Bitcoin Depot Continues Growth with the Addition of 500 New BTMs to Network, Surpassing 1,000 Worldwide
Monday, October 26th, 2020
Depot, the fastest growing multi-cryptocurrency ATM network in the world, announced today its network expansion to more than 1,000 BTMs across the globe, truly creating A Bitcoin ATM on Every Corner ™ . In addition, the company added two executive positions and increased its employee headcount by 100 percent in the last year.
In the last eight months, Bitcoin Depot has doubled the number of Bitcoin ATMs in its network, demonstrating the increasing popularity of cryptocurrency transactions. Networks like Bitcoin Depot’s BTMs™ exchange cryptocurrency into digital cashing, allowing for simple, in-person exchanges that give users immediate buying power.
“We are thrilled to be on the forefront of this movement in the cryptocurrency industry and adding to our team to continue serving our customers to the best of our ability,” said Brandon Mintz, chief executive officer of Bitcoin Depot. “With 1,000 BTMs, Bitcoin Depot is one of the largest networks in the world. Our goal is to ensure Bitcoin and other cryptocurrency becomes more easily accessible to the average person through our continued expansion.”
After a three-year revenue growth of more than 400 percent, even before BTM’s boom in 2020, Bitcoin Depot earned the ranking of 1,103 on this year’s annual Inc. 5000 list. The company also increased its employee number by 100 percent in less than one year.
Within this hiring, Bitcoin Depot named its first C-Suite member to join CEO Brandon Mintz – Scott Buchanan. Buchanan started with Bitcoin Depot in 2019 as the vice president of finance and has now been promoted to CFO. Before Bitcoin Depot, he worked as a finance manager at Acuity Brands.
In addition, the company has added Jason Sacco as vice president of operations. Sacco comes to Bitcoin Depot from 15 years at Cardtronics, spending a large majority of his career in the ATM industry and bringing valuable knowledge and skills to the operations team.