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Bitcoin Well Saw Its Revenue Reached $27.5M In 2021 Q1, A Year-On-Year Increase Of Over 342%
Summary: Canadian Bitcoin ATM company Bitcoin Well announced its financial report for the first quarter of 2021. The report shows that compared with the $6.2 million in the same period in 2020, revenue in the first quarter of 2021 increased by more than 342% to $27.5 million. Factors such as the increase in the number of ...
Canadian Bitcoin ATM company Bitcoin Well announced its financial report for the first quarter of 2021.
The report shows that compared with the $6.2 million in the same period in 2020, revenue in the first quarter of 2021 increased by more than 342% to $27.5 million. Factors such as the increase in the number of active ATMs, the increase in revenue per machine, and the increase in the price of Bitcoin and other cryptocurrencies bring revenue to this level.
In the first quarter of 2021, Bitcoin Well's gross profit increased by approximately 368% year-on-year to $2.3 million, with a gross profit margin of 8%.
In addition, as of now, Bitcoin Well has installed more than 140 Bitcoin ATMs in Canada.
By Mary Liu
Tags: ATM,Bitcoin,Bitcoin Well
Link: Bitcoin Well Saw Its Revenue Reached $27.5M In 2021 Q1, A Year-On-Year Increase Of Over 342% [Copy]
