Bitcoin ATM Operator CoinFlip to Explore Sale

CoinFlip, an operator of a global network Bitcoin ATMs, is in the early stages of weighing a sale as dealmaking in the cryptocurrency space heats up, people familiar with the matter said.

The Chicago-based company is working with a financial adviser to seek a buyer, according to the people. CoinFlip is considering seeking at least $1 billion in the sale, though it’s unclear if it will be able to achieve that valuation, the people said.