Crypto ATM Operator Bitcoin Depot Revenues $135.30 million in Third Quarter
Atlanta-based crypto ATM maker Bitcoin Depot released earnings data showing that the company's third quarter revenue was $135.30 million, down 25 percent from $179.50 million in the third fiscal quarter of 2023. The company also reported holding more than $1.31 million in cryptocurrency. According to the company's website, Bitcoin Depot has about 16,700 sites in the United States, Canada, and Australia.
In August 2022, Bitcoin Depot went public at a valuation of $885 million. The company's Class A common stock (ticker symbol BTM) is trading on NASDAQ and is valued at $1.99 as of 4:22 PM EST on November 15. Currently, its market cap is around $118.20 million.