Bitcoin Depot has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas on May 18. The company has taken approximately 9,700 machines offline as part of the filing. According to NS3.AI, Bitcoin Depot's revenue for the first quarter of 2026 fell by 49.2% compared to the previous year, while its gross profit decreased by 85.5%. The bankruptcy filing also includes Canadian entities under court supervision, with other international operations directed to wind down in accordance with local laws.
