Bitcoin ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy
Bitcoin Depot, a leading operator of cash-to-Bitcoin ATMs in North America and Australia, has filed for Chapter 11 bankruptcy amid declining revenue and profitability. The company reported a 49% year-over-year drop in Q1 2026 revenue and shifted from a $12.2 million net profit to a $9.5 million loss due to regulatory challenges and the slump in Bitcoin prices.
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Topics: ATM operator Bitcoin Chapter 11 bankruptcy cryptocurrency