H.C. Wainwright Downgrades Bitcoin Depot to Neutral
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
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H.C. Wainwright downgraded Bitcoin Depot to Neutral from Buy without a price target following the company's Chapter 11 filing and wind-down of operations. The decision was driven by a "materially worsening regulatory backdrop" for bitcoin ATM operators in the U.S., the analyst tells investors in a research note.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
