This BTC Business Model is a Quiet Cash Cow w/ Brandon Mintz
Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenews
Welcome back to The Mining Pod! Today, Brandon Mintz, CEO of Bitcoin Depot joins Colin to talk about building the largest Bitcoin ATM network in North America with 9,000+ machines. They discuss how the Bitcoin ATM business model works, why someone would buy bitcoin from an ATM rather than an exchange, why Bitcoin ATMs tend to have premiums, and what areas the company may explore for expansion.
**Notes:**
• Bitcoin Depot has 9,000+ ATMs across 3 countries
• Q2 revenue up 6% YoY to $172.1M
• 15% of US transactions still use cash
• 1,700 ATMs ready for deployment
Timestamps:
00::00 Start
03:16 Founding Bitcoin Depot
05:58 The first BTC ATM?
07:14 Current revenue growth
09:52 Establishing an ATM location
11:54 Deciding ATM locations
16:01 Profit sharing w/ locations
17:33 Convincing locations
19:31 Are ATMs not price sensitive?
22:21 Operating expenses
23:26 ATM user profile
25:45 Price premium
28:59 Revenue valuation
31:46 Expansion
32:27 European market
32:59 Treasury strategy
35:20 Treasury company frothy market
36:57 Regulation changes
👉CleanSpark, America's Bitcoin Miner!
CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world.
👉 Luxor, Leaders In Bitcoin Mining and Compute Power!
Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.
👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!
Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
Learn more about your ad choices. Visit megaphone.fm/adchoices