> I don't get why it doesn't mention if there are any other (standard) methods of depreciation accounting that are more realistic for this kind of asset Of cou

> I don't get why it doesn't mention if there are any other (standard) methods of depreciation accounting that are more realistic for this kind of asset Of course there are, and they should actually be using them. But then fundraising would be harder. They are cheating on accounting, in order to raise equity capital, and hoping that the price of bitcoin will go up in the future and cover the losses.