- The Ether Machine anticipated to launch with over 400,000 Ether (“ETH“) and handle the biggest pool of property in a public car for pure-play institutional-grade publicity to Ethereum and ETH-denominated yield.
- Led by Ethereum trailblazers with firsthand expertise driving Ethereum‘s rise from a nascent protocol to a cornerstone of the digital asset ecosystem.
- Largest all-common-stock financing dedicated at announcement since 2021; Anchored by contribution of roughly $645 million (169,984 ETH) from Andrew Keys1, alongside an upsized frequent inventory financing in extra of $800 million from top-tier institutional, crypto-native and strategic traders together with 1Roundtable Companions / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electrical Capital, Kraken and Pantera Capital.
NEW YORK, July 21, 2025 /PRNewswire/ — The Ether Machine, Inc. (“the Firm” or “The Ether Machine”), a newly shaped entity enabling public market traders to entry Ethereum yield, introduced its public launch immediately via a definitive enterprise mixture settlement between The Ether Reserve, LLC and Dynamix Company (NASDAQ: DYNX). Upon the closing of the enterprise mixture, the mixed entity will commerce on NASDAQ beneath the ticker image “ETHM”.
The Ether Machine is constructing the biggest public car for institutional-grade publicity to Ethereum, providing safe, clear, and compliant entry to ETH-denominated yield. As a strategic Ether era firm, it goals to ship long-term, risk-adjusted returns via staking, restaking, and decentralized finance methods.
Senior Management
The Ether Machine is led by a visionary staff of blockchain pioneers and finance veterans whose collective observe file spans the earliest days of Ethereum and the event of foundational crypto infrastructure.
- Andrew Keys, Co-Founder and Chairman, is a trailblazer in institutional Ethereum adoption. As one of many early members at Consensys, he spearheaded the creation of the primary Ethereum Blockchain-as-a-Service providing with Microsoft, which propelled ETH to commerce above $1 in 2015. He co-founded the Enterprise Ethereum Alliance (EEA) in 2017 – the biggest open-source blockchain consortium on this planet with members together with Intel, BP and Accenture. Most lately, he co-founded a $1 billion CFTC-registered commodity pool operator, DARMA Capital.
- David Merin, Co-Founder and CEO, is a frontrunner in institutional Ethereum finance and infrastructure. In his prior function as head of company growth at Consensys, he led over $700 million in fundraising, 5 acquisitions, and greater than fifty strategic investments — serving to remodel the corporate into a worldwide Ethereum software program chief. Previous to that, David performed a key function in Consensys’ transition from a decentralized ecosystem studio to a cohesive, built-in Ethereum software program firm.
- Tim Lowe, Chief Expertise Officer, is a pioneer in Ethereum staking and institutional blockchain infrastructure, with over twenty years of expertise constructing mission-critical monetary programs. As CTO of DARMA Capital and former Head of Staking at Consensys, he helped architect and launch among the earliest institutional staking platforms, setting benchmarks for safety and efficiency. He additionally performed a key function in Consensys’ enterprise blockchain initiatives, together with tokenized environmental markets and asset administration instruments.
- Darius Przydzial CFA, CQF, Head of DeFi, is an professional and strategist in DeFi and Ethereum infrastructure. Since 2017, when he joined Consensys, he has suggested a number of prime DeFi protocols, together with being a core contributor at Synthetix. Previous to his work in Web3, Darius spent over a decade at J.P. Morgan, Fortress Funding Group, and SAC Capital, the place he led quantitative analysis and danger methods.
- Jonathan Christodoro, Co-Founder and Vice Chairman, brings over twenty years of expertise throughout a number of premier funding administration corporations, together with Icahn Capital LP. In these roles, he has served on over a dozen Board of Administrators serving to scale and develop each non-public and public firms. He started his profession in funding banking at Morgan Stanley advising firms throughout quite a lot of industries. Inside monetary know-how, he presently serves on the board of administrators of PayPal and has finished so since its spin-out from eBay.
Administration Feedback
“The Ether Machine supplies safe, liquid entry to Ether – the digital oil that’s powering the following period of the digital economic system,” mentioned Andrew Keys, Co-Founder and Chairman of The Ether Machine. “We’ve got assembled a staff of ‘Ethereum Avengers’ to actively handle and unlock yields to ranges we consider might be market-leading for traders.”
“The Ether Machine is purpose-built for this second within the digital property house. Regulatory readability and rising investor urge for food are lastly assembly a platform with deep technological expertise and day-one dedication to Ethereum,” mentioned David Merin, Co-Founder and CEO of The Ether Machine.
“The Ether Machine will set a brand new commonplace for excellence for digital property, and I sit up for instituting company greatest practices as we work to institutionalize the usage of Ethereum,” mentioned Jonathan Christodoro, Co-Founder and Vice Chairman of The Ether Machine.
“We’re excited to accomplice with The Ether Machine at a pivotal time within the business, as Wall Road embraces the transformative potential of blockchain know-how and regulatory readability paves the best way for progressive use instances,” mentioned Andrejka Bernatova, Founder, Chair, and CEO of Dynamix Company.
Firm Technique
The Ether Machine plans to function as a strategic Ether era firm with three core aims:
1. Generate Alpha: The Ether Machine’s ongoing ether era methods are anticipated to incorporate staking and restaking (i.e., producing yield for growing Ethereum community safety), and treasury yield from battle-tested decentralized finance protocols. It plans to leverage rigorous danger administration to generate prudent risk-adjusted returns.
2. Catalyze the Ecosystem: The Ether Machine plans to actively assist Ethereum-native tasks through ecosystem partnerships, open-source contributions, and early participation in emergent protocols. The Firm additionally plans to publish Ethereum-focused analysis and academic content material to deepen the understanding of the community’s potential and drive broader adoption.
3. Construct Infrastructure Options: The Firm expects to supply infrastructure options for establishments and Ethereum-native tasks – eliminating the necessity to develop inner programs. Providers could embrace validator administration, block-building and tailor-made yield methods. All actions might be ruled by strict inner danger frameworks and regulatory compliance protocols.
Transaction Highlights
- Landmark Transaction: This transaction marks the biggest all-common-stock financing dedicated at announcement since 2021.
- Anchor Funding: Contribution of roughly $645 million (representing 169,984 ETH) by Co-Founder and Chairman Andrew Keys at inception.
- Blue-chip Institutional Help: In extra of $800 million of upsized, fully-committed financing at $10.00 per share from institutional and strategic traders together with 1Roundtable Companions / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electrical Capital, Kraken and Pantera Capital.
- Rapid Scale: The transaction is predicted to ship over $1.6 billion of gross proceeds, together with over $1.5 billion of totally dedicated financing and as much as $170 million of money held in Dynamix’s belief account. The corporate is predicted to launch with over 400,000 ETH on its stability sheet, making it the biggest public Ether era firm.
The boards of administrators of each The Ether Machine and DYNX have unanimously authorised the proposed enterprise mixture, which is predicted to shut by the fourth quarter of 2025, topic to shareholder approval and different customary closing circumstances.
Advisors
Citigroup International Markets, Inc. is serving as Capital Markets Advisor to The Ether Machine and served as Sole Placement Agent for institutional and strategic traders on the upsized $800 million in dedicated financing.
Skadden, Arps, Slate, Meagher & Flom LLP is serving as authorized counsel to The Ether Machine. Davis Polk & Wardwell LLP is serving as authorized counsel to Citigroup.
Cohen & Firm Capital Markets, a division of J.V.B. Monetary Group, LLC (“Cohen & Firm”) and Scotia Capital (USA) Inc. are performing as joint monetary advisors to Dynamix Company. Cohen & Firm is serving as Lead Capital Markets Advisor to Dynamix.
Gibson, Dunn & Crutcher LLP is serving as authorized counsel to Dynamix Company.
Convention Name Info
The Ether Machine will maintain an investor convention name to debate the proposed transaction on Tuesday, July 22nd at 10:00 A.M. ET. Please dial in to the convention name on the hyperlink right here: https://teneo.zoom.us/j/84993884356. A replay might be obtainable and accessible at www.ethermachine.com.
About The Ether Machine
Shaped via a enterprise mixture (to be accomplished) between The Ether Reserve, LLC and Dynamix Corp, a NASDAQ-listed particular objective acquisition firm (the “Enterprise Mixture”), pursuant to a definitive enterprise mixture settlement (the “Enterprise Mixture Settlement”), The Ether Machine is an Ethereum yield and infrastructure firm purpose-built for institutional administration and scale. Anticipated to be anchored by one of many largest on-chain ETH positions of any public entity, The Ether Machine will actively generate and optimize ETH-denominated returns via staking, restaking, and safe, professionally risk-managed DeFi participation. The Firm additionally expects to supply turnkey infrastructure options for enterprises, DAOs, and Ethereum-native builders looking for entry to Ethereum‘s consensus and blockspace economic system. To be taught extra, please go to www.ethermachine.com.
About Dynamix Company
Dynamix Company (“DYNX”) is a particular objective acquisition firm included beneath the legal guidelines of Cayman Islands for the aim of effecting a merger, amalgamation, share change, asset acquisition, share buy, reorganization or related enterprise mixture with a number of companies. DYNX is led by the next seasoned traders and business executives: Andrea “Andrejka” Bernatova, Chief Govt Officer and Chairman, Nader Daylami, Chief Monetary Officer, Philip Rajan, Vice President of M&A and Technique and board members, Lynn A. Peterson, Diaco Aviki and Tyler Crabtree. Moreover, Ralph Alexander, Joe Gatto, Peter Gross, Jimmy Henderson, Tommy Stone, and Steve Webster served as Advisors to DYNX. DYNX maintains a company web site at https://dynamix-corp.com.
Further Info and The place to Discover It
Dynamix Company (“DYNX”) and The Ether Machine, Inc. (“The Ether Machine”) intend to file with the Securities and Trade Fee (the “SEC”) a Registration Assertion on Type S-4 (as could also be amended, the “Registration Assertion”), which can embrace a preliminary proxy assertion of DYNX and a prospectus of The Ether Machine (the “Proxy Assertion/Prospectus”) in reference to the Enterprise Mixture and the non-public placements in reference to the Enterprise Mixture (the “Non-public Placement Transactions”) and the opposite transaction contemplated by the Enterprise Mixture Settlement and/or described on this press launch (along with the Enterprise Mixture and the Non-public Placement Transactions, the “Proposed Transactions”). The definitive proxy assertion and different related paperwork might be mailed to shareholders of DYNX as of a file date to be established for voting on the Enterprise Mixture and different issues as described within the Proxy Assertion/Prospectus. DYNX and/or The Ether Machine may also file different paperwork concerning the Proposed Transactions with the SEC. This press launch doesn’t comprise all the info that must be thought of in regards to the Proposed Transactions and isn’t meant to type the premise of any funding choice or another choice in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF DYNX AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH DYNX’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT DYNX, ETH RESERVE, THE ETHER MACHINE AND THE PROPOSED TRANSACTIONS. Traders and safety holders may also have the ability to acquire copies of the Registration Assertion and the Proxy Assertion/Prospectus and all different paperwork filed or that might be filed with the SEC by DYNX and The Ether Machine, with out cost, as soon as obtainable, on the SEC’s web site at www.sec.gov or by directing a request to: Dynamix Corp, 1980 Submit Oak Blvd., Suite 100, PMB 6373, Houston, TX 77056 ; e-mail: information@regen.io, or to: The Ether Machine, Inc., 2093 Philadelphia Pike #2640, Claymont, DE 19703; e-mail: dm@etherreserve.com.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS REPORT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
The Class A Widespread Inventory to be issued by The Ether Machine and the category A items issued and to be issued by The ETH Reserve, LLC (“ETH Reserve”) in every case, in reference to the Proposed Transactions, haven’t been registered beneath the Securities Act of 1933, as amended (the “Securities Act”) and is probably not provided or bought in the USA absent registration or an relevant exemption from the registration necessities of the Securities Act.
Contributors within the Solicitation
DYNX, The Ether Machine, ETH Reserve and their respective administrators and govt officers could also be deemed beneath SEC guidelines to be members within the solicitation of proxies from DYNX’s shareholders in reference to the Enterprise Mixture. An inventory of the names of such administrators and govt officers, and data concerning their pursuits within the Enterprise Mixture and their possession of DYNX’s securities are, or might be, contained in DYNX’s filings with the SEC. Further info concerning the pursuits of the individuals who could, beneath SEC guidelines, be deemed members within the solicitation of proxies of DYNX’s shareholders in reference to the Enterprise Mixture, together with the names and pursuits of ETH Reserve and The Ether Machine’s administrators and govt officers, might be set forth within the Proxy Assertion/Prospectus, which is predicted to be filed by DYNX and The Ether Machine with the SEC. Traders and safety holders could acquire free copies of those paperwork as described above.
No Provide or Solicitation
This press launch is for informational functions solely and isn’t a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not represent a suggestion to promote or change, or a solicitation of a suggestion to purchase or change the securities of DYNX, ETH Reserve or The Ether Machine, or any commodity or instrument or associated spinoff, nor shall there be any sale of any such securities in any state or jurisdiction by which such provide, solicitation, sale or change can be illegal previous to registration or qualification beneath the securities legal guidelines of such state or jurisdiction. No provide of securities shall be made besides by the use of a prospectus assembly the necessities of the Securities Act or an exemption therefrom. Traders ought to seek the advice of with their counsel as to the relevant necessities for a purchaser to avail itself of any exemption beneath the Securities Act.
Ahead-Wanting Statements
This press launch accommodates sure forward-looking statements throughout the that means of the U.S. federal securities legal guidelines with respect to the Proposed Transactions and the events thereto, together with expectations, hopes, beliefs, intentions, plans, prospects, outcomes or methods concerning The Ether Machine, ETH Reserve, DYNX and the Proposed Transactions and statements concerning the anticipated advantages and timing of completion of the Proposed Transactions, enterprise plans and funding methods of The Ether Machine, ETH Reserve and DYNX, ETH Reserve’s potential to stake and leverage capital markets and different staking operations and participation in restaking, the quantity of capital anticipated to be acquired within the Proposed Transactions, the property held by The Ether Machine, ether’s place as the best digital asset and The Ether Machine’s potential to learn from such place, plans to extend yield to traders, any anticipated progress or alternatives related to ether, The Ether Machine’s plans to supply infrastructure options, plans to assist Ethereum-native tasks through ecosystem partnerships, open-source contributions, and early participation in emergent protocols, The Ether Machine’s itemizing on an relevant securities change and the timing of such itemizing, expectations of ether to carry out as a superior treasury asset, the upside potential and alternative for traders ensuing from any Proposed Transactions, any proposed transaction buildings and providing phrases and ETH Reserve’s and The Ether Machine’s plans for ether adoption, worth creation, investor advantages and strategic benefits. These forward-looking statements usually are recognized by the phrases “consider,” “undertaking,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “potential,” “plan,” “could,” “ought to,” “will,” “would,” “might be,” “will proceed,” “will probably outcome,” and related expressions.
These are topic to numerous dangers and uncertainties, together with regulatory evaluation, Ethereum protocol developments, market dynamics, the chance that the Proposed Transactions is probably not accomplished in a well timed method or in any respect, failure for any situation to closing of the Enterprise Mixture to be met, the chance that the Enterprise Mixture is probably not accomplished by DYNX’s enterprise mixture deadline, the failure by the events to fulfill the circumstances to the consummation of the Enterprise Mixture, together with the approval of DYNX’s shareholders, or the Non-public Placement Transactions, prices associated to the Proposed Transactions and because of changing into a public firm, failure to comprehend the anticipated advantages of the Proposed Transactions, the extent of redemptions of DYNX’s public shareholders which can cut back the general public float of, cut back the liquidity of the buying and selling market of, and/or preserve the citation, itemizing, or buying and selling of the Class A shares of DYNX or the shares of Class A Widespread Inventory of The Ether Machine, the shortage of a third-party equity opinion in figuring out whether or not or to not pursue the Enterprise Mixture, the failure of The Ether Machine to acquire or preserve the itemizing of its securities any inventory change on which The Ether Machine’s Class A Widespread Inventory might be listed after closing of the Enterprise Mixture, modifications in enterprise, market, monetary, political and regulatory circumstances, dangers referring to The Ether Machine’s anticipated operations and enterprise, together with the extremely risky nature of the value of ether, the chance that The Ether Machine’s inventory value might be extremely correlated to the value of ether and the value of ether could lower between the signing of the definitive paperwork for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions, dangers associated to elevated competitors within the industries by which The Ether Machine will function, dangers referring to important authorized, industrial, regulatory and technical uncertainty concerning ether, dangers referring to the therapy of crypto property for U.S. and international tax functions, challenges in implementing its marketing strategy together with ether-related monetary and advisory companies, as a result of operational challenges, important competitors and regulation, being thought of to be a “shell firm” by any inventory change on which The Ether Machine’s Class A Widespread Inventory might be listed or by the SEC, which can impression the flexibility to record The Ether Machine’s Class A Widespread Inventory and limit reliance on sure guidelines or varieties in reference to the providing, sale or resale of securities, the end result of any potential authorized proceedings that could be instituted towards ETH Reserve, DYNX, The Ether Machine or others following announcement of the Enterprise Mixture and people danger components mentioned in paperwork of ETH Reserve, The Ether Machine, or DYNX filed, or to be filed, with the SEC.
The foregoing record of danger components will not be exhaustive. You need to rigorously think about the foregoing components and the opposite dangers and uncertainties described within the “Threat Components” part of the ultimate prospectus of DYNX dated as of November 20, 2024 and filed by DYNX with the SEC on November 21, 2024, DYNX’s Quarterly Stories on Type 10-Q, DYNX’s Annual Report on Type 10-Ok filed with the SEC on March 20, 2025 and the registration assertion on Type S-4 and proxy assertion/prospectus that might be filed by The Ether Machine and DYNX, and different paperwork filed by DYNX and The Ether Machine now and again with the SEC, in addition to the record of danger components included herein. These filings do or will establish and handle different vital dangers and uncertainties that would trigger precise outcomes to vary materially from these contained within the forward-looking statements. Further dangers and uncertainties not presently recognized or which are presently deemed immaterial may additionally trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. Readers are cautioned to not put undue reliance on forward-looking statements, and not one of the events or any of their representatives assumes any obligation and don’t intend to replace or revise these forward-looking statements, every of that are made solely as of the date of this press launch.
1 For the needs of this launch, all values assume one ETH is valued at $3,800 primarily based on market pricing as of July 20, 2025.
View unique content material:https://www.prnewswire.com/news-releases/the-ether-machine-to-go-public-with-over-1-5-billion-of-fully-committed-capital-302509349.html
SOURCE The Ether Machine
Featured Picture: depositphotos @ ilolab
