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Bitcoin Well Inc. provides bitcoin and other cryptocurrency services in Canada. It operates through Bitcoin Automated Teller Machines (ATMs), Online Bitcoin Portal, and Bitcoin Well Infinite segments. The company owns and operates ATMs for bitcoin and related equipment; and provides associated services, such as selling, distributing, leasing, financing, installing, and servicing ATMs and related equipment. It also offers an online portal for individuals to buy, sell, and use bitcoin; electronic processing services; online bill payment solutions; and gift cards that can be purchased with bitcoin and other cryptocurrencies. In addition, the company provides consultation services to educate potential new customers on cryptocurrencies. Bitcoin Well Inc. was founded in 2013 and is headquartered in Edmonton, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Bitcoin Well Inc operates retail cryptocurrency on-ramps, including kiosk-based and digital services enabling customers to buy bitcoin, and appears positioned to grow with broader retail adoption, demand for cash-to-crypto access, and potential expansion of its service footprint. Investors may find it attractive as a way to gain company-level exposure to bitcoin adoption through transaction-driven fee income and physical retail distribution that could support recurring revenues.
Principal risks include sensitivity to cryptocurrency price and regulatory volatility, competition from exchanges and mobile platforms, dependence on transaction volumes, and execution and liquidity risk common to small-cap operators.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -0.79M | -17.78M | -11.78M | -5.21M | -14.13M |
| Net income | -0.79M | -17.78M | -12.02M | -5.99M | -13.60M |
| Selling general administrative | 6.51M | 5.81M | 5.54M | 8.01M | 10.33M |
| Gross profit | 4.96M | 3.97M | 4.83M | 4.42M | 5.17M |
| Reconciled depreciation | 0.43M | 0.65M | 1.42M | 2.16M | 1.38M |
| Ebit | - | - | - | -5.81M | -6.03M |
| Ebitda | - | - | - | -3.59M | -6.63M |
| Operating income | -2.55M | -2.78M | -2.34M | -5.75M | -8.02M |
| Interest expense | 3.20M | 2.57M | 2.29M | 1.73M | 0.00M |
| Tax provision | - | 0.00M | 0.24M | 0.78M | -0.53M |
| Net interest income | -3.20M | -2.57M | -2.29M | -1.73M | -0.53M |
| Income tax expense | - | - | - | - | -0.53M |
| Total revenue | 132.96M | 90.51M | 54.53M | 66.73M | 99.61M |
| Total operating expenses | 135.50M | 93.29M | 56.87M | 72.48M | 107.63M |
| Cost of revenue | 128.00M | 86.54M | 49.71M | 62.31M | 94.44M |
| Total other income expense net | 4.95M | -12.43M | -7.16M | 2.27M | -5.58M |
| Net income from continuing ops | -0.79M | -17.78M | -12.02M | -5.99M | -13.60M |
| Net income applicable to common shares | - | - | - | - | -13.60M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 29.91M | 28.02M | 14.91M | 14.02M | 23.56M |
| Intangible assets | 0.04M | 0.07M | 0.34M | 1.06M | 4.63M |
| Other current assets | - | - | - | 6.04M | 8.84M |
| Total liab | 37.45M | 41.02M | 24.06M | 19.86M | 17.57M |
| Total stockholder equity | -7.55M | -12.99M | -9.15M | -5.83M | 5.99M |
| Other current liab | - | - | - | - | 0.20M |
| Common stock | - | - | - | - | 11.94M |
| Capital stock | 28.91M | 15.37M | 13.25M | 12.10M | 11.94M |
| Retained earnings | -53.29M | -52.50M | -34.72M | -22.69M | -16.70M |
| Other liab | - | - | - | - | 0.22M |
| Good will | 0.11M | 0.11M | 0.11M | 0.11M | 0.41M |
| Other assets | - | - | - | - | 0.41M |
| Cash | 3.14M | 2.88M | 1.67M | 3.95M | 4.80M |
| Total current liabilities | 21.64M | 11.38M | 7.01M | 14.54M | 17.22M |
| Net debt | 32.74M | 36.64M | 21.39M | 14.87M | 10.95M |
| Short long term debt | 20.09M | 9.89M | 6.01M | 13.72M | 15.65M |
| Other stockholder equity | - | - | - | - | 8.95M |
| Property plant equipment | - | - | - | - | 2.36M |
| Total current assets | 29.63M | 27.43M | 13.66M | 11.08M | 14.81M |
| Long term investments | - | 0.00M | 0.01M | 0.35M | 0.93M |
| Net tangible assets | - | - | - | - | 0.95M |
| Short term investments | 24.57M | 22.37M | 10.22M | 6.00M | 8.60M |
| Net receivables | 0.13M | 0.07M | 0.57M | 0.10M | 0.48M |
| Long term debt | 15.79M | 29.62M | 17.04M | 5.10M | 0.10M |
| Inventory | 1.26M | 1.38M | 0.59M | 0.71M | 0.38M |
| Accounts payable | 0.35M | 0.27M | 0.49M | 0.28M | 0.67M |
| Non current assets total | 0.28M | 0.59M | 1.25M | 2.94M | 8.75M |
| Capital lease obligations | 0.05M | 0.04M | 0.06M | 0.04M | 0.15M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -6.64M | 1.06M | 3.10M | -0.72M | -0.93M |
| Change to liabilities | - | - | - | 0.00M | 0.12M |
| Total cashflows from investing activities | - | - | - | - | -3.12M |
| Net borrowings | -1.18M | 1.15M | -3.29M | - | -0.10M |
| Total cash from financing activities | 11.35M | 3.21M | -1.89M | 8.94M | 6.30M |
| Change to operating activities | - | - | - | - | -2.21M |
| Net income | -0.79M | -17.78M | -12.02M | -5.99M | -13.60M |
| Change in cash | 0.26M | 1.21M | -2.28M | -0.85M | 0.75M |
| Begin period cash flow | 2.88M | 1.67M | 3.95M | 4.80M | 4.05M |
| End period cash flow | 3.14M | 2.88M | 1.67M | 3.95M | 4.80M |
| Total cash from operating activities | -4.37M | -3.07M | -3.56M | -9.08M | -2.43M |
| Issuance of capital stock | 12.49M | 1.98M | 1.40M | 0.00M | 6.40M |
| Depreciation | 0.43M | 0.65M | 1.42M | 0.99M | 0.99M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -0.02M | -0.00M | 0.12M | -0.28M | 4.68M |
| Change to account receivables | 0.40M | -0.01M | -0.50M | 0.26M | -0.03M |
| Other cashflows from financing activities | - | - | - | - | -0.13M |
| Change to netincome | - | - | - | - | 7.65M |
| Capital expenditures | 0.07M | 0.00M | 0.00M | 0.71M | 1.59M |
| Change in working capital | 1.06M | 1.16M | -0.60M | -3.40M | 2.14M |
| Stock based compensation | -0.29M | 0.47M | 0.48M | 0.31M | 0.53M |
| Other non cash items | -1.89M | 14.38M | 7.41M | -3.56M | 5.77M |
| Free cash flow | -4.44M | -3.07M | -3.56M | -9.79M | -5.06M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BTCW Bitcoin Well Inc |
- -% |
0.04 | - | - | 0.19 | 2.18 | 0.28 | 12.91 |
| NDA Neptune Digital Assets Corp |
-0.02 3.92% |
0.49 | - | 78.74 | 71.60 | 2.25 | 81.07 | 83.90 |
| DMGI Dmg Blockchain Solutions Inc |
-0.01 2.60% |
0.38 | - | 5.29 | 1.28 | 0.64 | 1.68 | 9.44 |
| HFC Hampton Financial Corp |
- -% |
0.24 | - | - | 3.65 | 58.45 | 5.57 | -19.75 |
| SATO SATO Technologies Corp |
-0.01 18.18% |
0.04 | - | - | 0.99 | 1.88 | 1.39 | 16.57 |
Bitcoin Well Inc. provides bitcoin and other cryptocurrency services in Canada. It operates through Bitcoin Automated Teller Machines (ATMs), Online Bitcoin Portal, and Bitcoin Well Infinite segments. The company owns and operates ATMs for bitcoin and related equipment; and provides associated services, such as selling, distributing, leasing, financing, installing, and servicing ATMs and related equipment. It also offers an online portal for individuals to buy, sell, and use bitcoin; electronic processing services; online bill payment solutions; and gift cards that can be purchased with bitcoin and other cryptocurrencies. In addition, the company provides consultation services to educate potential new customers on cryptocurrencies. Bitcoin Well Inc. was founded in 2013 and is headquartered in Edmonton, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Adam O'Brien | Founder, Pres, CEO & Director | NA |
| Mr. David Bradley | Chief Revenue Officer & Director | NA |
| Mr. Allen D. Stephen C.A., CPA, CA, CPA, M.B.A. | Chief Financial Officer | NA |
| Mr. Myles Dougan | Director of Investor Relations | NA |
| Karen Smola | Director of Marketing | NA |
| Heather Barnhouse | Corp. Sec. | NA |
| Mr. Adam O'Brien | Founder, President, CEO & Director | NA |
| Mr. Jason Neil Vandenberg C.A., CPA, CA | Chief Financial Officer | 1977 |
| Heather Barnhouse | Corporate Secretary | NA |
| Mr. Jason Neil Vandenberg C.A., CPA | Chief Financial Officer | 1977 |
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