The company could become the latest crypto firm to sell as bitcoin's rally fuels an acquisition boom.

What to know:

• CoinFlip is exploring a sale with hopes of securing a valuation of $1 billion, according to Bloomberg.

• The U.S.-based ATM operator has over 5,500 machines worldwide.

• Deal talks come as crypto M&A activity accelerates alongside rising crypto prices.

CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg.

The company is working with an advisor to gauge buyer interest, the report said. CoinFlip could seek at least $1 billion in a deal, though the valuation is far from guaranteed. Discussions are still in early stages and may not result in a transaction.