Bloomberg: Bitcoin ATM operator CoinFlip explores selling for at least $1 billion

According to Foresight News, people familiar with the matter said that Chicago-based Bitcoin ATM operator CoinFlip is in the early stages of considering a sale and is working with a financial adviser to find a buyer. CoinFlip is considering seeking a purchase price of at least $1 billion, but it is unclear whether it can reach that valuation.

CoinFlip was founded in 2015 and according to its website, the company operates more than 5,500 ATMs in the United States, Australia, New Zealand, South Africa and other places.

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