The Atlanta-based company filed voluntarily in the U.S. Bankruptcy Court for the Southern District of Texas on Monday, saying it would wind down operations and sell its assets in an orderly, court-supervised process. Its entire ATM network has already been taken offline.

At one point last year, the company operated 9,276 kiosks, allowing customers to convert cash into bitcoin in retail locations throughout the U.S., Canada and Australia. The company went public on Nasdaq in 2023.

The writing was perhaps on the wall after the preliminary first-quarter earnings report showed a 49% collapse in revenue from a year earlier. The company swung from a $12.2 million profit to a $9.5 million loss in the same period. Gross profit also fell 85% to $4.5 million.

Read more: Bitcoin Depot, North America’s largest bitcoin ATM operator, files for bankruptcy