If you walked up to a Bitcoin Depot kiosk in a gas station or convenience store this morning, you noticed something off. The screen was dark, or the machine was running but refused to do anything.
Bitcoin Depot, until today the largest bitcoin ATM operator in North America, filed for Chapter 11 bankruptcy in a Texas federal court on Monday and yanked every single one of its 9,000-plus machines offline at the same time. The Atlanta-based company trades on the Nasdaq under the ticker BTM, and its Canadian subsidiaries are wrapped into the same court proceedings. Management says it will wind down operations and sel...
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