Taking over crypto ATMs

Bitomat lists 17 ATMs in 13 Croatian cities¹, but they are currently out of service because the operator has no MiCA licence²⁴. Since 1 July 2026, only licensed firms may provide crypto services in Croatia³. Electrocoin holds a licence to exchange crypto for cash⁴, so it can bring these ATMs back into service, either as owner or purely as operator.

Who is behind Bitomat

Who Electrocoin would be negotiating with

Croatian company: Virtual Planet d.o.o. of Zagreb, founded in 2020, with a single founder and director from Poland⁶. It is named as the operator of the Shitcoins.club ATMs in Croatia⁷, and in 2022 Hanfa issued it a decision registering it as a virtual currency exchange⁸.
Owner of the Bitomat.com platform: Virtual Planet EOOD of Plovdiv, Bulgaria⁵. Until 2024 it was run by the same person as the Croatian company; today its owner is Wojciech Gramowski of Poland⁹.
Licence: neither of these companies is in Hanfa's register of licensed providers⁴. The same network has also suspended operations in Italy for lack of MiCA authorisation¹⁰.
Revenue in Croatia: in 2025, Virtual Planet d.o.o. had only €8,848 in revenue and no employees⁶. ATM turnover is probably not booked in the Croatian company, so FINA records cannot tell us how much business the ATMs did.

Negotiating position: the ATMs are idle and earning nothing, and the owner cannot restart them without a licence. This works in Electrocoin's favour whether it buys them or agrees a lease.

ATM locations

17 ATMs according to the map on Bitomat.com¹. Most are in shopping centres.

Bjelovar, Matice hrvatske 8
Dubrovnik, Kralja Tomislava 7
Karlovac, MV Trend, Trg hrvatskih branitelja 4
Koprivnica, Supernova, Gospodarska 1
Nova Gradiška, Karla Dieneša 2
Osijek, Portanova, Svilajska 31
Pula, Max City, Stoja 14a
Rijeka, Tower Center, J. Polića Kamova 81a
Šibenik, A. Starčevića 3C
Slavonski Brod, Petra Krešimira IV 6
Split, Mall of Split, J. Jovića 93
Split, Kralja Zvonimira 41
Varaždin, Zagrebačka 7
Zadar, City Galleria, Polačišće 4
Zagreb, Ilica 202A
Zagreb, Stjepana Širole 6
Zagreb, Grand Casino Admiral, Rudeška 140

Two takeover options

Buying the ATMs, or running them under Electrocoin's licence

	A. Full purchase	B. Lease, Electrocoin as operator only
What Electrocoin takes over	The machines and the location contracts. All decisions and all revenue are its own.	Only the running of the ATMs: the licence, customer checks (KYC) and transactions. The machines remain owned by Virtual Planet.
One-off cost	The purchase price. Used ATMs sell for about $244 each¹⁵. At that price, 17 ATMs would cost about $4,100. The machines stay at the same locations, so only a transfer of ownership is needed.	Next to nothing, apart from connecting the machines to Electrocoin's system.
Monthly costs	All running costs: location rent, cash transport, maintenance, internet, insurance. In total ~$300–650 per ATM¹⁴. If General Bytes software is kept, an extra $10 per machine plus 0.25% of turnover¹³.	Part of the fee goes to the owner, who in return covers the machines, locations and servicing. Electrocoin covers only the licence and customer checks, which it already has.
Real-world example	In 2026, Bitcoin Depot sold about 2,500 machines at an average price of $244 each¹⁵.	In Austria, about 300 Kurant ATMs have been run since 2026 by a licensed Slovak company, with Kurant remaining the technical and servicing partner¹⁶.

Running costs per ATM

Monthly, by item. US data from 2025.¹⁴

Item	Monthly per ATM	Note for Electrocoin
Cash transport and loading	$150–400	The largest item. Depends on how often the ATM is emptied and refilled.
Location rent	$100–500	Fixed rent or a percentage of turnover, as agreed with the shopping centre.
Maintenance	$30–100	Servicing and repairs of the machines.
Insurance	$20–75
Internet and electricity	$20–60
Total	~$300–650 (estimate)	Customer checks (KYC) are handled by Electrocoin's existing staff, so there is no extra cost. The largest items are rarely all at the top of their range at the same time.

If General Bytes software is kept, add $10 per machine per month plus 0.25% of turnover¹³.

Estimate: turnover and revenue of 17 ATMs

All figures in this section are estimates, not data

Turnover: turnover figures for Bitomat ATMs in Croatia are not public. As a reference point, older European estimates are around $20,000–30,000 per ATM per month¹⁷. The default is €20,000 per ATM per month, and you can change it with the slider.
Fee: Bitomat charges an average of 2–4% on buying and selling¹¹¹². The default is 4%, the average as of November 2025.¹¹
Costs (option A): ~$300–650 per ATM per month (estimate, excluding customer checks)¹⁴. The default is €450.
Fee share under a lease (option B): how much of the fee Electrocoin keeps depends on negotiation. The default is 50%.

Average monthly turnover per ATM€20,000 Fee on buying and selling4% Monthly running cost per ATM (option A)€450 Electrocoin's share of the fee (option B)50%

Turnover of 17 ATMs / yr

Fees (revenue) / yr

A. Purchase: revenue − costs / yr

B. Lease: Electrocoin's revenue / yr

Turnover = 17 × turnover per ATM × 12. Revenue = turnover × fee. Option A = revenue − 17 × cost × 12, excluding the one-off purchase. Option B = revenue × Electrocoin's share. Comparison with Electrocoin: net revenue in 2025 was €1.18M¹⁸, and we estimate its turnover at about €59M a year¹⁹.

Points to watch

With low fees of 2–4% and costs of ~$300–650 per ATM per month, buying only pays off if the ATMs have enough turnover. A lease is safer, because Electrocoin does not bear the cost of the machines and locations.
Before any deal, the ATMs' actual turnover from previous years must be seen. The Croatian company does not report it⁶, so it has to be requested from the owner.
The network also sells its own ATMs¹¹, so it needs checking which software they run and whether it can be connected to Electrocoin's system.
The ATMs handle cash, so under its licence Electrocoin also takes on responsibility for anti-money-laundering controls on every machine.

Sources

Figures in the text are marked with the source number. Collected on 11 October 2026.