Bitcoin Well Inc (BTCW) AI Stock Analysis

• Market Cap: C$23.78M
• Dividend Yield: N/A
• Average Volume (3M): 248.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: 82.06%
• EPS Growth: 65.45%
• Country: CA
• Employees: 12
• Sector: Technology
• Sector Strength: 84
• Industry: Financial - Capital Markets
• EPS (TTM): 0.01
• Shares Outstanding: 148,642,790
• 10 Day Avg. Volume: 210,506
• 30 Day Avg. Volume: 248,105
• PEG Ratio: 0.02
• Price to Book (P/B): -1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: C$0.00 ▼(-100.00%Downside)

Bitcoin Well Inc.'s stock score is primarily hindered by financial instability and valuation issues. However, positive technical indicators and strategic corporate events provide some support. Financial performance remains the most significant concern, but recent corporate developments offer potential upside if sustained.

Bitcoin Well Inc Business Overview & Revenue Model

Company Description

Bitcoin Well Inc. acquires, owns, and operates cryptocurrency ATM machines. It provides online and in-person solutions to buy and sell bitcoin and other cryptocurrencies. The company also offers a suite of web-based transaction services to buy and sell bitcoins. As of January 26, 2022, it owned and operated approximately 200 cryptocurrency ATMs in the United States and Canada. Bitcoin Well Inc. was founded in 2013 and is headquartered in Edmonton, Canada.

How the Company Makes Money

Bitcoin Well Inc generates revenue through several key streams. The primary source of income is transaction fees collected from users who buy or sell Bitcoin and other cryptocurrencies via their ATMs and online platforms. These fees are typically a percentage of the transaction amount. Additionally, Bitcoin Well may earn revenue from service fees associated with the management and operation of their cryptocurrency ATMs. The company could also benefit from partnerships with financial institutions or technology providers that facilitate the expansion and efficiency of their services. Other factors contributing to earnings might include consulting services related to cryptocurrency adoption and management.

Bitcoin Well Inc Financial Statement Overview

Summary

Bitcoin Well Inc. faces significant financial challenges, including profitability issues, high leverage, and negative equity. The company has shown some revenue growth but struggles with cost control and cash generation. The financial structure is precarious, with liabilities exceeding assets and negative equity, which raises concerns about long-term viability unless strategic changes are made.

Income Statement

The income statement reveals a mixed performance. The company has experienced significant revenue fluctuations, with recent revenue growth of 66% from 2023 to 2024, but a decline in gross profit margin from 8.8% in 2023 to 4.4% in 2024. Net profit margins have been negative, indicating ongoing profitability challenges. The absence of EBIT and negative EBITDA in 2024 highlight operational inefficiencies.

Balance Sheet

The balance sheet shows significant financial instability, with negative stockholders' equity, increasing debt levels, and a high debt-to-equity ratio due to the negative equity. The company is heavily leveraged, which poses a risk in terms of financial sustainability. The equity ratio is negative, indicating that liabilities exceed assets, which is concerning.

Cash Flow

Cash flow analysis indicates ongoing struggles with cash generation. Free cash flow remains negative, showing no improvement. Operating cash flow to net income ratio is negative, reflecting difficulties in converting income into cash. However, there is slight improvement in operating cash flow from 2023 to 2024, suggesting marginal operational improvement.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.51M	54.53M	66.73M	99.61M	51.97M
Gross Profit	3.97M	4.83M	4.42M	5.17M	7.29M
EBITDA	-14.56M	-8.08M	-1.32M	-12.22M	2.48M
Net Income	-17.78M	-12.02M	-5.99M	-13.60M	-2.74M
Balance Sheet
Total Assets	28.02M	14.91M	14.02M	23.56M	12.12M
Cash, Cash Equivalents and Short-Term Investments	25.25M	11.89M	9.95M	13.40M	4.05M
Total Debt	39.55M	23.12M	18.86M	15.91M	11.60M
Total Liabilities	41.02M	24.06M	19.86M	17.57M	13.00M
Stockholders Equity	-12.99M	-9.15M	-5.83M	5.99M	-872.20K
Cash Flow
Free Cash Flow	-3.07M	-3.56M	-9.79M	-5.06M	-7.41M
Operating Cash Flow	-3.07M	-3.56M	-9.08M	-2.43M	-5.72M
Investing Cash Flow	1.07M	78.20K	-720.86K	-3.12M	-1.89M
Financing Cash Flow	3.21M	-1.89M	8.94M	6.30M	10.49M

Bitcoin Well Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BTCW, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.73 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BTCW.

Bitcoin Well Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$33.24B	5.92	-11.55%	1.90%	5.54%	-20.14%
NDA	56 Neutral	C$183.01M	54.62	5.61%	―	-9.36%	―
BTCW	55 Neutral	C$23.78M	―		―	82.06%	65.45%
CBIT	52 Neutral	C$51.38M	1.91	-18.10%	―	74.11%	―
CSTR	43 Neutral	C$6.35M	―	-80.93%	―	-66.56%	4.86%
BBKCF		$29.12M	―	-110.80%	―	―	―
DMGGF		$35.91M	―	-18.42%	―	―	―

Bitcoin Well Inc Corporate Events

Bitcoin Well Reports Surge in Registrations and Updates on Debt Settlement

Bitcoin Well Inc. announced a significant increase in new customer registrations on its Bitcoin Portal, with a 12% rise from May 2025 and a 107% year-over-year increase, totaling over 48,800 unique registrations. The company also detailed a debt settlement plan involving the issuance of common shares to settle accrued interest obligations and provided an update on its at-the-market equity program, which raised net proceeds of C$230,873 to support its Bitcoin Treasury Strategy.

Bitcoin Well Expands Bitcoin Treasury, Strengthens Market Position

Bitcoin Well Inc. has expanded its Bitcoin Treasury by purchasing an additional 1,000 BTC, bringing its total holdings to 11,000 BTC. This strategic move positions the company as a leader in the Canadian Bitcoin Treasury space, with plans to further grow its reserves through various financial programs and initiatives, potentially impacting shareholder value and market positioning.

Bitcoin Well Wins $0.5 Million Judgment Against Rapid Cash

Bitcoin Well Inc. has secured a court judgment against Rapid Cash ATM Ltd., resulting in an award of over $0.5 million for funds withheld after the termination of a hosting agreement. The court’s decision, which dismissed Rapid Cash’s attempt to stay the judgment, strengthens Bitcoin Well’s position as they continue to defend against Rapid Cash’s appeal and pursue further claims related to the agreement’s termination.

Bitcoin Well Achieves Record Growth and Expands Bitcoin Treasury

Bitcoin Well Inc. reported a record-breaking performance in May 2025, with a significant increase in new customer signups and active users, alongside a 50% month-over-month rise in gross profit from its Bitcoin ATM business. This growth is attributed to strategic investments in marketing and user experience, positioning the company favorably in the growing bitcoin market. Additionally, Bitcoin Well is advancing its Bitcoin Treasury Strategy, having increased its holdings to 10 BTC and exploring further opportunities to enhance its bitcoin reserves, aiming to boost the number of bitcoins per share.

The most recent analyst rating on (TSE:BTCW) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Bitcoin Well Inc stock, see the TSE:BTCW Stock Forecast page.

Bitcoin Well Integrates Nostr for Direct Bitcoin Purchases

Bitcoin Well Inc. has announced a pioneering integration with the Nostr protocol, allowing customers in the USA to purchase bitcoin directly from their Nostr profiles. This integration enhances customer convenience by enabling fast and secure bitcoin purchases through direct messaging, aligning with Bitcoin Well’s mission to simplify self-custody bitcoin transactions. By leveraging Nostr’s censorship-resistant protocol, Bitcoin Well ensures full control over transactions, reinforcing its position as a leader in accessible, non-custodial bitcoin services.

The most recent analyst rating on (TSE:BTCW) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Bitcoin Well Inc stock, see the TSE:BTCW Stock Forecast page.

Bitcoin Well Partners with Solosatoshi to Enhance Points Store Offerings

Bitcoin Well Inc. has announced a partnership with Solosatoshi to bring the Bitaxe Gama, a 1.2 TH/s home bitcoin miner, to its Bitcoin Well Points store. This strategic collaboration allows customers to use points earned through transactions and referrals to purchase the Bitaxe, aiming to boost customer engagement and sign-ups. The partnership is expected to enhance Bitcoin Well’s market presence by offering leading bitcoin merchandise and expanding its store offerings.

The most recent analyst rating on (TSE:BTCW) stock is a Buy with a C$0.25 price target. To see the full list of analyst forecasts on Bitcoin Well Inc stock, see the TSE:BTCW Stock Forecast page.

Bitcoin Well Expands Rewards Program with New Points Store

Bitcoin Well Inc. has announced the expansion of its rewards program with the introduction of the Bitcoin Well points store, allowing customers to redeem points for exclusive bitcoin merchandise. This move is expected to enhance customer engagement and strengthen Bitcoin Well’s market position by offering a diverse range of products, including collaborations and exclusive items, to support customers’ bitcoin journeys.

Bitcoin Well Inc. Achieves 97% Revenue Growth in Q1 2025

Bitcoin Well Inc. reported a significant 97% increase in Q1 2025 revenue, reaching $31.8 million, driven by growth in its Online Bitcoin Portal and Bitcoin Well Infinite segments. Despite a decline in ATM sales, the company achieved a net income of $3.3 million, marking a substantial turnaround from a loss in the previous year. The strategic division of online sales into two business units is expected to sustain revenue growth, with Bitcoin Well Infinite offering personalized services for high-net-worth clients worldwide.

Bitcoin Well Integrates Lightning Network and Announces Debt Settlement

Bitcoin Well Inc. has announced the integration of the Lightning Network into its Bitcoin Portal in the USA, allowing customers to sell bitcoin directly from their personal Lightning wallets to their bank accounts with fewer fees and instant transactions. Additionally, the company is settling $139,817 of outstanding debt through the issuance of common shares, subject to TSX Venture Exchange approval, which includes a related party transaction involving a director’s participation.