, is also like hats off for just you, you thinking through this and, uh, having a business do this. And I, I would encourage people if this piques your interest, continue to do your due diligence, uh, and do whatever you need to do to make sure that your, your tax team feels good with this. Um, and Colin, I appreciate it. Thank you, brother. Thanks so much for having me on man. Always.
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