Partnership to Result in 66 New Bitcoin Depot Kiosk Locations Across Midwest
ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced its retail partnership with Fareway Stores Inc. (“Fareway”), a growing Midwest grocery company currently operating more than 130 grocery store locations across the Midwestern US.
Bitcoin Dept plans to deploy BTMs in 66 Fareway locations starting in Q2 of 2024, throughout Iowa, Illinois, Minnesota, Nebraska, South Dakota, Kansas, and Missouri.
"We’re thrilled to work with a growing grocery store brand like Fareway as we continue our own expansion efforts in 2024, reinforcing our commitment to providing easy and convenient crypto access to new and returning users," said Brandon Mintz, CEO of Bitcoin Depot. "Our technology has a proven track record of success across our portfolio of retail partners, and I believe our customer-first approach aligns perfectly with Fareway’s ethos. We anticipate a mutually beneficial partnership that enhances the cash to Bitcoin experience for Fareway customers.”
Bitcoin Depot’s products and services provide an intuitive, quick, and convenient process for converting cash into Bitcoin. This allows users to access the broader digital financial system, including using Bitcoin to make payments, transfers, remittances, online purchases, and investments.
"At Fareway, we are dedicated to enhancing the shopping experience for our customers by offering innovative solutions and services," said Scot Kinne, Vice President of Banking, Payments and Investments at Fareway Stores. “Partnering with Bitcoin Depot allows us to further enrich our offerings and meet the evolving needs of our communities. We look forward to introducing Bitcoin Depot's BTMs to our customers and continuing to provide exceptional service across our stores.”
This news builds upon Bitcoin Depot’s recent operational momentum and significant growth milestones following its recent expansions into Australia and Puerto Rico. In April 2024, the Company surpassed its goal of deploying 8,000 Bitcoin ATMs. With these achievements, Bitcoin Depot now retains the largest installed fleet of BTMs in its history, solidifying its position as the leading BTM operator in North America.
About Bitcoin Depot Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to Bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with approximately 7,400 kiosk locations as of April 1, 2024. Learn more at www.bitcoindepot.com.
About Fareway Stores Fareway Stores, Inc. is a growing Midwest grocery company currently operating more than 130 grocery store locations in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, and South Dakota. Fareway holds family values in the highest regard, demonstrating integrity, fairness, and honesty in relationships with customers, employees, vendors, and suppliers.
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Contacts:
Investors Cody Slach, Alex Kovtun Gateway Group, Inc. 949-574-3860 [email protected]
Media Christina Lockwood, Brenlyn Motlagh, Ryan Deloney Gateway Group, Inc. 949-574-3860 [email protected]