
Cango, a Chinese used-car sales platform, has exited the used-car market to become a Bitcoin mining company. The firm has requested delisting from China's national securities regulator as it plans to relocate its headquarters outside mainland China. Meanwhile, CoinFlip, a global operator of Bitcoin ATMs, is reportedly exploring a potential sale with an initial valuation target of at least $1 billion. The company has engaged a financial advisor to assist in the process, although discussions remain in the early stages.
[BLOOMBERG] Bitcoin ATM Operator CoinFlip to Explore Sale
Bitcoin ATM operator CoinFlip seeks buyer for potential $1 billion sale: report https://t.co/InXssanogr
According to Bloomberg, Bitcoin ATM operator CoinFlip is exploring a potential sale with an initial valuation target of at least $1 billion and has hired a financial advisor to assist in the process. Sources familiar with the matter said discussions are at an early stage and a