What this brief covers
Structures that pencil
SPV or JV carve-outs with aligned incentives, custody, and audit-ready reporting flows.
Depreciation & tax
Ownership models and accelerated depreciation options where applicable. Clean books.
Risk layering
Operational, regulatory, counterparty, and price risk handled in the structure—not hand-waved.
Hedging choices
When to hedge, when to stack sats, and how to communicate risk posture to stakeholders.
Reporting cadence
On-site metrics, uptime, emissions reduction (MRV), revenue, and service activity.
Partner diligence
What we look for in producers and miners; why certain sites are “no, thanks.”
Get the brief
A clear overview to bring to your IC: structure, controls, and reporting.