Bitcoin Depot Purchases Roughly 2,300 Kiosks to Meet Increased Retailer Demand
Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: GlobeNewswire
ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot (“Bitcoin Depot” or the “Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced the purchase of approximately 2,300 Bitcoin ATMs. The Company plans to strategically deploy these kiosks as part of its ongoing expansion efforts throughout 2024 and beyond. The purchase of approximately 2,300 Bitcoin ATMs comes at a greater than 50% discount in cost per-kiosk compared to the Company's typical per-kiosk cost. The majority of the kiosks are scheduled to be delivered to Bitcoin Depot over the next two quarters. This purchase will bring the total number of kiosks in Bitcoin Depot`s fleet to over 10,000 kiosks after all of these kiosks are delivered. This rapid expansion of the Bitcoin Depot fleet helps the company meet the growing demand from retailers for its Bitcoin ATMs. Year to date, in 2024, Bitcoin Depot has signed over 2,000 new retail locations. “This purchase will ex
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News
- Bitcoin Depot Inc. (NASDAQ: BTM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Gateway Group Awarded Highest Honor by Hermes Creative Awards in Strategic Public Relations Category for Client, Bitcoin Depot [Yahoo! Finance]Yahoo! Finance
- Bitcoin Depot Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Bitcoin Depot Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Bitcoin Depot Schedules First Quarter 2024 Conference Call for Tuesday, May 14th at 10:00 am ETGlobeNewswire
BTM
Earnings
- 11/13/23 - Miss
BTM
Analyst Actions
- 5/14/24 - HC Wainwright
BTM
Sec Filings
- 5/14/24 - Form 8-K
- BTM's page on the SEC website