Abundant Mines

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Location United States

Business Description

Abundant Mines, a Bitcoin mining colocation and hosting company founded in 2023 and headquartered in Bend, Oregon, provides fully managed turnkey mining services to individual investors powered by 100% renewable hydroelectric energy from the Bonneville Power Administration.

Co-founded by CEO Beau Turner, who holds a degree in Engineering Management from Southern Methodist University, and Christine Turner, whose background spans operations and systems design, the company was built in response to a reported $500,000 loss the founders sustained at a fraudulent mining operator. That experience defines the firm's structural commitments: verified client ownership of each machine by serial number, direct mining-pool dashboard access, and zero revenue share. All mined Bitcoin flows to the client's wallet from the pool of their choosing.

The hosting model is all-inclusive: a single flat monthly fee covers electricity, hardware parts, labor, and proactive maintenance. Hardware entry starts at $10,000, bundling equipment and first-year power costs. Facility power is sourced from the Bonneville Power Administration's surplus hydroelectric grid under fixed-rate contracts, providing cost predictability across market cycles. Oregon's absence of state sales tax reduces upfront equipment expense, and mining hardware qualifies for 100% first-year bonus depreciation, a tax benefit Abundant Mines incorporates into its investor education and consultation program.

In December 2024, Abundant Mines introduced Hashrate Redirect™, a proprietary downtime-compensation mechanism the company holds as industry-exclusive. When a client's machine goes offline for repairs or RMA, the system automatically substitutes equivalent hashrate from Abundant Mines' own operational fleet to the client's pool, preserving block-reward continuity. Over the program's first 365 days, Hashrate Redirect™ covered more than 10 significant downtime incidents, managed more than 1.5 exahashes per second (EH/s) of client hashrate, and shielded approximately $20 million in client Bitcoin rewards, per a December 2025 PR Newswire release covered by Bitcoin Magazine and TheStreet. Historical uptime across the managed fleet runs 98, 99% against a contractual guarantee of 95%.

As of early 2026, Abundant Mines serves more than 1,376 clients. Abundant Mines owns and operates its own facility infrastructure without third-party brokers, assigns a dedicated Client Success Lead to each account, and stores original OEM packaging to support hardware resale value. Residual heat from mining equipment is redirected to greenhouse food-production projects in rural Pacific Northwest communities during winter months. The Pacific Northwest's natural climate reduces mechanical cooling requirements.

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