Bitcoin ATM operator CoinFlip is considering a sale, with a target valuation of $1 billion

PANews reported on June 6 that according to Bloomberg, CoinFlip, a global bitcoin ATM network operator, is considering selling the company and has hired a financial advisor to seek a buyer. The company has a target valuation of at least $1 billion, but it is uncertain whether it can be achieved, according to people familiar with the matter. Founded in 2015, CoinFlip currently operates more than 5,500 crypto ATMs in the United States, Australia, New Zealand, South Africa, and more.

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