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THE MINING POD: How Bitcoin ATMs Are Outcompeting Bitcoin Mining Stocks w/ Brandon Bailey w/ Brandon Bailey

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For today’s show, we cover why Bitcoin ATMs are one of the best, most lucrative businesses in Bitcoin. FILL OUT THE MINING POD SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Brandon Bailey of Second Gate Advisory joins Will to talk about Bitcoin ATMs, an overlooked Bitcoin business model with massive potential. In Q1 2025, Bitcoin Depot generated $164.2M in revenue, a 19% increase year-over-year, while outperforming miners in cash flow per unit. We explore why physical ATMs matter in a digital world, expansion opportunities, and how this could be the next big Bitcoin treasury play. Subscribe to our newsletter!  **Notes:** • Bitcoin Depot: $333.1M revenue, +92% YoY • 30,000 Bitcoin ATMs vs 500K traditional ATMs   • ATMs generate $30-40/day vs miners $10-11/day • 4% of Americans (5.6M people) are unbanked • Average transaction size around $300 • 1,300 reserve machines ready for deployment Timestamps: 00:00:00:00 Start 00:01:33:16 Report overview 00:02:48:20 Bitcoin Depot financials 00:05:30:06 Other BTC treasury companies 00:08:52:26 Colorado Air Filter 00:10:57:14 Increasing revenue multiple 00:13:30:08 ATM business history 00:15:03:16 Stablecoins 00:16:37:26 Fractal Bitcoin 00:17:12:25 Physical cash economy 00:19:33:22 Why haven't traditional ATMs added BTC? 00:21:10:20 Per machine cashflows 00:25:27:09 Expansion opportunity 00:31:00:10 Coinflip 00:33:06:11 Wrap up 👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy. And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today! 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. 👉 Colorado Air Filter, Leaders In Mining HVAC Solutions! Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected] Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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