BitcoinDepot

Bitcoin Depot – the operator of the largest Bitcoin ATM network in North America – just announced its financial results for the first quarter of 2025 with many positive signals, helping the stock to rise sharply after a long decline. But is this a sustainable revival or just a 'jump during a dying moment'?

Unexpected profit after a period of losses

After the first quarter of 2025, #BitcoinDepot reported a profit of 12.2 million USD, a complete turnaround from a loss of 4.2 million USD in the same period last year. Revenue increased by 19% compared to last year, reaching 164.2 million USD, thanks to the deployment of more ATMs and a higher average transaction scale.

In a controversial ruling, the Iowa Supreme Court sided with the operator of the Bitcoin Depot crypto ATM, ordering the return of $28,000 seized in fraud cases – not to the victims but to the company itself.

Money was stolen, but not refunded

The latest ruling from the Iowa Supreme Court overturned the decision of the lower court, which had previously ordered refunds for two victims of scams that occurred in July 2023 and February 2024. In both cases, the victims were tricked into transferring a total of $28,000 through the ATM located in Linn County.