Moodbank uses well-being, rather than money, as its currency.
"So, is how we're feeling as a city a valid conversation to be having? Rather than just 'oh, we've created another 60 jobs at McDonald's,'" he said.
The ATM's 1000 moods also aimed to validate the entire human experience including unspoken and unacknowledged emotions, not just the feelings that were useful in consumer culture.
Mr Holwell said the aim was to set the ATM up in the CBD initially. It would then tour public places around the district.
Manaia PHO had expressed an interest in hosting the machine at its service providers, with schools and community halls other possible locations.
"We'll be able to spatially map the moods of Whangarei ... The more it moves, the more we get a sense of what's happening," Mr Holwell said.
He said the machine would also raise awareness about the October elections and gave people an easy and accessible way to contribute to the conversation.
Information deposited would be publicly accessible via a website, but the final aim would be to display it in town, possibly using a large projection which would update in real time.
Moodbank was created by Wellington artist Vanessa Crowe, who wanted to "mimic and subvert" the banking industry's interest in moods, and explore the role machines now play in sharing feelings and experiences.
If your organisation would like to host the Moodbank, contact TogetherTahi@gmail.com or look out for the machine in the CBD.