Bitcoin Depot files for Chapter 11 bankruptcy amid strict regulations
Bitcoin Depot, the largest Bitcoin ATM operator in North America, has filed for Chapter 11 bankruptcy protection. The company is shutting down all 9,000 of its machines after experiencing a nearly 50% drop in revenue. Regulatory challenges, particularly in California, have significantly impacted its business model.
- ▪Bitcoin Depot filed for Chapter 11 bankruptcy protection on May 18, 2026.
- ▪The company is pulling all 9,000 of its Bitcoin ATMs offline across 47 states.
- ▪Revenue fell nearly 49% year over year, resulting in a $9.5 million loss.
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Bitcoin Depot files for Chapter 11 bankruptcy amid strict regulations North America's largest Bitcoin ATM operator takes all 9,000 machines offline after revenue collapses nearly 50% and California's withdrawal caps squeeze the business model. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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