Welcome to our dedicated page for Athena Bitcoin Global news (Ticker: ABIT), a resource for investors and traders seeking the latest updates and insights on Athena Bitcoin Global stock.
Athena Bitcoin Global reports developments tied to its Bitcoin kiosk and digital asset fintech operations. The company operates an international network of freestanding Athena Bitcoin kiosks that allow customers to buy or sell Bitcoin for fiat currency, with machines placed in convenience stores, shopping centers and other accessible locations across U.S. states and territories and markets in Central and South America.
Recurring updates cover kiosk deployment, mobile-app features for locating ATMs and contacting support, consumer education, fraud prevention and compliance practices. Company news also includes Athena Pay point-of-sale merchant payment capabilities, Athena Plus trading services, promotional programs, industry conference participation and partnership outreach within the Bitcoin ATM and financial technology ecosystem.
Athena Bitcoin Global has announced that their Chief Compliance Officer, Sam Nazzaro, will be a featured speaker at the FIBA 2025 Anti-Money Laundering (AML) Conference in Miami, Florida, from March 24-27, 2025.
Nazzaro will participate in a panel discussion titled 'The Changing Tide of Crypto Compliance' on March 25, 2025, alongside other industry leaders. The panel will explore evolving regulatory landscapes, technological innovations, and compliance challenges in the digital asset space.
The conference, hosted by the Florida International Bankers Association (FIBA), brings together banking professionals, regulators, fintech leaders, and compliance experts globally to discuss anti-money laundering, counter-terrorist financing, and risk management best practices.
Athena Bitcoin Global announces CEO Matias Goldenhörn's participation as a featured panelist at the upcoming Plan ₿ Forum El Salvador, scheduled for January 30-31, 2025, in San Salvador. The conference, recognized as Central America's premier Bitcoin event, will gather global leaders to discuss Bitcoin adoption, economics, and financial freedom.
Goldenhörn will contribute to a panel focused on Bitcoin adoption in LATAM, leveraging his extensive experience in Athena Bitcoin's Latin American operations. He will share insights on Bitcoin's transformative impact across the region and the company's role in promoting financial inclusion and innovation.
The CEO emphasized El Salvador's pioneering role in Bitcoin adoption and its significance in sparking global discussions about the future of finance, particularly highlighting Bitcoin's potential to address limitations of traditional financial systems in Latin America.
Athena Bitcoin Global (ABIT) reported its Q3 2024 financial results. Revenue grew 5.7% to $69.4 million compared to Q3 2023. However, gross profit declined 23.9% to $8.1 million, and operating expenses increased to $4.0 million from $1.5 million. Net income decreased to $2.6 million from $5.9 million year-over-year.
For the nine months ended September 30, 2024, the company showed stronger performance with revenue up 84.4% to $221.7 million, gross profit increased 82.0% to $31.6 million, and net income rose to $12.5 million from $8.2 million compared to the same period in 2023.
Athena Bitcoin Global (OTC PINK: ABIT), a leader in bitcoin ATMs and fintech solutions, announced that Chief Compliance Officer Sam Nazzaro will be a speaker at the CBC Summit 2024. The event is set for September 12th at The National Press Club in Washington, D.C. Nazzaro will join the panel discussion on 'The Future of Financial Crime' from 1:00 PM to 1:45 PM. His session will explore evolving financial crime tactics and collaborations between crypto companies, banks, and regulators. Nazzaro's background includes roles at the DOJ, where he managed corporate criminal resolutions and FCPA/AML investigations. Athena Bitcoin CEO, Matias Goldenhörn, highlighted the value of Nazzaro's expertise to both the company and the financial community. The CBC Summit is a key gathering for compliance and financial regulation leaders.
Athena Bitcoin Global (OTC PINK:ABIT) has announced that Sam Nazarro, their Chief Compliance Officer and Regulatory Counsel, will be a featured speaker at the CBC Summit 2024. The event will take place on September 12th, 2024, at The National Press Club in Washington, D.C. Nazarro will participate in a panel discussion titled 'The Future of Financial Crime' from 1:00 PM to 1:45 PM.
Nazarro's extensive experience includes roles at the Department of Justice, where he oversaw corporate criminal resolutions and investigations into FCPA and AML violations. At Athena Bitcoin, he leads global compliance operations across five countries. The CBC Summit is a premier event for industry leaders in compliance, financial regulation, and cryptocurrency.
Athena Bitcoin Global (OTC: ABIT) has announced its commitment to support Bitcoin adoption in El Salvador by becoming an Initial Member of Asociacion Bitcoin de El Salvador (Asobitcoin). This collaboration aims to foster financial inclusion, education, and innovation in the use of Bitcoin within the country. Asobitcoin was launched on February 9, 2023, and involves various public and private stakeholders dedicated to promoting Bitcoin initiatives. Athena Bitcoin operates a network of ATMs for buying and selling cryptocurrencies across multiple locations in the Americas, emphasizing their role in enhancing access to digital assets.
Athena Bitcoin Global has been appointed by Elektra, a subsidiary of Grupo Salinas, to process Bitcoin payments utilizing the Lightning Network. This partnership enables Elektra to accept Bitcoin at over 1,300 retail locations across Mexico and Latin America, enhancing their electronic payment system. Eric Gravengaard, CEO of Athena Bitcoin, emphasized the potential of Bitcoin to revolutionize online transactions and provide financial access. Athena operates a network of ATMs and services aimed at promoting financial inclusion.