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Sunday, September 25, 2022

Fernhill Corp (OTCMKTS: FERN) Breakout Out Over $0.01 as Crypto Operator Prepares Launch of its NFT Marketplace While PerfectMine & MainBloq Gain Traction

Fernhill Corp (OTCMKTS: FERN) is heating up and getting noticed making a significant move northbound out of its trading range at the $0.01 base where it had been flatlined for the past few months. Volume has been picking up too with FERN trading over $700,000 in dollar volume on Thursday alone as the stock is clearly under heavy accumulation. Investors remember the spectacular move FERN made in 2021, starting 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 and ran into October when it reached highs of $0.066 per share. As crypto heats up FERN has made a significant break northbound out of its $0.01 base with not much resistance back to previous $0.066 highs.

The timing could not be better for FERN as the Company readies the launch of its new NFT Marketplace, which represents step 3 of 4 in Fernhill’s process in creating its Digital Asset Ecosystem having already set up Mining and Trading with Minting being next up through its NFT Marketplace. FERN is looking to go fully reporting OTCQB and become an SEC filer recently hiring PCAOB Auditor – Hudgens CPA, PLLC. FERN Management views becoming a fully reporting, audited company is an important upcoming milestone in the Company’s ongoing road map to success. Also, over the past few days CEO Chris Kern went to the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, from March 28th – 30th from 9:00 a.m. – 5:00 p.m. EDT which brings even more publicity to FERN. 

Fernhill Corp (OTCMKTS: FERN) is a developer and acquirer of high-performance proprietary software solutions focused on crypto currency mining, digital asset trading and infrastructure applications that are designed to simplify, optimize and automate the blockchain ecosystem, including Mining, Minting, Trading and DeFi Fernhill is a Signatory Member of the Crypto Climate Accord (CCA). The Company has been beefing up its BOD recently appointing Chris Dey to its Advisory Board, as well as offering him one of seven seats on Fernhill’s upcoming NFT Xchange. 

Microcapdaily first reported on FERN on July 23, 2021 as the stock was surpassing the $0.01 mark before it ran to $0.066 highs in October stating at the time: “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.” 

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.  

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This was followed by the acquisition of MainBloq, a digital asset connectivity platform that is integrated with leading exchanges to serve the needs of institutional clients around the world. MainBloq offers a modular platform including a smart order router, suite of execution algorithms, FIX / SOCKETS / REST gateway, and consulting services to help banks and hedge funds execute on their trading strategies. 

MainBloq continues to make big moves launching enterprise-grade, widely-requested features since being integrated with FTX; the fourth-largest digital assets exchange in the U.S. Fresh off of January’s FTX and Coinbase Prime integrations, MainBloq is now launching support for Sub-Account Trading an option not supported by most exchanges. They also recently signed an LOI to provide Corinthian with algorithmic digital asset trading services.

The Company is planning to launch a new NFT Marketplace which is currently under development and is designed to cater to high quality and exceptionally curated collections of art, music, photography, domain names, sports memorabilia and more. The Company’s plan is to provide a white glove service to well-known creators, artists, athletes, entertainers, influencers and strategic business partners and offer a full turn-key solution for minting, marketing and selling non-fungible tokens (NFTs). The Company has selected Polygon as its primary blockchain based upon it being able to provide significantly lower gas fees, high transaction throughput and supports a more environmentally sustainable Proof of Stake consensus methodology.  

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Currently trading at a $29 million market valuation FERN has 2,241,662,827 shares outstanding, 1,571,546,514 of which are free trading shares. The Company carries just under $500,000 of liabilities on the books at least $125k is convertible debt. But FERN is an exciting story developing in small caps; the Company has acquired PerfectMine, delivered as software as a service (“SaaS”), providing optimized mining operating systems and algorithms, as well as MainBloq, a digital asset connectivity platform that is integrated with leading exchanges. They are currently readying the launch of the Company’s new NFT Marketplace which is designed to cater to high quality and exceptionally curated collections of art, music, photography, domain names, sports memorabilia and more. They are also in the process of becoming an SEC filer recently hiring PCAOB Auditor – Hudgens CPA, PLLC to guide them through the process. At current levels FERN is very attractive, it has shown strong support at $0.01 a range it is now breaking out of, it’s got liquidity, momentum, a fast-growing shareholder base and a significant gap to fill from current levels. 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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1 COMMENT

  1. To our Shareholders;

    This is our first annual letter to shareholders and I’m excited to tell you about the progress we’ve made this past year as well as our vision to create a long-lasting digital asset ecosystem that would reinvent how businesses use and benefit from the blockchain and tokens by unleashing its power and making it easy to use.

    We’ve come a long way since I started with the Company a year ago, however, our work is really just beginning as we continue to build upon and innovate new technologies for the nascent global blockchain industry. Last year, we started with a share price of $0.0009, saw a high of approximately $0.059 and per today’s closing price of $.01617 achieved a solid 1,796% increase. In doing so, we have grown our market capitalization by over
    $25,000,000 which directly correlates to shareholder wealth creation.

    Going forward, we will continue to work towards significant share appreciation at a similar rate, or better, for the foreseeable future, where our capitalization can be measured in the hundreds of millions of dollars.
    Fernhill has over 6,500 shareholders and I’m very proud to be one of them as well as honored to be a steward of its growth and success, something I’m deeply committed to. More importantly, our vision is to build a global brand that businesses turn to as a trusted partner and a leading innovator for the mining, minting and trading of digital assets and the Web3.0 economy. The desired result of this would be to create wealth for our shareholders and improve their quality of life by being able to do things like pay for their kid’s college, buy a new house, take that long overdue vacation, start a new business, or retire – whatever your passion leads you to. https://www.otcmarkets.com/financialReportViewer?id=326051

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