PANews reported on September 2nd that, according to Reuters, Ether Machine announced that it had secured 150,000 ether (approximately $654 million) in a private placement, with investment from longtime supporter Jeffrey Berns. The funds will be transferred to the company's wallet this week. Berns will join the board of directors. The company, formed through the merger of Ether Reserve and Dynamix Corporation, plans to list on the Nasdaq. It currently holds over 495,362 ether (approximately $2.16 billion) and $367 million in funding. Citibank continues to lead a new $500 million funding round.