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News Explorer — Bitcoin Depot ATM Firm Sees Profit Surge in Q2

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Aug 12, 4:38 pm
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Bitcoin Depot ATM Firm Sees Profit Surge in Q2

Bitcoin Depot reported a $12.3 million profit in the second quarter, with a 183% increase attributed partly to the rise in the value of its Bitcoin holdings. The company's revenue rose 6% year-over-year to $172 million, driven by increased kiosk deployment and larger transaction sizes.

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