Bitcoin Depot Flags Going-Concern Risk After $20M in Legal Judgments

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Bitcoin Depot said in a Form 10-Q that substantial doubt exists about its ability to continue operating after accruing more than $20 million in legal judgments. The company said revenue fell by $80.7 million for the three months ending March 31 compared with the first quarter of 2025, and it reported a net loss of $9.5 million over the same period. Bitcoin Depot shares fell by more than 40% in the previous five days.

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