TechFlow, September 2 — According to Reuters, Ether Machine announced it has completed a private placement raising $654 million (approximately 150,000 ETH), funded by long-time Ethereum supporter Jeffrey Berns, who will join the company's board of directors. The company was formed through the merger of Ether Reserve and Dynamix Corporation and is expected to list on Nasdaq in the fourth quarter of this year, at which point it will hold approximately 495,362 ETH (worth $2.16 billion) and $367.1 million in cash. Andrew Keys, co-founder and chairman, revealed that the third funding round, led by Citigroup, will launch this Wednesday with a target of at least $500 million.
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