Bitcoin Depot Inc. Warrant - BTMWW STOCK NEWS

Bitcoin Depot (Nasdaq: BTM), a leading U.S.-based Bitcoin ATM operator and fintech company, is set to present at the 2024 Annual Gateway Conference in San Francisco. The presentation is scheduled for September 5th at 11:30 a.m. PT at the Four Seasons Hotel. Investors can access a live webcast and replay of the presentation online.

In addition to the main presentation, Bitcoin Depot will be available for one-on-one meetings throughout the conference. This event provides an opportunity for investors to gain insights into Bitcoin Depot's operations and future plans. Interested parties can request an invitation or schedule meetings by emailing conference@gateway-grp.com.

Bitcoin Depot reported Q2 2024 financial results, showing significant growth in key metrics. Revenue reached $163.1 million, up 18% from Q1 2024. Net income expanded to $4.4 million, a 203% increase from Q1's net loss. The company exceeded its goal of 8,000 active Bitcoin ATMs five months ahead of schedule, with 8,180 kiosks deployed. Cash flow from operations was strong at $10.1 million for Q2.

Other highlights include a partnership with Nouria Energy, a Bitcoin treasury strategy, and the sale of 200 additional BTM kiosks to Sopris Capital. Despite these positives, revenue was down 17% year-over-year, and Adjusted EBITDA decreased 36% to $12.7 million compared to Q2 2023. The company maintains a strong cash position with $43.9 million in cash and cash equivalents at the end of Q2 2024.

Bitcoin Depot (NASDAQ: BTM) has expanded its BDCheckout program to six new states: Alaska, Arkansas, Illinois, North Carolina, Oregon, and Texas. This expansion increases the program's coverage to 31 states and adds over 1,500 new locations, bringing the total BDCheckout locations to 7,723. The program allows customers to load cash into their Bitcoin Depot digital wallets at major retail partners' cash registers.

CEO Brandon Mintz emphasized the company's mission to make cryptocurrency accessible to everyone. This expansion follows recent achievements, including exceeding 8,000 Bitcoin ATMs ahead of schedule and expanding to Australia and Puerto Rico. Bitcoin Depot continues to lead as the largest BTM operator in North America, focusing on innovative solutions to bridge cash and digital currencies.

Bitcoin Depot, a leading U.S.-based Bitcoin ATM (BTM) operator and fintech company, has scheduled its second quarter 2024 earnings conference call for Tuesday, August 13th at 10:00 am ET. The company plans to release its financial results for the quarter ended June 30, 2024, before the market opens on the same day. Investors can join the call via phone or listen to the live audio webcast. A replay of the call will be available from 2:00 pm ET on August 13 through August 20, 2024. This announcement provides an opportunity for shareholders and analysts to gain insights into Bitcoin Depot's financial performance and future outlook.

Bitcoin Depot (NASDAQ: BTM), a leading U.S.-based Bitcoin ATM operator, has surpassed its goal of deploying 8,000 Bitcoin ATMs five months ahead of schedule, with a total of 8,180 kiosks installed. This achievement underscores the company's market dominance and accelerated growth. Key highlights of Bitcoin Depot's expansion in 2024 include:

• Expanding into Australia and Puerto Rico with nearly 225 new ATMs
• Partnering with major convenience store brands
• Increasing its BTM fleet by over 900 kiosks
• Advancing its profit-sharing program
• Adopting a Bitcoin treasury strategy

The company's success has been recognized through various accolades, including Forbes 30 Under 30 and Deloitte's 2023 Technology Fast 500.

Bitcoin Depot (NASDAQ: BTM), a leading U.S.-based Bitcoin ATM operator, has announced the sale of 200 additional BTM kiosks to Sopris Capital through its profit-sharing program. This follows Sopris' initial purchase of 50 kiosks in March, bringing their total to 250 kiosks. The program, launched in 2023, aims to expand Bitcoin Depot's North American presence by offering deployment opportunities to qualified partners.

The profit-sharing program provides partners with a comprehensive package including kiosk use, operating software, shipping, installation, ongoing support, and a passive income stream through monthly profit splits. Sopris Capital's increased investment highlights the attractiveness of Bitcoin Depot's strategy and growth potential. Bitcoin Depot's CEO, Brandon Mintz, expressed enthusiasm about deepening the partnership with Sopris Capital.

Bitcoin Depot (NASDAQ: BTM), a leading U.S.-based Bitcoin ATM operator, has announced plans to allocate a portion of its cash reserves to Bitcoin (BTC). This strategic move follows the Accounting Standards Update (ASU) 2023-08, allowing companies to record gains on cryptocurrencies. CEO Brandon Mintz emphasized the company's belief in Bitcoin as a significant financial asset and highlighted the benefits for shareholders from potential BTC appreciation.

The plan aligns Bitcoin Depot with institutions viewing cryptocurrency as a hedge against inflation and a strategic growth asset. The company currently holds the largest market share in North America with over 7,400 Bitcoin ATM locations. Recent milestones include partnerships with major grocery chains, a new profit share program, and expansions into Puerto Rico and Australia.

Bitcoin Depot (NASDAQ: BTM) has partnered with Nouria Energy, a prominent convenience store operator in the northeastern U.S., to install 57 Bitcoin ATM kiosks starting Q2 2024. This collaboration targets Massachusetts, Maine, and New Hampshire locations. Bitcoin Depot, a leading fintech firm, aims to enhance crypto accessibility through strategic retail partnerships. The company has seen significant growth in early 2024, securing its first grocery chain partnership, acquiring 2,300 kiosks, and expanding into Australia and Puerto Rico. Bitcoin Depot now boasts the largest fleet of BTMs in North America, with over 8,000 locations.

Bitcoin Depot reported its Q1 2024 financial results, highlighting significant expansion and financial metrics. The company secured over 2,000 new retail locations and committed to acquiring 3,200 additional kiosks, aiming for 8,000 deployed kiosks by the end of 2024. Revenue for Q1 2024 was $138.5 million, a 15% decrease from $163.6 million in Q1 2023. Gross profit dropped 26% to $14.4 million, with a net loss of $4.2 million compared to a net income of $6.1 million in Q1 2023. Adjusted EBITDA fell to $4.9 million from $13.6 million in Q1 2023. Despite these declines, the company reported a 1% revenue increase to $663.9 million over the trailing twelve months, with a 29% rise in gross profit to $83.4 million and a gross profit margin improvement to 12.6%.

Recent business highlights include international expansion into Puerto Rico and Australia and a new partnership with Fareway grocery stores. Bitcoin Depot remains focused on growing its market presence and optimizing profitability. A conference call is scheduled for May 14, 2024, at 10:00 a.m. ET to discuss these results further.