THE MINING POD: This BTC Business Model is a Quiet Cash Cow w/ Brandon Mintz

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4.7 • 698 Ratings

🗓️ 9 September 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

You may not realize it, but that bitcoin ATM at your corner store is probably bringing in some serious cash. Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenews Welcome back to The Mining Pod! Today, Brandon Mintz, CEO of Bitcoin Depot joins Colin to talk about building the largest Bitcoin ATM network in North America with 9,000+ machines. They discuss how the Bitcoin ATM business model works, why someone would buy bitcoin from an ATM rather than an exchange, why Bitcoin ATMs tend to have premiums, and what areas the company may explore for expansion. Subscribe to our newsletter! **Notes:** • Bitcoin Depot has 9,000+ ATMs across 3 countries • Q2 revenue up 6% YoY to $172.1M • 15% of US transactions still use cash • 1,700 ATMs ready for deployment Timestamps: 00:00 Start 03:16 Founding Bitcoin Depot 05:58 The first BTC ATM? 07:14 Current revenue growth 09:52 Establishing an ATM location 11:54 Deciding ATM locations 16:01 Profit sharing w/ locations 17:33 Convincing locations 19:31 Are ATMs not price sensitive? 22:21 Operating expenses 23:26 ATM user profile 25:45 Price premium 28:59 Revenue valuation 31:46 Expansion 32:27 European market 32:59 Treasury strategy 35:20 Treasury company frothy market 36:57 Regulation changes 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner®, is a market-leading Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship. Optimally monetizing low-cost, high reliability electricity positions them to prosper in an ever-changing world. 👉 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 sales@coloradoairfilter.com 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!

Transcript

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0:00.0	A lot of investors don't understand that cash is still used for roughly 15% of transactions in U.S.
0:06.1	There's no issue for us finding enough customers to use our Bitcoin ATMs, since there's still
0:11.7	millions and millions of people that use cash for most of their everyday transactions.
0:16.0	And because our business has higher margins, you know, we don't need millions of users.
0:20.1	We typically have a few
0:21.1	hundred thousand customers a year. And that's enough to be able to support a business like this
0:26.3	that, you know, has over $60 million in trailing 12 months, EBITDA, and revenues in the hundreds
0:32.5	of millions of dollars. You ever get into your buddy's car and think, dude, how do you live like this? There's half-eaten Taco Bell on the console, a pile of garbage and fast food cups and bags, rumbling in the trunk. You look behind you under your seat and you're pretty sure you saw something move, but you don't know what? Well, how do you think your Bitcoin miner feels if you're not keeping on top of your
0:55.9	filtration game?
0:57.1	Y'all need to get on Colorado Air Filters.
1:00.3	Colorado Air Filters is a major supplier of air filtration systems for Bitcoin mining sites.
1:05.2	And they're currently running a summer sale in their inventory, so now is the time to act.
1:09.8	Whether you need HEPA filters,
1:11.8	new shipments or installations for your containers, or your large-scale mining facilities,
1:16.5	retrofitted buildings, Colorado Air Filters has it all. And units are ready to sell now. Contact
1:22.5	sales at Coloradoairfilter.com and use the code mining pod to claim 15% off today. Again, that is sales
1:29.2	at Coloradoairfilter.com with code mining pod.
1:39.0	Hey, Will here with Blockspace Media. Did you know that we have individual feeds for all our
1:43.4	shows? If you're watching
1:44.5	the Mining Pod, Bitcoin Season 2, or The Court Show, be sure to check out the individual feeds.
1:49.6	You can find them on your podcast player of choice, whether that be Spotify, Apple, YouTube, etc.
1:55.2	Just type in Blockspace Media and you'll find all our shows pop up or just type in the individual
	...

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