Bloomberg: Bitcoin ATM Operator CoinFlip Explores Sale for at Least $1 Billion

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News, according to Bloomberg, sources say that Chicago-based Bitcoin ATM operator CoinFlip is in the early stages of considering a sale, working with a financial advisor to find potential buyers. CoinFlip is considering seeking an acquisition price of at least $1 billion, but it is currently unclear whether it can achieve this valuation.

Founded in 2015, CoinFlip operates over 5,500 ATMs in the United States, Australia, New Zealand, South Africa, and other locations, according to its website.

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