Core Viewpoint - Bitcoin Depot Inc. is expanding its presence by deploying 50 additional Bitcoin ATMs in partnership with a convenience store operator in the Texas Panhandle, enhancing access to Bitcoin for local communities [1][2]. Company Overview - Bitcoin Depot Inc. is a leading Bitcoin ATM operator in North America, founded in 2016, with a mission to connect cash users to the digital financial system [4]. - As of December 5, 2024, the company operates approximately 8,486 kiosk locations across 48 states, holding the largest market share in North America [4]. Recent Developments - The partnership aims to meet the growing demand for convenient cryptocurrency access, particularly in high-traffic retail locations [2]. - Bitcoin Depot has achieved significant milestones, including exceeding its goal of deploying over 8,000 Bitcoin ATMs five months ahead of schedule and expanding its BDCheckout Program to six new states, as well as entering markets in Australia and Puerto Rico [2]. User Experience - Bitcoin Depot ATMs are designed for a seamless user experience, allowing customers to quickly convert cash into Bitcoin for various financial activities such as payments, transfers, remittances, and investments [3].

Core Insights - Bitcoin has surpassed its all-time price peak of $100,000, reflecting growing global confidence in Bitcoin as a financial asset and increasing demand for accessible crypto solutions [1][2] - The year 2024 has been significant for the cryptocurrency industry, marked by advancements such as the approval of the first Bitcoin spot ETFs and rising institutional adoption, indicating cryptocurrency's expanding role in the financial landscape [2] Company Overview - Bitcoin Depot Inc. operates over 8,300 Bitcoin ATM kiosks across North America and Puerto Rico, establishing itself as a leading player in facilitating crypto adoption [3][5] - The company has achieved key milestones, including expanding its BDCheckout Program to six new states and forming strategic retail partnerships with major convenience and grocery store retailers [3] User Experience and Market Trends - Bitcoin Depot aims to provide secure and convenient access to cryptocurrency through its BTMs, allowing users to quickly convert cash into Bitcoin for various financial activities [4] - The increasing momentum of Bitcoin is attracting new users to the market, with many opting for BTMs for their ease of use and security [4]

Financial Data and Key Metrics Changes - Third quarter revenue declined 25% year-over-year to $135.3 million compared to $179.5 million in the same quarter last year, primarily due to unfavorable legislation in California and regulatory changes in other states [15][12]. - Adjusted gross profit decreased 17% to $22.4 million, while adjusted gross margin increased by 160 basis points to 16.6% [17][15]. - GAAP net income increased 116% to $2.3 million, driven by lower operating expenses [19]. - Adjusted EBITDA decreased to $9.2 million, reflecting lower revenue [19]. - Operating cash flow for the first nine months of the year was $17.25 million, with $5.8 million generated in Q3 2024 [13][21]. Business Line Data and Key Metrics Changes - The company ended the quarter with approximately 8,300 active machines, reflecting successful kiosk network growth [7]. - The profit share program expanded by 433 Bitcoin ATMs since the start of Q3, totaling over 1,000 ATMs in the program [9]. - Median transaction size continues to rise year-over-year, indicating improved performance in relocated kiosks [8]. Market Data and Key Metrics Changes - The company is preparing for international expansion, with over 300 kiosks shipped for an upcoming launch in Australia [10]. - The company is actively pursuing opportunities in New York State, which remains a significant growth market [11]. Company Strategy and Development Direction - The growth plan focuses on international expansion, deploying remaining kiosks from inventory, and pursuing regulatory approval in New York [10][11]. - The company aims to optimize its operations for profitability and positive cash flow, with a potential cash dividend for shareholders in 2025 [13][22]. Management's Comments on Operating Environment and Future Outlook - Management views 2024 as the low point for the business, with expectations for growth ahead [12]. - The company is optimistic about the regulatory environment becoming less harsh, which could benefit operations [26][27]. - Management is focused on improving vendor pricing, lowering professional costs, and optimizing customer markups to drive profitability [23]. Other Important Information - The company holds 11.3 Bitcoin in its investment wallet as of the end of Q3 2024 [14]. - The company is exploring the best ways to utilize cash to create shareholder value, including the potential for a cash dividend [13][22]. Q&A Session Summary Question: Outlook for the Bitcoin ATM industry in the U.S. from a regulatory standpoint - Management believes the cryptocurrency industry will face less harsh regulations under the new administration, which could positively impact operations [26][27]. Question: Update on the Bitcoin treasury strategy - The company is excited about its Bitcoin treasury and is focused on paying off preferred dividends before considering expanding the treasury [28][29]. Question: Productivity ramp of new kiosks - Management confirmed that new kiosks are ramping up in volume as expected, with median performance in the first 90 days averaging around $2,000 [32][34].

ATLANTA, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the third quarter ended September 30, 2024. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com. “During the third quarter, we made significant strides in expanding our Bitcoin ATM network whil ...

ATLANTA, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. ("Bitcoin Depot" or the "Company") (Nasdaq: BTM), a U.S.-based Bitcoin ATM operator and leading fintech company, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4th and 5th at the Four Seasons Hotel in San Francisco, CA. Bitcoin Depot is scheduled to present on Thursday, September 5th at 11:30 a.m. Pacific Time (PT). The presentation will be webcast live and available for replay here. In addition to th ...

Bitcoin Depot Inc. (BTM) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.69 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -533.33%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.25, delivering a surprise of -212.50%. Over the last four quarters, the company has not been ab ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41305 Bitcoin Depot Inc. (Exact name of registrant as specified in its charter) Delaware ...

Bitcoin Depot Inc. (NASDAQ:BTM) Q2 2024 Results Conference Call August 13, 2024 8:00 AM ET Company Participants Cody Slach - Gateway Group Brandon Mintz - Chief Executive Officer Glen Leibowitz - Chief Financial Officer Scott Buchanan - Chief Operating Officer Conference Call Participants Mike Colonnese - H.C. Wainwright Harold Goetsch - B. Riley Securities Mike Grondahl - Northland Securities Pat McCann - Noble Capital Markets Operator Good morning, and welcome to Bitcoin Depot's Second Quarter 2024 Confer ...

Revenue of $163.1 Million With a Significant Expansion in Net Income to $4.4 Million Compared to Q1 2024 Exceeded Goal of Having Over 8,000 Active Bitcoin ATMs Five Months Ahead of Schedule ATLANTA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. ("Bitcoin Depot" or the "Company"), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the second quarter ended June 30, 2024. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An ear ...

ATLANTA, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. ("Bitcoin Depot" or the "Company") (NASDAQ:BTM), a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, announced today the expansion of its BDCheckout program into six new states: Alaska, Arkansas, Illinois, North Carolina, Oregon, and Texas. This expansion increases the total footprint of BDCheckout to 31 states, allowing even more customers to conveniently load cash into their Bitcoin Depot digital wallets at major retail partn ...