Fenwick Represents Jeffrey Berns in 150,000 ETH Investment in The Ether Machine

Fenwick represented Jeffrey Berns, a pioneering blockchain investor, in his 150,000 ETH (currently valued at approximately $654M) investment in The Ether Machine, a planned public company following a pending business combination with Dynamix Corporation (Nasdaq: ETHM).

Formed through a pending business combination between The Ether Reserve, LLC and Dynamix Corp, The Ether Machine is an Ethereum yield and infrastructure company purpose-built for institutional management and scale. Anchored by one of the largest on-chain ETH positions of any public entity, The Ether Machine is expected to generate and optimize ETH-denominated returns through staking, restaking, and secure, professionally risk-managed DeFi participation. The company also plans to provide turnkey infrastructure solutions for enterprises, DAOs, and Ethereum-native builders seeking access to Ethereum’s consensus and blockspace economy. Additional information can be obtained here.

The Fenwick transaction team was led by corporate partners Andy Albertson, Ethan Skerry, Per Chilstrom, and Michael Pilo and associates Chris Crawford and Jonathan Hernandez; tax partners David Forst and William Skinner and associates Sean McElroy and Matthew Dimon.