Odaily Planet Daily News According to official news, The Ether Machine will conduct a business merger through The Ether Reserve, LLC entity and Dynamix Corporation (NASDAQ: DYNX), and the merged entity will be listed on the Nasdaq with the stock code "ETHM". The company is expected to start with more than 400,000 ETH, with the main funding from Andrew Keys, an early member of Consensys and founder of the Enterprise Ethereum Alliance (EEA), contributing approximately US$645 million (169,984 ETH) as core support, while common stock financing from top institutions, native cryptocurrencies and strategic investors such as 1Roundtable Partners/10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electric Capital, Kraken and Pantera Capital has exceeded US$800 million. The transaction is expected to generate more than $1.6 billion in gross proceeds, including more than $1.5 billion in fully committed financing and up to $170 million in cash, which will be held in Dynamix's trust account, and will become the largest public ETH production company. The Ether Machine and DYNX boards of directors have unanimously approved the proposed business combination, which is expected to be completed in the fourth quarter of 2025, subject to shareholder approval and other customary closing conditions.