The Bitcoin ATM operator RockItCoin announced the acquisition of Tao Bitcoin on Oct. 25. Tao Bitcoin is a regional ATM operator with 56 machines, mostly located in the south of the United States. According to the company, the acquisition was part of they company’s strategy to find value and synergies among smaller and regional players in the Bitcoin ATM space. With the deal, the machines operated by RockItCoin came to almost 1900 across 44 U.S. states. The Bitcoin ATM industry is poised for consolidation in 2023, according to RockItCoin’s president Ben Phillips, with the company ...
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