Bitcoin ATM operator CoinFlip is considering a sale, targeting a valuation of 1 billion USD.

ChainCatcher reports that, according to Bloomberg, global Bitcoin ATM network operator CoinFlip is considering selling the company and has hired financial advisors to seek buyers.

Insiders say the company is targeting a valuation of at least 1 billion USD, but whether this can be achieved remains uncertain.

Founded in 2015, CoinFlip currently operates over 5,500 cryptocurrency ATMs in the United States, Australia, New Zealand, South Africa, and other locations.