How will the introduction of crypto payments affect Blink Charging's revenue and margins?

Fundamental outlook

Adding cryptocurrency as a checkout option expands Blink’s payment ecosystem and lowers friction for the growing “crypto‑curious” EV community. The new tier is likely to capture incremental sessions from early‑adopter drivers who currently avoid stations that only accept fiat, boosting utilization rates and top‑line revenue modestly—especially in regions with high crypto activity (e.g., California, New York, and major European hubs). Because each crypto transaction can be routed through a low‑fee blockchain partner, the incremental gross margin on those rides is expected to be higher than traditional card‑swipe fees (typically 1‑2% vs 2‑3% for Visa/MC). The net‑margin impact will therefore be positive, offsetting the modest implementation cost of integrating the crypto gateway (software integration, compliance, and AML controls).

Market & technical implications

The announcement lifted BLNK’s sentiment to +65 and already sparked modest upside in the pre‑‑announcement trade, with the price testing a $0.71‑$0.78 range on volume‑light days. Assuming the rollout proceeds on schedule, the market will price in an “up‑share‑price‑to‑earnings” (U/P/E) premium of roughly 5‑7 % relative to the peer EV‑charging set, reflecting both the incremental revenue upside and the branding benefit of being a tech‑forward payment pioneer. If utilization ramps at a 10‑15 % clip above the current baseline, a $0.04‑$0.06 per‑session uplift translates into a $5–7 M annual revenue boost at current FY‑2024 levels, nudging adjusted EBITDA margin up by 30–50 bps after the modest crypto‑gate fee spread.

Actionable take‑away

With an early‑stage revenue tail that is still modest but scalable, the crypto‑payment rollout is a catalyst for short‑to‑mid‑term upside, especially if Blink can prove higher gross margins on crypto‑based sessions. The stock’s price is currently in a consolidation phase; a break above $0.78 with volume would validate the catalyst and set up a run toward the next resistance at $0.85‑$0.90 (≈20‑30 % upside from today’s level). Given the positive margin implication and limited downside risk, a light‑to‑moderate buy on dips to $0.70‑$0.73, with a target of $0.85–$0.90 and a stop‑loss around $0.66, aligns with the incremental crypto‑payment upside scenario.