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Fernhill Corp (OTCMKTS: FERN) continues to move northbound with power in recent trading quickly emerging as an investors favorite and major volume leader regularly topping $5 million in daily trading volume. Microcapdaily first reported on FERN back on July 23 when FERN was in the $0.02 range stating at the time: “FERN is getting noticed by some pretty heavy hitter penny stock players. FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. FERN has an outstanding looking balance sheet with just $350k in total liabilities. The Company recently announced it is nearing completion of its due diligence on a targeted acquisition in the Cryptocurrency and Blockchain industry signing an LOI to acquire a SaaS based algorithmic crypto mining operating system platform for crypto mining pools and enthusiasts.
Since than FERN acquired PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them. The Company has also signed an LOI to acquire a groundbreaking digital asset crypto trading platform. One of the most compelling features of the target’s technology is that it is directly integrated with over 25 different leading crypto currency exchanges to provide the best execution price for any crypto trading pair, providing seamless liquidity on a global scale. In short, this platform bridges the gap between crypto currencies and the more traditional trading platforms. FERN is trading like a winner with strong new support at every new price level as it continues on a blue sky breakout.
Fernhill Corp (OTCMKTS: FERN) is a diversified technology holding company that has interests in and seeks to acquire, build and develop, businesses in mobile applications, blockchain/digital assets, SaaS, FinTech and alternative energy solutions, as well as other technologies that address the world’s leading environmental and social concerns. Fernhill supports and pursues ESG initiatives and is Signatory Member of the Crypto Climate Accord (CCA).
FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. Coupled with the Companys focus areas, Chris has deep industry experience and expertise in the Fintech, SaaS, Crypto/Blockchain, Telecommunications and Internet media industries.
On July 27 several days after our first report on the Company when the stock was in the $0.02 range FERN announced the Acquisition of PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them.
PerfectMine.io, delivered as software as a service (“SaaS”), provides optimized mining operating systems and algorithms, supports multiple cryptocurrencies and tokens such as Ethereum, LiteCoin, Monero and RavenCoin, and has the unique capability to support Multi-Card functionality that can run both Nvidia and AMD GPUs simultaneously, which is not commonly found in the industry. PerfectMine includes robust monitoring and optimization tools to efficiently tune and manage crypto mining rigs to improve hashrate yield and operate at peak efficiency.
In a September 9th Press Release $FERN said they would be re launching PerfectMine in the next couple weeks.
This could be announced any day pic.twitter.com/31xNCjHRfl
— Moon Market (@MoonMarket_) September 21, 2021
Check out the $FERN PerfectMine websitehttps://t.co/PsAk84Dqpq pic.twitter.com/uuVwyyU1JG
— Moon Market (@MoonMarket_) September 28, 2021
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said CEO Marc Lasky said at the time: “We are extremely excited about the acquisition of PerfectMine. We believe it is the perfect first step toward accomplishing our goals. This simple but robust platform allows us to democratize and simplify crypto mining for everyone. Further, it sets the stage for Fernhill to become one of the leading providers of crypto mining tools and resources to help optimize and create green mining solutions for the masses. Acquiring Perfectmine helps Fernhill establish a foundation for making multiple larger acquisitions in the crypto space and moves us closer to our goal of uplisting to Nasdaq.”
More recently FERN announced an LOI to acquire a groundbreaking digital asset crypto trading platform. In the Company’s continued mission to expand its presence in the cryptocurrency and blockchain industries, it has recently signed an LOI to acquire an institutional digital asset trading company serving banks and hedge funds with technology, strategy development, automated algorithmic trading, best execution, smart order routing, and risk exposure analytics. One of the most compelling features of the target’s technology is that it is directly integrated with over 25 different leading crypto currency exchanges to provide the best execution price for any crypto trading pair, providing seamless liquidity on a global scale. In short, this platform bridges the gap between crypto currencies and the more traditional trading platforms.
The target acquisition company has developed a proprietary digital asset/crypto trading platform with direct connectivity to the top major cryptocurrency exchanges such as Binance, Coinbase, OKEx, Kraken, and Bittrex to name a few. In addition, the company is based in the United States and has a top-notch executive management team, senior developers and board that come from some of the most prolific financial institutions and corporations in the world. The acquisition is targeted to close on or before November 15, 2021.
On September 9 FERN announced the appointment of Nathanael Coonrod, as Executive VP of Engineering. Prior to joining Fernhill, Nathanael led multinational engineering and development teams on projects for both established and start-up companies, including Tesla, Roger’s Corp, and FogChain, to name a few. With Fernhill, Nathanael’s duties will include spearheading all product development, technology implementation guidelines and collaborating with all existing and upcoming acquisitions to make sure integration goes smoothly, synergies are created and a technology roadmap is established to support growth. Synergies are exceedingly important in light of Fernhill’s recently announced letter of intent to acquire a digital asset trading platform.
Fernhill CEO Marc Lasky stated: “We are thrilled with the appointment of Mr. Coonrod as our EVP of Engineering, Nathanael is a world-class software engineer that has worked on a wide range of mission critical projects with a vast array of companies. He also helped author multiple, issued and pending, patents around blockchain and distributed computing technologies. Having a specialization in blockchain development, crypto mining, and large-scale software development projects, Nathanael has created several cutting-edge technologies and private blockchains that led to multiple successful exits, and as such, I am confident that he is the perfect person to help us take Fernhill to the next level.”
— Moon Market (@MoonMarket_) September 27, 2021
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FERN continues to move northbound with power in recent trading quickly emerging as an investors favorite and major volume leader regularly topping $5 million in daily trading volume. Microcapdaily first reported on FERN back on July 23 when FERN was in the $0.02 range stating at the time: “FERN is getting noticed by some pretty heavy hitter penny stock players. FERN took off in May after the Company reported it had upgraded its listing on OTCMarkets to Pink Current Status and hired senior technology M&A and corporate finance executive, Chris Kern, who has over 25 years of hands-on experience and facilitated over $750 million in transactions. FERN has an outstanding looking balance sheet with just $350k in total liabilities. The Company recently announced it is nearing completion of its due diligence on a targeted acquisition in the Cryptocurrency and Blockchain industry signing an LOI to acquire a SaaS based algorithmic crypto mining operating system platform for crypto mining pools and enthusiasts. Since than FERN acquired PerfectMine, a fully operational turn-key platform that provides optimized operating systems for a wide variety of GPU and CPU mining rigs to improve efficiency as well as remotely monitor and manage them. The Company has also signed an LOI to acquire a groundbreaking digital asset crypto trading platform. One of the most compelling features of the target’s technology is that it is directly integrated with over 25 different leading crypto currency exchanges to provide the best execution price for any crypto trading pair, providing seamless liquidity on a global scale. In short, this platform bridges the gap between crypto currencies and the more traditional trading platforms. FERN is trading like a winner with strong new support at every new price level as it continues on a blue sky breakout. We will be updating on FERN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FERN.
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Disclosure: we hold no position in FERN either long or short and we have not been compensated for this article
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