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The Rich Somers Report

How to Write Off Bitcoin — 100% Legally | Colin Yurcisin E425

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 18 November 2025

⏱️ 37 minutes

🧾️ Download transcript

Summary

Most entrepreneurs are overpaying the IRS simply because they don’t know the game. In this episode, we break down one of the wildest — and completely legal — tax strategies available to business owners right now: using Bitcoin mining equipment to get 100% bonus depreciation while stacking the best-performing asset of the last 15 years. Rich sits down with Colin Yurcisin to expose how Bitcoin mining actually works, why power is the new gold rush, how AI and data-center scarcity are driving Bit...

Transcript

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0:00.0

Hey guys, real quick, I'm going to be giving away a $1,000 built gift card and a pair of free tickets for you and a plus one to attend our holiday party this December 13th and an exclusive invitation to our private opening ceremony on the water, private chef, live music, and an opportunity to come hang with me and the team.

0:18.0

To enter to win, all you need to do is drop a five-star review and

0:21.3

rating on Apple Podcasts or Spotify, send a screenshot to giveaway at somerscapital.com, and we'll

0:27.8

be selecting lucky winners Monday, December 8th. Now back to the show. I mean, it's already

0:32.5

happening. It's a race to power right now. I think one of the best investments you can do is

0:36.2

buying the picks and the axes and the shovels around the AI infrastructure, right? So Navidia is the number one chip provider

0:42.3

in the world. It's the largest $5 trillion company right now. So that ship is kind of sailed. Maybe it goes

0:48.7

to $20, $40 trillion. It could with infinite money printing and where AI is going,

0:53.8

humanoid robots, rootaxies, right?

0:56.3

This is all happening.

0:57.7

You need to invest in this infrastructure and in the space.

1:00.7

How do you get available infrastructure investment?

1:03.7

You invest in the data centers, right?

1:06.5

And so there's companies like iron, cipher, nibus.

1:10.1

They're all getting deals with hyper-scalers

1:12.1

like Google, AWS, Microsoft, right? And they're just dishing out billions of dollars because

1:18.0

they don't have the power contracts that these Bitcoin miners have. They can get it in

1:22.3

2008, 2029. That's when it becomes available. But right now, there's nothing available.

1:27.2

So they're going to

1:27.7

pay for every gigawatt and megawatt of available power that's already contracted and ready to power.

1:33.4

They will all be purchased in the next year, year and a half. So that's why these stocks are going up

1:37.6

500 to 800% in a two-month period right now.

...

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