North America’s largest Bitcoin ATM operator, Bitcoin Depot, filed for Chapter 11 bankruptcy and shut down all of its machines on Monday. The company entered voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas on May 18. Bitcoin Depot will sell its assets and cease operations. Press release.
According to cryptocurrency reporter Molly White's newsletter, Bitcoin Depot’s revenue fell 49 percent from 2025 to 2026, and the company posted a net loss of $9.5 million over the past year. Bitcoin Depot's website lists 143 bitcoin ATMs throughout Austin. Bitcoin Depot has hundreds of other now non-operable ATM machines in other major Texas cities.