KOPERATOR & NETWORK INTEL

Tracking operator market share, fleet contraction, compliance burden, and physical network resilience.

The post-May 2026 environment is defined by stricter KYC/AML enforcement, escalating compliance costs, and operator consolidation. Our operator intelligence provides investors, acquirers, and host partners with the data needed to understand network viability and long-term infrastructure value.
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Active Operators Tracked
28
As of: May 31, 2026
Source: Company Filings, Press Releases
Estimated Active Kiosks
~24,000 – 27,000
As of: May 31, 2026
Source: CoinATMRadar, Operator Reports
Major Networks Profiled
4
As of: May 31, 2026
Source: Company Filings, Press Releases
Historical Leader Status
BITCOIN DEPOT
CHAPTER 11 WIND-DOWN
As of: May 31, 2026
Source: Court Filings, Company Reports
One-Way vs Two-Way Mix
86% / 14%
One-Way / Two-Way
As of: May 31, 2026
Source: CoinATMRadar, Operator Data
Nationwide network with
retail-focused placements
~5,400
Locations (Est.)
Active
Strong presence in high-
traffic retail and gas
~3,400
Locations (Est.)
Active
Operational footprint in
urban and suburban retail
~2,000
Locations (Est.)
Active
CHAPTER 11
WIND-DOWN
Historical leader with
nationwide footprint
Historical / Wind-Down
Diverse group of regional
and niche networks
20+
Tracked
Mixed
Operator Economics & Survival
Compliance Cost Pressure
Rising KYC/AML, SAR filing, and licensing costs reduce margins.
Lower Transaction Volumes
Reduced retail activity and tighter fraud controls impact revenue.
Higher Customer Verification Burden
Enhanced ID verification increases friction and support costs.
Geographic Rationalization
Operators exiting underperforming and regulated markets.
Cash Logistics & Servicing Costs
Rising CIT, replenishment, and maintenance cost per machine.
Retail Host Retention
Hosts demanding higher reliability, uptime, and operator stability.
Network Software & Operating Stack
Fleet Management Software
Centralized monitoring, remote updates, performance analytics.
KYC / AML Workflow
ID verification, sanction screening, risk scoring, and audit trails.
Transaction Monitoring
Real-time alerts, velocity controls, and suspicious activity detection.
Cash Reconciliation
Automated cash balance tracking and settlement reconciliation.
Remote Diagnostics
Uptime monitoring, error detection, and remote issue resolution.
Hardware Migration Compatibility
Support for multi-vendor fleets and phased hardware upgrades.
Estimated Operator Fleet Trend
As of: May 31, 2026
40K 30K 20K 10K 0
Estimated Active Kiosks
~38,000
PEAK 2024
~33,000
DEC 2024
(EST.)
~26,000
APR 2026
(EST.)
~24–27K
MAY 2026
(EST.)
Source: Company Filings, Press Releases, Market Intelligence
Network Status Mix
As of: May 31, 2026
~24–27K
TOTAL NETWORK
ACTIVE
52%
(~12.5K)
CONTRACTING
27%
(~6.5K)
WIND-DOWN
11%
(~2.5K)
HISTORICAL / OFFLINE
10%
(~2.5K)
Source: Operator Reports, Company Filings, Market Intelligence
Operator Comparison Matrix
As of: September 22, 2026
Operator Est. Locations Status Focus Compliance Intensity Host Model Notes
CoinFlip ~5,400
Active
 Retail, Convenience, Grocery High Revenue Share Strong retail footprint, tech-forward ops.
Athena Bitcoin ~3,400
Active
 Retail, Gas, High-Traffic High Revenue Share Aggressive expansion in key corridors.
RockItCoin ~2,000
Active
 Urban, Suburban Retail Medium-High Revenue Share Selective growth, disciplined market entry.
Bitcoin Depot Historical Leader
Wind-Down
 Nationwide (Historical) Very High Revenue Share Chapter 11 wind-down underway.
Regional Operators 20+ Tracked
Mixed
 Regional / Niche Markets Medium Varies Diverse viability, market-specific risks.
Host Location Exposure
Operator stability directly impacts retailer economics and operational experience.
Contract Stability
Operator health determines contract continuity, terms, and support reliability.
Machine Downtime Risk
Financially stressed operators have higher downtime and service delays.
Revenue Continuity
Stable operators drive consistent traffic, uptime, and transaction flow.
Redeployment / Replacement Options
Viable exit plans and replacement options reduce business disruption.
Get The Full Operator Picture
The 2026 Global Bitcoin ATM Infrastructure Report: Compliance, Consolidation, and Fleet Economics
Deep operator analysis, market share trends, compliance costs, and network viability modeling.
Download 2026 Infrastructure Report