The Ether Machine to Go Public with Over $1.5 Billion | Crypto News

• The Ether Machine anticipated to launch with over 400,000 Ether (“ETH“) and handle the most important pool of property in a public vehicle 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 common stock financing in extra of $800 million from top-tier institutional, crypto-native and strategic buyers together with 1Roundtable Partners / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electric Capital, Kraken and Pantera Capital.

NEW YORK, July 21, 2025 /PRNewswire/ — The Ether Machine, Inc. (“the Company” or “The Ether Machine”), a newly shaped entity enabling public market buyers to entry Ethereum yield, introduced its public launch at the moment via a definitive business mixture settlement between The Ether Reserve, LLC and Dynamix Corporation (NASDAQ: DYNX). Upon the closing of the business mixture, the mixed entity will commerce on NASDAQ beneath the ticker image “ETHM”.

The Ether Machine is building the most important public vehicle for institutional-grade publicity to Ethereum, offering secure, clear, and compliant entry to ETH-denominated yield. As a strategic Ether era company, it goals to ship long-term, risk-adjusted returns via staking, restaking, and decentralized finance methods.

Senior Leadership
The Ether Machine is led by a visionary workforce of blockchain pioneers and finance veterans whose collective observe report spans the earliest days of Ethereum and the development of foundational crypto infrastructure.

• Andrew Keys, Co-Founder and Chairman, is a trailblazer in institutional Ethereum adoption. As one of the early members at Consensys, he spearheaded the creation of the primary Ethereum Blockchain-as-a-Service offering with Microsoft, which propelled ETH to commerce above $1 in 2015. He co-founded the Enterprise Ethereum Alliance (EEA) in 2017 – the most important 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 chief in institutional Ethereum finance and infrastructure. In his prior position as head of company development at Consensys, he led over $700 million in fundraising, 5 acquisitions, and more than fifty strategic investments — serving to remodel the company into a international Ethereum software program chief. Prior to that, David performed a key position in Consensys’ transition from a decentralized ecosystem studio to a cohesive, built-in Ethereum software program company.
• Tim Lowe, Chief Technology Officer, is a pioneer in Ethereum staking and institutional blockchain infrastructure, with over 20 years of expertise building mission-critical financial systems. As CTO of DARMA Capital and former Head of Staking at Consensys, he helped architect and launch some of the earliest institutional staking platforms, setting benchmarks for security and efficiency. He additionally performed a key position in Consensys’ enterprise blockchain initiatives, together with tokenized environmental markets and asset management instruments.
• Darius Przydzial CFA, CQF, Head of DeFi, is an knowledgeable and strategist in DeFi and Ethereum infrastructure. Since 2017, when he joined Consensys, he has suggested a number of high DeFi protocols, together with being a core contributor at Synthetix. Prior to his work in Web3, Darius spent over a decade at J.P. Morgan, Fortress Investment Group, and SAC Capital, the place he led quantitative analysis and risk methods.
• Jonathan Christodoro, Co-Founder and Vice Chairman, brings over 20 years of expertise throughout a number of premier investment management companies, together with Icahn Capital LP. In these roles, he has served on over a dozen Board of Directors serving to scale and grow each non-public and public corporations. He started his profession in investment banking at Morgan Stanley advising corporations throughout a selection of industries. Within financial technology, he presently serves on the board of administrators of PayPal and has executed so since its spin-out from eBay.

Management Comments
“The Ether Machine provides secure, liquid access to Ether – the digital oil that is powering the next era of the digital economy,” mentioned Andrew Keys, Co-Founder and Chairman of The Ether Machine. “We have assembled a team of ‘Ethereum Avengers’ to actively manage and unlock yields to levels we believe will be market-leading for investors.” 

“The Ether Machine is purpose-built for this moment in the digital assets space. Regulatory clarity and growing investor appetite are finally meeting a platform with deep technological experience and day-one dedication to Ethereum,” mentioned David Merin, Co-Founder and CEO of The Ether Machine.

“The Ether Machine will set a new standard for excellence for digital assets, and I look forward to instituting corporate best practices as we work to institutionalize the use of Ethereum,” mentioned Jonathan Christodoro, Co-Founder and Vice Chairman of The Ether Machine.

“We are excited to partner with The Ether Machine at a pivotal time in the industry, as Wall Street embraces the transformative potential of blockchain technology and regulatory clarity paves the way for innovative use cases,” mentioned Andrejka Bernatova, Founder, Chair, and CEO of Dynamix Corporation.

Company Strategy
The Ether Machine plans to operate as a strategic Ether era company with three core goals:

1. Generate Alpha: The Ether Machine’s ongoing ether era methods are anticipated to embrace staking and restaking (i.e., producing yield for growing Ethereum community security), and treasury yield from battle-tested decentralized finance protocols. It plans to leverage rigorous risk management to generate prudent risk-adjusted returns.

2. Catalyze the Ecosystem: The Ether Machine plans to actively assist Ethereum-native tasks by way of ecosystem partnerships, open-source contributions, and early participation in emergent protocols. The Company 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. Build Infrastructure Solutions: The Company expects to present infrastructure options for establishments and Ethereum-native tasks – eliminating the need to develop inner systems. Services could embrace validator management, block-building and tailor-made yield methods. All actions might be ruled by strict inner risk frameworks and regulatory compliance protocols. 

Transaction Highlights

• Landmark Transaction: This transaction marks the most important all-common-stock financing dedicated at announcement since 2021.
• Anchor Investment: Contribution of roughly $645 million (representing 169,984 ETH) by Co-Founder and Chairman Andrew Keys at inception.
• Blue-chip Institutional Support: In extra of $800 million of upsized, fully-committed financing at $10.00 per share from institutional and strategic buyers together with 1Roundtable Partners / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electric Capital, Kraken and Pantera Capital.
• Immediate Scale: The transaction is anticipated to ship over $1.6 billion of gross proceeds, together with over $1.5 billion of absolutely dedicated financing and up to $170 million of money held in Dynamix’s trust account. The company is anticipated to launch with over 400,000 ETH on its steadiness sheet, making it the most important public Ether era company.

The boards of administrators of each The Ether Machine and DYNX have unanimously accredited the proposed business mixture, which is anticipated to close by the fourth quarter of 2025, subject to shareholder approval and different customary closing situations.

Advisors 

Citigroup Global Markets, Inc. is serving as Capital Markets Advisor to The Ether Machine and served as Sole Placement Agent for institutional and strategic buyers on the upsized $800 million in dedicated financing.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to The Ether Machine. Davis Polk & Wardwell LLP is serving as legal counsel to Citigroup.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) and Scotia Capital (USA) Inc. are appearing as joint financial advisors to Dynamix Corporation. Cohen & Company is serving as Lead Capital Markets Advisor to Dynamix.

Gibson, Dunn & Crutcher LLP is serving as legal counsel to Dynamix Corporation.

Conference Call Information

The Ether Machine will maintain an investor convention call to focus on the proposed transaction on Tuesday, July 22^nd at 10:00 A.M. ET. Please dial in to the convention call on the hyperlink right here: https://teneo.zoom.us/j/84993884356. A replay might be out there and accessible at www.ethermachine.com.

About The Ether Machine  

Formed via a business mixture (to be accomplished) between The Ether Reserve, LLC and Dynamix Corp, a NASDAQ-listed particular goal acquisition company (the “Business Combination”), pursuant to a definitive business mixture settlement (the “Business Combination Agreement”), The Ether Machine is an Ethereum yield and infrastructure company purpose-built for institutional management and scale. Expected to be anchored by one of the most important on-chain ETH positions of any public entity, The Ether Machine will actively generate and optimize ETH-denominated returns via staking, restaking, and secure, professionally risk-managed DeFi participation. The Company additionally expects to present turnkey infrastructure options for enterprises, DAOs, and Ethereum-native builders searching for entry to Ethereum‘s consensus and blockspace financial system. To be taught more, please go to www.ethermachine.com.

About Dynamix Corporation

Dynamix Corporation (“DYNX”) is a particular goal acquisition company integrated beneath the legal guidelines of Cayman Islands for the aim of effecting a merger, amalgamation, share exchange, asset acquisition, share buy, reorganization or comparable business mixture with one or more companies. DYNX is led by the next seasoned buyers and industry executives: Andrea “Andrejka” Bernatova, Chief Executive Officer and Chairman, Nader Daylami, Chief Financial Officer, Philip Rajan, Vice President of M&A and Strategy and board members, Lynn A. Peterson, Diaco Aviki and Tyler Crabtree. Additionally, 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.

Additional Information and Where to Find It
Dynamix Corporation (“DYNX”) and The Ether Machine, Inc. (“The Ether Machine”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as could also be amended, the “Registration Statement”), which is able to embrace a preliminary proxy assertion of DYNX and a prospectus of The Ether Machine (the “Proxy Statement/Prospectus”) in connection with the Business Combination and the non-public placements in connection with the Business Combination (the “Private Placement Transactions”) and the opposite transaction contemplated by the Business Combination Agreement and/or described on this press release (collectively with the Business Combination and the Private Placement Transactions, the “Proposed Transactions”). The definitive proxy assertion and different related paperwork might be mailed to shareholders of DYNX as of a report date to be established for voting on the Business Combination and different issues as described within the Proxy Statement/Prospectus. DYNX and/or The Ether Machine can even file different paperwork relating to the Proposed Transactions with the SEC. This press release doesn’t comprise all of the knowledge that must be thought of regarding the Proposed Transactions and isn’t supposed to type the premise of any investment resolution or every other resolution 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. Investors and security holders can even have the ability to receive copies of the Registration Statement and the Proxy Statement/Prospectus and all different paperwork filed or that might be filed with the SEC by DYNX and The Ether Machine, with out charge, as soon as out there, on the SEC’s web site at www.sec.gov or by directing a request to: Dynamix Corp, 1980 Post 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 Common Stock to be issued by The Ether Machine and the category A models issued and to be issued by The ETH Reserve, LLC (“ETH Reserve”) in every case, in connection with the Proposed Transactions, haven’t been registered beneath the Securities Act of 1933, as amended (the “Securities Act”) and might not be provided or offered in the United States absent registration or an relevant exemption from the registration necessities of the Securities Act.

Participants 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 connection with the Business Combination. A listing of the names of such administrators and govt officers, and data relating to their pursuits within the Business Combination and their possession of DYNX’s securities are, or might be, contained in DYNX’s filings with the SEC. Additional data relating to the pursuits of the individuals who could, beneath SEC guidelines, be deemed members within the solicitation of proxies of DYNX’s shareholders in connection with the Business Combination, 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 Statement/Prospectus, which is anticipated to be filed by DYNX and The Ether Machine with the SEC. Investors and security holders could receive free copies of these paperwork as described above.

No Offer or Solicitation
This press release 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 an offer to sell or exchange, or a solicitation of an offer to buy or exchange 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 through which such offer, solicitation, sale or exchange can be illegal prior to registration or qualification beneath the securities legal guidelines of such state or jurisdiction. No offer of securities shall be made besides by means of a prospectus assembly the necessities of the Securities Act or an exemption therefrom. Investors 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.

Forward-Looking Statements  

This press release comprises sure forward-looking statements within 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 relating to The Ether Machine, ETH Reserve, DYNX and the Proposed Transactions and statements relating to the anticipated advantages and timing of completion of the Proposed Transactions, business plans and investment methods of The Ether Machine, ETH Reserve and DYNX, ETH Reserve’s skill to stake and leverage capital markets and different staking operations and participation in restaking, the quantity of capital anticipated to be obtained within the Proposed Transactions, the property held by The Ether Machine, ether’s place as the best digital asset and The Ether Machine’s skill to benefit from such place, plans to increase yield to buyers, any anticipated growth or alternatives related with ether, The Ether Machine’s plans to present infrastructure options, plans to assist Ethereum-native tasks by way of ecosystem partnerships, open-source contributions, and early participation in emergent protocols, The Ether Machine’s itemizing on an relevant securities exchange and the timing of such itemizing, expectations of ether to carry out as a superior treasury asset, the upside potential and alternative for buyers ensuing from any Proposed Transactions, any proposed transaction constructions and offering 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 “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and comparable expressions.

These are subject to numerous dangers and uncertainties, together with regulatory review, Ethereum protocol developments, market dynamics, the risk that the Proposed Transactions might not be accomplished in a well timed method or in any respect, failure for any situation to closing of the Business Combination to be met, the risk that the Business Combination might not be accomplished by DYNX’s business mixture deadline, the failure by the events to fulfill the situations to the consummation of the Business Combination, together with the approval of DYNX’s shareholders, or the Private Placement Transactions, prices associated to the Proposed Transactions and as a outcome of changing into a public company, failure to understand the anticipated advantages of the Proposed Transactions, the extent of redemptions of DYNX’s public shareholders which can scale back the public float of, scale back the liquidity of the trading market of, and/or preserve the citation, itemizing, or trading of the Class A shares of DYNX or the shares of Class A Common Stock of The Ether Machine, the dearth of a third-party equity opinion in figuring out whether or not or not to pursue the Business Combination, the failure of The Ether Machine to receive or preserve the itemizing of its securities any stock exchange on which The Ether Machine’s Class A Common Stock might be listed after closing of the Business Combination, modifications in business, market, financial, political and regulatory situations, dangers relating to The Ether Machine’s anticipated operations and business, together with the extremely risky nature of the price of ether, the risk that The Ether Machine’s stock price might be extremely correlated to the price of ether and the price 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 through which The Ether Machine will operate, dangers relating to vital legal, business, regulatory and technical uncertainty relating to ether, dangers relating to the therapy of crypto property for U.S. and international tax functions, challenges in implementing its business plan together with ether-related financial and advisory companies, due to operational challenges, vital competitors and regulation, being thought of to be a “shell company” by any stock exchange on which The Ether Machine’s Class A Common Stock might be listed or by the SEC, which can influence the flexibility to record The Ether Machine’s Class A Common Stock and prohibit reliance on sure guidelines or varieties in connection with the offering, sale or resale of securities, the result of any potential legal proceedings that could be instituted towards ETH Reserve, DYNX, The Ether Machine or others following announcement of the Business Combination and people risk components mentioned in paperwork of ETH Reserve, The Ether Machine, or DYNX filed, or to be filed, with the SEC.

The foregoing record of risk components will not be exhaustive. You ought to rigorously contemplate the foregoing components and the opposite dangers and uncertainties described within the “Risk Factors” 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 Reports on Form 10-Q, DYNX’s Annual Report on Form 10-Okay filed with the SEC on March 20, 2025 and the registration assertion on Form 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 from time to time with the SEC, in addition to the record of risk components included herein. These filings do or will establish and handle different important dangers and uncertainties that might trigger precise outcomes to differ materially from these contained within the forward-looking statements. Additional dangers and uncertainties not presently recognized or which are presently deemed immaterial may trigger precise outcomes to differ materially from these expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and none 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 release.

¹ For the needs of this release, all values assume one ETH is valued at $3,800 primarily based on market pricing as of July 20, 2025.

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SOURCE The Ether Machine

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