Ether Machine completes $654 million in private equity financing, plans to go public on Nasdaq in the fourth quarter
Source: Binance
Time: 2025-09-02 18:54:13
According to Shenchao TechFlow, Ether Machine announced that it had completed a private equity financing worth $654 million, with the investor being Jeffrey Berns, who will join the company's board of directors. The company is formed by the merger of Ether Reserve and Dynamix Corporation and is expected to be listed on Nasdaq in the fourth quarter of this year, holding approximately 495,362 Ethereum and $367.1 million in cash. Co-founder and chairman Andrew Keys revealed that the third round of financing, led by Citibank, will be launched this Wednesday with a target of at least $500 million.