Digital Power Network Applauds Treasury Guidance Exempting Bitcoin From CAMT
FOR IMMEDIATE RELEASE
Washington, D.C. — The Digital Power Network (DPN), the largest coalition of U.S. Bitcoin miners representing over 75% of America’s hash rate, today celebrated a major policy victory for Bitcoin and U.S. competitiveness.
The U.S. Treasury Department has issued new guidance confirming that unrealized gains on digital asset holdings will not be subject to the Corporate Alternative Minimum Tax (CAMT). This long-awaited clarification prevents billions of dollars in “phantom” tax liabilities that would have penalized American companies for simply holding Bitcoin on their balance sheets.
“From day one, the Digital Power Network has led the charge against this deeply flawed provision,” said Hailey Miller, Director of Government Relations & Public Policy at DPN. “Taxing unrealized Bitcoin gains under CAMT would have punished innovation, driven companies offshore, and put the U.S. at a global disadvantage. Treasury’s decision today is a victory for common sense, and for American leadership in digital assets.”
Created under the Inflation Reduction Act of 2022, the CAMT imposed a 15% minimum tax on corporations with more than $1 billion in annual income, calculated using financial statement income rather than taxable income. Because of recent accounting changes, companies were required to “mark-to-market” digital assets, recording unrealized gains on paper. Without relief, those paper gains would have triggered massive CAMT tax bills despite no actual sale of assets.
DPN, in coordination with the Digital Chamber, has consistently opposed this treatment, submitting comment letters, engaging with Treasury and congressional offices, and mobilizing industry voices. The network worked closely with policymakers such as Senator Cynthia Lummis (R-WY) and Senator Bernie Moreno (R-OH), who called on Treasury to fix this issue earlier this year.
“This outcome shows what’s possible when the industry is unified,” Miller continued. “Our coalition of miners, innovators, and energy partners spoke with one voice, and Washington listened. This is a turning point for Bitcoin policy, one that strengthens U.S. leadership and global competitiveness.”
About the Digital Power Network (DPN):
The Digital Power Network (DPN) is the largest coalition of Bitcoin miners and digital infrastructure leaders in the United States, representing over 75% of domestic Bitcoin hash rate. DPN advocates for policies that promote energy innovation, grid resilience, economic development, and the strategic role of digital assets in the 21st-century economy.