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TechFlow news, according to Cointelegraph, cryptocurrency ATM operator Bitcoin Depot has reported its second-quarter results, with quarterly revenue reaching $197.5 million, an 18% increase compared to the same period in 2022.
The company also reported a net loss of $6.1 million, a 249% year-on-year increase in losses.
Its second-quarter gross profit was $25.9 million, with a gross margin of 13% in Q2 2023, up from 8% in the same period last year.
Bitcoin Depot, a cryptocurrency ATM operator, reported its second-quarter results with quarterly revenue of $197.5 million, an 18% increase compared to the same period in 2022. The company also reported a net loss of $6.1 million, a 249% decline year-over-year. Its gross profit for the second quarter was $25.9 million, and the gross margin in Q2 2023 was 13%, up from 8% in the same period last year.
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