3 · Projected Client Returns — at current BTC price & difficulty
—
Net profit / year before halving (next 18 mo)
—
Net profit / year after halving (remaining 42 mo)
—
Net profit / 5 years*
—
5-year ROI*
Payback period: —
*Includes 30% hardware residual value. Client share: 80% of net profit; Dataprana share: 20%.
Figures reflect the current-market base case; full scenario range below.
Halving assumption. The next Bitcoin halving is expected in about 18 months (around April 2028), cutting the
block reward in half. Profit is shown at today's rate for the first 18 months; for the remaining 42 months net profit
is modelled about 30% lower. This assumes the network difficulty eases by roughly 10% and the BTC price rises strongly
after the halving, but not by enough to fully offset the halved reward.
4 · BTC Price Scenarios — 60-Month Outlook
Scenario
BTC price
Profit / yr before halving
Profit / yr after halving
Payback
5-yr profit*
5-yr ROI*
5-Year Net Profit by Scenario (incl. residual value)
5 · Tax Optimization
Bonus depreciation deduction—
Assumed tax rate30%
Estimated tax savings—
Applies to both new and used equipment
Qualifies as passive business income
Non-passive treatment possible, subject to active participation; limits apply
100% CapEx owned by the client
Consult your tax advisor regarding eligibility.
For informational purposes only. Not financial, investment, or tax advice. Projections are estimates based on the
assumptions stated above; actual results may vary with BTC price, network difficulty, and operating conditions.
Historical performance does not guarantee future results.
dataprana.io
DATAPRANA
Why Now — Cycle Position & Hardware Cost Window
Companion page to the mining proposal · Market data as of August 2026
Two independent windows, open at the same time Asset cycle + hardware supply glut
1 · Where Bitcoin sits in the four-year cycle
$64,194
August 2026
-49%
below the all-time high of $126,198 (6 Oct 2025)
~364 days
top-to-bottom duration in both prior cycles
Sep-Dec '26
bottom window indicated by cycle analysis
Observed pattern, not a forecast: Dec '17 to Dec '18 (364 days) and Nov '21 to Nov '22 (371 days)
contractions, each followed by roughly 35 months of expansion.
2 · Hardware market — a structural dislocation
127.5 T
network difficulty -18.3% from Nov '25 peak
911 EH/s
network hashrate 7-day avg, down from 1.13 ZH/s
$31.73
hashprice, $/PH/s/day 10 August 2026
32,000+ BTC
sold by public miners in Q1 2026 alone
Why fleets are hitting the market
Large public miners are re-purposing power to AI / HPC:
Hut 8 — $26.6B contracted AI portfolio
Core Scientific — ~1.1 GW leased to AI tenants
TeraWulf — AI revenue overtook mining in Q1 '26
HIVE Digital — $2.55B AI "super factory" build
As they convert capacity, current-generation fleets are sold off in bulk rather than redeployed.
What that does to entry economics
Difficulty sits 18% below its November 2025 peak — every EH/s that leaves the
network raises revenue per TH for the machines that stay.
S21XP 270T manufacturer price: $17 per TH
Dataprana allocation: $7.50 per TH
56% below manufacturer price
Bulk allocations are negotiated, never publicly listed.
3 · The convergence
1. Both inputs are cheap at the same time.
The machine price and the BTC price are each at their weakest point of this cycle. Historically that overlap has
occurred only around cycle lows — expansion phases price hardware and coin up together.
2. A thinner network means a larger share.
Fleet exits pull difficulty down, so each TH earns more BTC. Hardware deployed now starts producing into a
contracting network rather than competing against a record one.
3. The asset runs five years; the price is set today.
Entry cost is fixed at purchase; the revenue curve runs across the whole cycle. Cost basis set near the low is
what carries the return through the expansion.
For informational purposes only. Not financial, investment, or tax advice. Cycle analysis is a description of past
market behaviour and does not predict future prices; past performance does not guarantee future results. Hardware
availability and pricing are subject to change and to confirmation at the time of order.