Bitcoin Depot Assumes Bitcoin ATM Contract From Another Bitcoin ATM Operator For Jacksons Food Stores
Lux Vending, LLC dba Bitcoin Depot, a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, today announced it is assuming a BTM contract from a competitor for Jacksons Food Stores, a nationally recognized chain of more than 300 company-operated convenience stores.
This agreement will allow Bitcoin Depot to install over 80 of its BTMs into Jacksons Food Stores in the coming months across Idaho, Nevada, Oregon, Utah, California, Washington, and Arizona.
"This partnership with Jacksons Food Stores, one of the larger convenience store chains in the U.S., further exemplifies Bitcoin Depot's leading market position and its ability to partner with key retailers in the convenience store industry that are looking for a reliable partner," said Brandon Mintz, CEO and Founder of Bitcoin Depot.
Bitcoin Depot remains focused on opportunistically acquiring other kiosk operators and complementary businesses to consolidate the highly fragmented BTM industry and support and enhance its operations and strategy.
Bitcoin Depot's products and services provide an intuitive, quick, and convenient process for converting cash into Bitcoin, giving users the ability to access the broader digital financial system using Bitcoin they purchase for purposes of making payments, transfers, online purchases, and investments. Bitcoin Depot enables users to convert their cash into Bitcoin at BDCheckout and at approximately 7,000 kiosk locations in 48 states and ten Canadian provinces.
About Bitcoin Depot
Bitcoin Depot 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's kiosks and at thousands of name-brand retail locations through BDCheckout. The company has the largest market share in North America with approximately 7,000 kiosk locations. Learn more at www.bitcoindepot.com.
On August 24, 2022, Bitcoin Depot and GSR II Meteora Acquisition Corp. ("GSRM"), a special purpose acquisition corporation, entered into a definitive agreement for a business combination that would result in Bitcoin Depot becoming a public company listed on the Nasdaq under the ticker symbol "BTM."
About Jacksons Food Stores
Since John D. Jackson founded Jacksons in 1975 as a single service station, the family-owned company has grown to be a nationally recognized chain of 300+ company-operated convenience stores in Idaho, Nevada, Oregon, Washington, Arizona, California, and Utah under the Jacksons Food Stores and ExtraMile by Jacksons Convenience Store brands.