🚨 Bitcoin Depot has filed for Chapter 11 bankruptcy protection and shut down more than 9,000 Bitcoin ATMs across North America.
CEO Alex Holmes said stricter regulations, transaction limits, rising lawsuits, and state-level restrictions made the Bitcoin ATM business increasingly difficult to operate.
The company reported:
A 49.2% YoY revenue decline in Q1 2026
A $9.5M net loss, compared to $12.2M profit a year earlier
📊 Why it matters: The shutdown removes one of the largest retail cash-to-Bitcoin access networks and could increase expectations for tighter compliance and regulation across the crypto ATM sector.