ChainCatcher news, according to Cointelegraph, crypto ATM company Bitcoin Depot achieved revenue of $197.5 million in the second quarter of 2023, a year-on-year increase of 18%. Bitcoin Depot plans to increase the number of Bitcoin ATMs and expand its market share after listing on Nasdaq.

The company also reported a net loss of $6.1 million, a decrease of 249% year over year. Second-quarter profit was $25.9 million, while gross margin was 13% in the second quarter of 2023, up from 8% in the same period last year.