On September 2nd, according to Reuters, Ether Machine announced that it has completed a $654 million private placement financing (approximately 150,000 Ethereum) with investment from 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 go public on Nasdaq in the fourth quarter of this year, holding approximately 495,362 Ethereum (valued at $2.16 billion) 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.