Bitcoin Mining Belongs in a Modern Corporate Treasury

Bitcoin is now a strategic reserve asset. This article explains how mining, not just buying, can turn BTC into productive infrastructure with depreciation, cashflow and treasury benefits.

Oct 2, 2025

It is safe to say that by 2025, Bitcoin is no longer just a retail speculation. More than 1 million BTC now sit on corporate balance sheets, with public companies alone controlling over 4–5% of total supply. Software firms, miners, exchanges and even listed “Bitcoin treasury companies” are using BTC as a strategic reserve asset.

Most of them got there one way: they bought the asset on an exchange. But there is a second, increasingly attractive route that companies and financial institutions are exploring:

Instead of only buying Bitcoin on the market, build part of your treasury by mining it.

Done correctly, mining turns Bitcoin from a volatile line item into a productive treasury asset backed by hardware, infrastructure and cashflow.


1. Mining Turns BTC from a Passive Position into a Productive Engine

Buying BTC is a binary action: you pick a price, allocate capital, and hope you were early enough. Mining works differently:

  • You allocate capital into ASIC hardware & hosting.

  • That hardware produces a stream of BTC over several years.

  • The economics are defined by:

    • electricity and hosting costs,

    • hardware efficiency,

    • and the BTC price and network difficulty.

Recent market analyses show that for modern, efficient miners hosted at competitive power prices, a typical payback period in 2025 is around 18–24 months, with more aggressive setups reaching 10-14 months in favourable conditions. That means:

  • For the company, mining capex is not open-ended. It’s a project with a target payback window and a defined useful life.

  • For equity investors in a mining infrastructure business, each “cohort” of machines has a project-like ROI, not the 7-10 year uncertainty of a typical startup.

Kryptoberg is built around exactly this logic: curated hardware & affordable green power & disciplined operations to keep that payback window realistic.


2. Hardware You Can Depreciate, Costs You Can Deduct

From a corporate finance perspective, mining has one big advantage over simply buying BTC:

You’re not just buying an asset; you’re buying equipment and services.


In many jurisdictions (always subject to local tax advice):

  • ASIC miners can be capitalised and depreciated over their useful life (e.g. 3–4 years).

  • Electricity and hosting are operating expenses, reducing taxable profit.

  • The BTC you mine adds to your treasury at production cost, not just at market entry price.

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Contrast that with a pure “treasury buy”:

  • You purchase BTC at market price.

  • The entire exposure is mark-to-market and path-dependent.

  • There is no physical asset to depreciate and no operational cost base to offset.


Public miners demonstrate how powerful this capex/opex mix can be. For example, Marathon Digital (now MARA Holdings), one of the largest listed miners, reported average energy costs per mined BTC around $39,000 in 2025, even as global averages pushed much higher. Efficient miners with good power deals can sit well below spot prices – and corporations can mirror that logic at smaller scale via hosted setups. Kryptoberg’s role is to make this structure accessible to non-mining corporates:

  • You own or co-own the hardware.

  • We operate it in low-cost locations with all-in power in a competitive band.

  • You get both hardware on the books and BTC flowing into treasury.



3. Strategic Benefits for Companies and Financial Institutions

For a company CFO, family office or fund manager, mining can serve three strategic purposes:


a) Diversified BTC acquisition

Instead of deploying 100% of capital into spot BTC at today’s price, a company can:

  • allocate a portion to immediate spot purchases, and

  • allocate another portion to mining infrastructure that produces BTC over time.

This diversifies entry timing and creates a “ladder” of BTC inflows into the treasury, instead of a single all-in bet.


b) Treasury resilience and optionality

With mining:

  • You are less dependent on exchange liquidity and counterparty risk.

  • You can choose when to sell mined BTC (if at all), depending on cash needs and market conditions.

  • You maintain exposure to Bitcoin’s upside while building a track record of operating real-world infrastructure – something regulators and stakeholders often understand better than pure speculation.


As of 2025, more than 160+ public companies and many private firms now hold BTC as “digital property” on their balance sheets. Mining simply formalises that into an operating strategy, not just a treasury line.


c) Institutional narrative: from “crypto” to “yielding digital infrastructure”

For financial institutions, pension funds, insurance firms or banks, directly buying and holding BTC can be politically or regulatorily sensitive. Investing into:

  • mining infrastructure projects, or

  • an operating company like Kryptoberg,


can be framed instead as:

  • infrastructure and equipment financing,

  • yield-generating projects with 18–24 month payback windows,

  • and a structured way to gain indirect BTC exposure backed by real assets.

That narrative fits much better into an institutional investment committee’s framework than “we bought some coins”.


4. Where Kryptoberg Fits

Kryptoberg is designed to sit at the intersection of these needs:

  • For operating companies (SMEs, mid-caps):


    • We provide curated ASIC hardware and hosting in cheap-power locations,

    • with clear contracts and regular BTC payouts to your corporate wallet,

    • plus a structure your accountants can work with: hardware, depreciation, opex.


  • For financial institutions and investors:


    • We are building an investable infrastructure platform where each hardware cohort has a defined ROI profile,

    • rather than a pure “number go up” story,

    • with capital cycles that can be modelled in the familiar 2–3 year payback frame.


In a world where many tech, AI and crypto ventures have no clear path to profitability, Bitcoin mining – done with discipline – is one of the few places where a 2-year payback is not marketing, but a realistic planning assumption (with all the usual caveats about price and difficulty).


5. Questions Every Company Should Ask Before Mining

Mining is not automatically “better” than buying BTC. It becomes attractive when a few questions have good answers:

  • Are we comfortable holding BTC on our balance sheet at all?

  • Do we prefer a stream of BTC over time instead of a single large spot allocation?

  • Can we work with a partner who provides cheap, stable power and modern ASICs, rather than improvising on our own?

  • Does a 2–3 year project ROI on hard assets fit our risk and planning horizon?


If the answer to these is “yes” or “maybe”, mining deserves a place in your treasury and infrastructure discussions. Kryptoberg exists to make that conversation simple: few devices, best locations, clear economics – for companies that want to build a Bitcoin position in a way that finance teams and investors can actually model.

Kryptoberg

We provide institutional-grade access to the digital asset mining, high-performance infrastructure to fuel the world's most transformative technologies.

Mining performance and returns depend on network difficulty, market conditions and operating costs. Cryptocurrency mining involves risk and does not guarantee profits.

© 2026 Kryptoberg. All Rights Reserved

Kryptoberg

We provide institutional-grade access to the digital asset mining, high-performance infrastructure to fuel the world's most transformative technologies.

Mining performance and returns depend on network difficulty, market conditions and operating costs. Cryptocurrency mining involves risk and does not guarantee profits.

© 2026 Kryptoberg. All Rights Reserved

Kryptoberg

We provide institutional-grade access to the digital asset mining, high-performance infrastructure to fuel the world's most transformative technologies.

Mining performance and returns depend on network difficulty, market conditions and operating costs. Cryptocurrency mining involves risk and does not guarantee profits.

© 2026 Kryptoberg. All Rights Reserved