Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy
Bitcoin Depot, North America's largest bitcoin ATM operator, has filed for Chapter 11 bankruptcy. The company cited stringent state regulations and a high-profile lawsuit over alleged facilitation of crypto scams as key factors in its financial decline. Bitcoin Depot's operations will be wound down in a court-supervised process after experiencing a significant drop in revenue and profit.
- ▪Bitcoin Depot filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas.
- ▪The company operated 9,276 bitcoin ATMs at its peak but has now taken its entire network offline.
- ▪Bitcoin Depot's revenue collapsed by 49% year-over-year, leading to a $9.5 million loss in the first quarter of 2026.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcyBitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.By Omkar GodboleUpdated May 18, 2026, 1:14 p.m. Published May 18, 2026, 6:55 a.m. 2 min readMake preferred on (John Paul Cuvinar/Unsplash/Modified by CoinDesk)What to know: Bitcoin Depot, once the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.The Atlanta-based company has blamed increasingly stringent state regulations and enforcement for making its business model unsustainable.Bitcoin Depot faces a high-profile lawsuit from the attorneys…
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